Deutsche Bank on Tuesday announced that it will freeze plans to create 250 jobs at its Cary location due to North Carolina’s new discrimination law, House Bill 2.

The announcement on the company’s website said the statewide legislation “invalidated existing protections of the rights of lesbian, gay, bisexual and transgender fellow citizens in some municipalities and prevents municipalities from adopting such protections in the future.”

House Bill 2, which was signed into law last month after a one-day special legislative session, prohibits transgender people from using public bathrooms that align with their gender identity, excludes gays, lesbians and transgenders from discrimination protection in employment and public accommodations and bars cities and counties from extending such protection to them.

Currently, Deutsche Bank employs 900 people at its software application development center in Cary. In September 2015, the bank announced its plan to add the 250 jobs through 2017 and invest $9 million there through the end of this year. North Carolina agreed to provide about $3.3 million in incentives for the expansion.

In a statement, Deutsche Bank’s Co-Chief Executive Officer John Cryan said, “We take our commitment to building inclusive work environments seriously. We’re proud of our operations and employees in Cary and regret that as a result of this legislation we are unwilling to include North Carolina in our US expansion plans for now. We very much hope that we can re-visit our plans to grow this location in the near future.”


Web Editors: Evan Matsumoto, Matthew Burns