Looks like Deutsch Bank is staying in New York City for the foreseeable future - and that's great news. 

Deutsche Bank announced plans to overhaul its U.S. headquarters at 60 Wall St. in lower Manhattan, with plans to knock out walls and open up space on the skyscraper’s middle floors. The bank, which has the entire 1.66 million square feet (154,000 square meters) of offices at 60 Wall St., has been examining what to do with the space ahead of a 2022 lease expiration.

The renovations will create “a more open and transparent environment for staff” of the company, Germany’s biggest bank and one of New York’s largest securities firms, according to a memo to employees. “The improvements will provide our teams access to work space better designed and adapted to modern business requirements.”

By removing walls and opening up floor space, Deutsche Bank will be emulating a style favored by technology tenants. Such companies, including Facebook and Alphabet’s Google, have dominated Manhattan office leasing in the years since the financial crisis, while banks and securities firms scaled back.

Deutsche Bank also plans to combine work spaces for its asset-management and wealth-management staffs at the company’s 345 Park Ave. offices, according to the memo.