PRA Group Expands Operations with New Charlotte Office Hub
PRA Group, Inc. (NASDAQ: PRAA), a leading player in the acquisition and collection of nonperforming loans, is excited to announce the opening of a new office in the heart of Charlotte. This new location will begin operations in early February 2026, marking a significant milestone in the company's expansion strategy.
Strategic Expansion into a Growing Market
Located at One South, a prominent 40-story office tower situated at the bustling intersection of Trade and Tryon, this new office represents a strategic move by PRA Group into one of the nation’s most dynamic financial markets. Charlotte is known for its vibrant economy and established financial services sector, making it an ideal location for PRA Group's continued growth.
Why Charlotte?
Charlotte has been selected as a new talent hub for PRA Group due to several compelling reasons. The city boasts a robust talent pool in financial services, a high quality of life, strong historical economic growth, and convenient access to a major international airport. These attributes will allow PRA Group to attract and retain skilled professionals as it enhances its service offerings.
Building on a Legacy
Martin Sjolund, President and CEO of PRA Group, expressed enthusiasm about joining the Charlotte business community. He emphasized that the establishment of talent hubs fosters collaboration among cross-functional teams across the organization. “We are excited to join the Charlotte business community as we celebrate and build on 30 years as a trusted leader in the nonperforming loan industry,” Sjolund stated.
About PRA Group
As a global leader in the acquisition and collection of nonperforming loans, PRA Group, Inc. plays a vital role in returning capital to banks and creditors. This, in turn, helps expand financial services for consumers not only in the Americas but also across Europe and Australia. The company is dedicated to assisting its customers in resolving their debts, and this new office in Charlotte is set to enhance those efforts.
Company Culture and Values
PRA Group is committed to maintaining a positive work environment which encourages teamwork and innovation. With a diverse workforce and a focus on professional development, employees are equipped with the resources needed to thrive in their roles. This approach has cemented PRA Group’s reputation as a great place to work within the industry.
Contact Information
For more information or media inquiries about PRA Group, Allison Herman serves as the Manager of Public Relations and Strategic Communication. She can be reached at (757) 381-5205. Those interested in investor relations should contact Najim Mostamand, CFA, Vice President of Investor Relations, at (757) 431-7913.
Frequently Asked Questions
What is the purpose of the new office in Charlotte?
The new office will serve as a talent hub to support PRA Group’s expansion in acquiring and collecting nonperforming loans.
When will PRA Group's Charlotte office open?
The new office is set to begin operations in early February 2026.
What benefits will the Charlotte office bring to PRA Group?
The office will allow PRA Group to access skilled professionals, enhancing collaboration and operational efficiency.
What services does PRA Group provide?
PRA Group specializes in acquiring and collecting nonperforming loans, helping return capital to banks and creditors.
Who can I contact for media inquiries?
Allison Herman is the contact person for media inquiries at PRA Group. She can be reached at (757) 381-5205.
