U.S. Bank Expands Presence in Houston with Private Wealth Management Office in Memorial City - wealthnmoregroup.com
U.S. Bank Expands Presence in Houston with Private Wealth Management Office in Memorial City
Houston, TX — Minneapolis-based U.S. Bancorp (NYSE: USB), the parent company of U.S. Bank, is set to bolster its presence in Houston by opening a state-of-the-art private wealth management office in the newly constructed Memorial City office tower. The nine-story building, located at 9753 Katy Freeway, is part of a dynamic mixed-use development led by Memorial City developer MetroNational.
Scheduled to commence build-out in February and reach completion by May, the 5,697-square-foot office signifies a strategic move by the nation's fifth-largest bank to cater to the affluent clientele in the region. The investment in this premium location underscores U.S. Bank's commitment to providing top-tier financial services, targeting individuals with net worths ranging from $3 million to $75 million.
According to a filing with the Texas Department of Licensing and Regulation, the development costs are estimated at $714,815. However, these figures are preliminary and subject to change as the project progresses.
Kristin Kelly, a spokesperson for U.S. Bank, highlighted the bank's growth trajectory in Texas since its entry into the market in 2005.
Despite lacking physical branches in the region, the bank boasts a substantial local workforce and plans to further expand its operations, evidenced by the upcoming private wealth office in Dallas.
"Texas is an exciting growth market for U.S. Bank," stated Kelly. "We are incredibly excited to have recently expanded our presence to include Private Wealth Management in Houston and Private Wealth Management and Ascent Private Capital Management in Dallas."
The Memorial City private wealth office will be housed in the recently completed office tower, which achieved full occupancy earlier this year. This prime location has attracted major tenants, including Callon Petroleum Co., which secured 107,171 square feet for its corporate headquarters.
As U.S. Bank solidifies its position in the thriving Texas market, the bank aims to contribute to the state's economic growth through investments in new products, services, and job creation. For those interested in real estate opportunities or discussions on capitalizing on this momentum, please feel free to reach out. Your success is our priority.
For Houston listings, click here.
Credit to Houston Business Journal
Testimonials
"
"Was very lucky to be assisted by Alice during all the process of home purchase, she was very patient and following up all with all stakeholders involved (from lenders, house inspection as well as house walk around, suggesting proper homeowner insurance and up to signing process). She is very experienced and recommended one"
"
- Firda H.
"
I work with many agents across the Houston area. Alice Liang was extremely professional and prompt throughout the process. I would highly recommend Alice and look forward to working with her again.
"
- Neil M.
"
She would literally answer any question I had no matter the times. She would literally answer any question I had no matter the times.
Sometimes I would be stuck in thought and text after 7 pm and she would always respond as if I’m not interrupting her life. She is literally the best person out there and if I decide to sell my house I’ll be looking for her to help me again . You will not be disappointed she is amazing.!
"
- Keice D.
"
I have been working with several realtors because I am doing small investment in different places. Each realtor is different, but we basically have only two types: working for client or working for themselves. She has done what she committed to do, which is very important. She proposed action/idea, rather than saying series of excuses to do nothing what does not bring any value to the client. She knows what she is doing, while we have several who does not know what they are going/saying while mouth is moving well. I know she is not like a person staying in the industry more than 40 years, but she is truly professional.
Real estate investment is not like push button investment deal. We need team to run for success. In this sense, we need proper person, which I believe I have now. I suggest you call and work with her.
"
- Takashi M.
"
Working with Alice has been a pleasure. This is the second home she has helped us purchase. Both times Alice has shown that she is very passionate and dedicated to help you find a home that you love and help you along the entire process. We are so grateful!
"
- Lori M.
The information being provided by Houston Association of REALTORS, Inc. is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Houston Association of REALTORS, Inc. This web site may reference real estate listing(s) held by a brokerage firm other
