PITTSBURGH, Pa. – PNC announced Friday it will open more than 300 new branches by 2030, adding 100 new branches to the expansion plans announced last November and increasing its total branch investment to approximately $2 billion.
The additional branches, in markets including Nashville, Tenn.; Chicago, Ill.; Sarasota, Fla.; and Winston-Salem, N.C., extend PNC’s expansion efforts to nearly 20 markets across the United States. PNC also reaffirmed its plan to complete the renovation of 100% of its branch network by 2029. In total, by 2030 PNC also plans to hire more than 2,000 new employees in support of the bank’s retail expansion efforts.
“At PNC, we know the importance of building deep local connections. Our branches serve as vital community hubs where trusted relationships are built and financial aspirations made real,” said Alex Overstrom, head of retail banking at PNC. “The build-out of these 300 new branches allows us to deliver our unique blend of hospitality and financial advice to more clients in more neighborhoods across the country. It’s about making PNC the most convenient bank in each of these markets, ensuring we can meet people where they are and help them thrive.”