"Charlotte stood out as a location where we had a unique opportunity to invest by establishing a formal presence," said Edward Skyler, Citi's head of enterprise services & public affairs. The average salary for the new positions is projected to be $131,832, according to the official release.

Citigroup could earn nearly $9 million in tax incentives from the state of North Carolina over the next decade as the bank looks to hire more than 500 employees in Charlotte — one of the country's banking meccas.

Citigroup (C) will invest $16.1M in an office facility in Charlotte, North Carolina, a move that will create 510 additional jobs, North Carolina Governor Josh Stein said in a statement on Tuesday.