Company increases branch investment by
$500 million with plans to build new
locations in 12 cities
PITTSBURGH, Nov. 8, 2024
/PRNewswire/ -- PNC Bank announced today it is increasing its
branch investment by $500 million to
open more than 100 additional new branches and renovate 200 more
existing locations across the country. These plans expand upon the
100 new locations and 1,200 branch renovations the company
announced in February. Today's announcement brings the bank's total
investment to approximately $1.5
billion to open more than 200 new branch locations in 12
cities across the U.S. over the next five years, while completing
the renovations of 1,400 existing branches during the same time
period.
In addition to building new branches as previously announced in
Austin, Dallas, Denver, Houston, Miami, and San
Antonio, PNC will now significantly expand its branch
network throughout Atlanta,
Charlotte, Orlando, Phoenix, Raleigh and Tampa. The bank also announced plans to
meaningfully expand the number of new branches it will build in
Miami. These new locations will
all be staffed with highly-skilled bankers that are available to
address clients' unique financial needs and provide solutions that
help them achieve their financial goals.
"We fully understand that our branches play a crucial role in
how we provide solutions and financial advice to the millions of
clients that walk through our doors each month," said Alex Overstrom, head of Retail Banking, PNC
Bank. "Building on the scale of our current platform, today's
announcement further underscores our commitment to continuously
invest in our branch network and empower our clients with
convenient, in-person access to local financial experts."
PNC Bank has the fourth largest branch network in the United States with more than 2,200
branches across the country. In addition, the bank serves clients
through more than 60,000 PNC and partner ATMs nationwide as well as
through online and mobile banking platforms and its customer care
center. The company also has 22 mobile branches that partner with
community organizations to expand banking access to
low-and-moderate-income communities and provide services to areas
devastated by natural disasters.
"While we offer our clients a variety of different ways to
interact with us, our branches continue to be the heartbeat of our
Retail franchise," said Overstrom. "We're beyond excited about this
plan to create greater access to PNC in these important markets and
ultimately to play a role in improving the financial health of our
clients in the communities where our team members live and
work."
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