Wells Fargo is opening a new campus in Irving, the latest addition to the region’s growing financial sector.
Wells Fargo held a ribbon-cutting on October 22 for its new corporate campus in the Las Colinas neighborhood of Irving. During the ceremony, CEO Charlie Scharf stood alongside Gov. Greg Abbott, Irving Mayor Rick Stopfer, and Mike Rowe, of the former TV show “Dirty Jobs.”
“By bringing our Dallas-Fort Worth area employees together in this dynamic environment, we’re better positioned to support our clients and customers across Texas and the U.S.,” Scharf said in a press release. “The space was thoughtfully designed to inspire collaboration, drive success, and foster a sense of connection – both within our teams and within the community.”
The new $570 million campus is 22 acres. Wells Fargo partnered with KDC Real Estate Development and Investments to develop the grounds, built by Austin Commercial and designed by Corgan, a firm with offices across Texas.
The facility includes walking trails, public transit access, a dining pavilion, and a fitness center, according to the release. Wells Fargo hopes to make this its first “energy net-positive campus,” with energy-efficient technology—including solar power, smart irrigation, and dynamic glass that responds to the weather for optimal heating, cooling, and lighting.
On the same day as the ribbon-cutting, Wells Fargo also announced it would donate $1 million to the OneStar Foundation’s Central Texas Flood Recovery Fund, aiming to help communities across the state rebuild. This brings the company’s 2025 donations to flood relief and recovery to $2 million. The company has donated nearly $90 million to housing, small business, financial health, and other community needs across Texas since 2020.
Texas sets the economic standard across the nation, Abbott said in the release. He called the new campus a testament to the state’s business climate.
“From world class infrastructure, to a highly skilled workforce, Texas offers everything that job creators need to succeed,” Abbott said. “Texas continues to attract world class employers because they know Texas is where businesses prosper and the future of America’s economy is built.”
The new Wells Fargo campus is one of Las Colinas’ largest real estate deals in 20 years, according to the release from Abbott’s office. He emphasized how this contributes to Texas’ embodiment of the American Dream, and its transformation into what he called “America’s financial hub.”
Fifth Third Bank, from Cincinnati, announced on October 6 that it was buying Comerica, from Dallas, in a $10.9 billion deal – and expanding across the region, as The Dallas Express reported at the time. In September, the Canadian company Scotiabank announced it would open a regional hub in Dallas, investing $60 million.
This comes as major financial firms are moving from Wall Street to “Y’all Street” in Dallas. Texas led the nation in new jobs over the past year, adding 195,600 positions as of September. The state also led in August, adding 17,600 new positions.
“The Texas economy is becoming more diversified to signify our might as a financial capital,” Abbott said in a press release. “To make sure it stays that way, the Texas economy focuses not on where we are, but where we are going.”