Wachovia Plans 300 ‘Green’ Branches

May 31, 2007

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Wachovia plans to build only “green” financial centers by the end of next year and plans to build at least 300 “green” branches nationally by 2010, the Atlanta Journal-Constitution reports.

Eight new offices in Los Angeles, Orange, Santa Barbara and Riverside counties will open starting in November. All will have silver-level LEED certification from the U.S. Green Building Council. Wachovia is also seeking the higher gold-level certification at some centers.

Plans include lower water flow in restrooms, energy-efficient lighting, educational displays, bike racks and preferred parking for low-emission cars.

Wachovia expects to save up to $80,000 in construction costs for each new branch built, reduce overall energy use and see reduced operating costs of about 20 percent in the first year.

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