Plans to open more than 100 new branches,
renovate more than 1,200 existing locations
PITTSBURGH, Feb. 14,
2024 /PRNewswire/ -- PNC Bank announced today a
significant investment in its branch network aimed at extending
access to banking services and financial expertise for customers
and communities across the country. The plan includes an
approximate $1 billion investment to
open more than 100 new locations and renovate more than 1,200
existing locations through 2028.
Through this investment, PNC will build and open new branches in
key locations, including Austin,
Dallas, Denver, Houston, Miami, and San
Antonio, among others, improving the convenience and reach
of its coast-to-coast branch network. In addition to building new
branches, the bank is renovating existing locations across the
country to create a better customer experience when conducting
transactions or meeting with bankers to discuss financial
goals.
"Our branch network is the heartbeat of our Retail business,
offering friendly and convenient service to the millions of
customers who step through our doors every single month," said
Alex Overstrom, head of PNC Retail
Banking. "Whether to finance a home, deposit a check, or save for
retirement, our customers count on our 15,000 branch team members
to support their holistic financial needs. By investing in our
network, we are supporting our customers, our team members, and the
communities where we live and work."
PNC currently has approximately 2,300 brick-and-mortar locations
across the country. In addition, the bank serves customers through
more than 60,000 PNC and partner ATMs nationwide as well as through
online and mobile banking platforms and its customer care
center.
"As one of the largest retail banks in the United States, our vast branch network,
alongside our other core banking channels, plays a key role in how
we serve and provide solutions to our customers across the
country," said Overstrom. "Today's announcement further underscores
our commitment to continuously invest in our branch network to
effectively meet the needs of our customers in an evolving
financial landscape."
PNC Bank, N.A., is a member of The PNC Financial Services Group,
Inc. (NYSE: PNC). PNC is one of the largest diversified financial
services institutions in the United
States, organized around its customers and communities for
strong relationships and local delivery of retail and business
banking including a full range of lending products; specialized
services for corporations and government entities, including
corporate banking, real estate finance and asset-based lending;
wealth management and asset management. For information about PNC,
visit www.pnc.com.
CONTACT:
Connor Peoples
(412) 645-6234
connor.peoples@pnc.com
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SOURCE PNC Bank