Type to search

Banking Commercial Real Estate News

Sallie Mae opens second Delaware location, plans to add 285 jobs

Avatar photo

Gov. John Carney, Sens. Tom Carper and Chris Coons, and Rep. Lisa Blunt Rochester yesterday joined Sallie Mae Chairman and CEO Raymond Quinlan for the ribbon cutting of the financial company’s second Delaware office.

The new office is located at 86 Christiana Road in New Castle and will host 500 jobs. The company maintains its headquarters in Newark, Delaware.

Sallie Mae invested $8.4 million into renovation, construction, technology and talent at the new location. The office will host credit services, fraud prevention and collections, and is expected to generate $28.3 million in annual salary and benefits

“Delaware has a lot to offer businesses looking to grow and thrive — from a talented and dedicated workforce, to an ideal location and quality of life that’s second to none,” said Carney. “Sallie Mae’s continued investment in our state reaffirms the fact that Delaware remains a great place for any company — large or small — to put down roots and create jobs.”

The 57,000-square-foot office features 515 workstations, conference rooms, training rooms, a fitness center, and a full-service cafeteria and break room.

The company has already moved 325 employees into the new facility, and it plans to add 285 new jobs by 2020.

“Sallie Mae is a growing consumer bank with strong, established roots here in Delaware, and we are looking forward to again drawing from the talented local workforce to continue the build-out of a best-in-class customer service operation,” Quinlan said. “It’s particularly gratifying to have the support of our governor, congressional delegation, and local leaders, and to see many seats already filled at this new facility. And there are more to come as we introduce new products tailored to meet the needs of graduate, professional, and medical students, and as we expand our business with additional offerings.”

Get the free DBT email newsletter  

Follow the people, companies and issues that matter most to business in Delaware.


You Might also Like

Leave a Comment

Your email address will not be published. Required fields are marked *

Premier Digital Partners

© 2024 Delaware Business Times

Flash Sale! Subscribe to Delaware Business Times and save 50%.

Limited time offer. New subscribers only.

Limited time offer. New subscribers only.


Subscribe to Delaware Business Times and save 50%