Banking technology company Fiserv will move its corporate headquarters from Brookfield to downtown Milwaukee, according to an announcement today.

As part of its new headquarters project the company plans to add 250 jobs there over five years and make a $40 million investment “contingent upon incentives currently being considered by the Wisconsin Economic Development Corp. and the city of Milwaukee,” according to a news release. According to a source familiar with the deal, those 250 jobs will be new to the region and Fiserv, a Fortune 500 company, will eventually have 780 jobs at its new corporate headquarters in downtown Milwaukee.

“Our new world headquarters location will be a dynamic hub of collaboration and innovation, bringing our people together in an inspiring workplace to create opportunity for energizing and career growth experiences, as we lead the industry forward on behalf of our clients,” said Frank Bisignano, president, chairman and chief executive officer of Fiserv. “We look forward to being a force for good, as we create positive and meaningful impact and grow our presence in the increasingly vibrant downtown Milwaukee community.”

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