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Press Release

CFG Bank Moves into New Headquarters in Baltimore Peninsula as Largest Commercial Tenant to Date

New HQ Accommodates CFG’s Growth, Fosters “Best Place to Work” Award-Winning Culture, and Supports Continued Investment in Baltimore

CFG Bank (CFG), the largest bank headquartered in Baltimore, which provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region, today announced the grand opening of its new headquarters at 2455 House Street in Baltimore Peninsula. The South Baltimore development, led by MAG Partners and MacFarlane Partners, with investments from Under Armour founder Kevin Plank and his Sagamore Ventures investment firm, and Goldman Sachs Asset Management Urban Investment Group, welcomes CFG as its largest commercial tenant to-date. CFG’s space will also serve as the headquarters for the company’s subsidiaries and affiliates.

The new headquarters supports CFG’s recent and future growth. Featuring 97,000 square feet of office space on three floors, the headquarters, created in partnership with NewGround, was designed with CFG team members in mind. The space was intentionally created to inspire creativity, energy, and an entrepreneurial spirit.

The headquarters features various collaboration areas with a showcase employee lounge, a shared rooftop community space, a library area, full kitchens, an indoor sports simulator, and more. Throughout the space, there are many featured art installations, including full-wall murals, a curated art gallery spotlighting Baltimore artists, and more.

“We’ve reached great milestones over the past few years and the opening of our new headquarters is another exciting mark in CFG’s story. We are not a traditional company, and our new office is anything but a traditional office,” said CFG CEO Jack Dwyer. “Our goal is to maintain a culture where people feel that being part of the CFG family is the best decision of their career. The design of our new HQ was thoughtful and planned to foster our greatest asset – our team and their entrepreneurial spirit, our key differentiator. It’s an exciting time at CFG, and our new HQ is just the beginning. We can’t wait for all that is ahead.”

“We are proud to welcome CFG to the Baltimore Peninsula community and feel honored to be a part of the institution’s impressive growth and unwavering commitment to the city of Baltimore,” said MaryAnne Gilmartin, Founder and CEO of MAG Partners. “CFG Bank makes a fantastic addition to the neighborhood and an excellent partner as Baltimore Peninsula continues to evolve.”

“CFG Bank has distinguished itself as an institution with an entrepreneurial approach and an ability to make change happen for the better,” said Greg Resh, Executive Vice President and Chief Financial Officer of Sagamore Ventures. “There’s an excitement CFG Bank has fueled at Baltimore Peninsula that you can feel from the moment you arrive. From waterfront residential options, dining destinations, and inspirational business headquarters, we are pleased to continue to offer our residents, the workers at Baltimore Peninsula, and visitors an eclectic mix of the best the city has to offer.”

In conjunction with the opening, CFG has expanded its robust employee benefits package to include employer-paid childcare and pet daycare. CFG has also partnered with Live Baltimore’s Live Near Your Work Program to make homeownership in Baltimore City more accessible for team members. Through the Program, eligible team members can receive up to $7,500 toward a down payment and closing costs for homes in and around Baltimore Peninsula. CFG employees have already utilized the Live Near Your Work Program and moved into Baltimore City.

This announcement follows an exciting year of growth and accomplishments for CFG, including the successful completion of a $160 million capital raise; being named one of the Best Places to Work by Baltimore Business Journal for the third consecutive year; the successful opening of CFG Bank Arena; the closing of over $2.0 billion in loans for its healthcare, multifamily, and commercial clients; and maintaining its position as the largest bank headquartered in Baltimore.

CFG’s office will also serve as headquarters for locally based, national nonprofit Dwyer Workforce Development. CFG CEO Jack Dwyer and his family founded Dwyer Workforce Development in 2021. The 501(c)(3) nonprofit is led by CEO Barb Clapp.

About CFG Bank 
CFG Bank, headquartered in Baltimore, Maryland, provides flexible financing and online banking solutions to the national healthcare and multifamily markets and the Mid-Atlantic region. CFG Bank is the 6th largest bank in the Baltimore area based on deposits and the largest that is based in Baltimore. CFG Bank has grown from $1 billion in assets at the end of 2019 to over $5 billion in assets at the end of 2023 and is among the five largest and most experienced healthcare bridge-to-HUD lenders in the country, serving its clients and helping them grow for over 30 years. CFG Bank transforms the banking experience by delivering big bank capabilities and expertise, coupled with relationship-driven boutique bank service. CFG Bank has branches in Lutherville and Baltimore City, and a cashless branch in Annapolis. For more information, visit www.CFG.bank, and follow CFG Bank on LinkedIn, Facebook, Instagram, and X.

About Baltimore Peninsula
Baltimore Peninsula is a 235-acre redevelopment project located on Baltimore City’s prime waterfront, featuring investments from Sagamore Ventures and the Urban Investment Group within Goldman Sachs Asset Management. As one of the largest urban revitalization efforts in the United States, Baltimore Peninsula will have a fundamental and far-reaching impact on Baltimore’s future. At completion, this transformative project will include: up to 14 million square feet of new, mixed-use development; 2.5 miles of restored waterfront; and 40 acres of parks and green space. The Baltimore Peninsula redevelopment is expected to generate fresh opportunities for innovation and entrepreneurship for Baltimore City residents and its local workforce. For more information on Baltimore Peninsula, visit baltimorepeninsula.com or visit on Instagram, Facebook and X.

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