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Out-of-town bank looks to double office space
Mutual of Omaha has outgrown its Houston office space at 520 Post Oak Blvd. and plans to seek out something twice as large to lease in 2017.
The Omaha, Nebraska-based commercial bank currently has 6,000 square feet at its current lending office. Ideally, it would move into space between 10,000 and 12,000 square feet, according to Mike Turner, Mutual of Omaha Houston region president and CEO.
Mutual of Omaha has around 32 employees and 15 in its commercial lending team. It plans to add another couple of commercial lenders, as well as an analyst and business banker. The goal is to be have $1 billion in assets in the Houston market over the next couple of years, Turner added.
Mutual of Omaha has focused primarily on energy lending, real estate and health care. The bank, backed by the same-named insurance company, is also growing in the life science sector, Turner added.
Joe Martin covers technology, money and law for the Houston Business Journal. Follow him on Twitter for more.
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