GREENSBORO, N.C. -- NationsBank Corp. said it will build a 400,000-square-foot office building at a cost of $30 million for the building and land.

The building will allow consolidation of five bank functions in separate structures in Greensboro and make it possible for NationsBank to increase jobs in the five units by 50% during the next three years, the company said.

The facility will provide the space that Nationsbank needs to add about 640 jobs, increasing employment in the units to 1,940, the company said.

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