A multi state financial institution purchased a regional Midwest bank and needed to understand the feasibility of maintaining two headquarters facilities. Silverlode analyzed the feasibility of maintaining a regional headquarters and determined it would be a viable option only with the assistance of economic incentives. In the short run, the lower cost alternative was to consolidate the regional headquarters into the existing headquarters. However, there were compelling economic reasons to maintain a regional headquarters as a long-term solution.
Silverlode helped to close the short-term cost gap by negotiating with state and local governments to secure a complicated incentives package worth over $10 million. The preservation of a regional headquarters enabled the retention of nearly 1,000 jobs and the attraction of significant capital investment in a distressed section of the Midwest community’s downtown.