"Charlotte stood out as a location where we had a unique opportunity to invest by establishing a formal presence," said Edward Skyler, Citi's head of enterprise services & public affairs. The average salary for the new positions is projected to be $131,832, according to the official release.

The lender will spend $16.1 million to open a new office in the city, which is slated to open by early 2026, according to a bank memo.

Two financial services organizations, Citigroup and AssetMark, will expand to Charlotte, creating more than 700 total jobs in exchange for millions in incentives, North Carolina Gov. Josh Stein announced Tuesday.