PNC to Invest $1B in New Branches, Renovations

PITTSBURGH, Pa. – PNC Bank announced Wednesday that it will invest approximately $1 billion to open more than 100 new locations and renovate more than 1,200 existing locations through 2028.

PNC will build and open new branches in key locations, including Austin, Dallas, Denver, Houston, Miami and San Antonio, among others. Renovations will take place at existing locations across the country to create a better customer experience when conducting transactions or meeting with bankers to discuss financial goals, a news release states.

“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.

Published by The Business Journal, Youngstown, Ohio.