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PNC Bank Expands Branch Buildout to More Than 370, Will Build 60 Branches Per Year

  • PNC Bank announced a total expansion to more than 370 new locations by 2031, with over 70 branches already opened since its original strategy.
  • The bank plans to add more than 50 new branches in South Carolina & Georgia, bringing the total buildout markets to 28.
  • Additional plans include 10 new locations across Texas, Florida, & North Carolina, plus approximately 200 locations throughout Florida & North Carolina.
  • Specific South Carolina market additions include 12 branches in Greenville, 9 in Charleston, 9 in Columbia, 5 in Myrtle Beach, 4 in Spartanburg, & 3 in Hilton Head.
  • Specific Georgia market additions include 6 branches in Savannah & 5 in Augusta.
  • The expansion represents an approximately $2.5 billion investment, with a target of opening 60 branches per year starting in 2027.
  • PNC expects to hire 2,400 employees as part of this growth strategy while renovating existing locations.
  • The bank recently rolled out a new mobile app nationwide, which saw 9% year-over-year growth in active digital users in the third quarter.
  • The strategy focuses on high-growth markets including Atlanta, Nashville, Austin, Chicago, Dallas, Denver, Houston, Phoenix, & San Antonio.
Company
PNC Bank
Keywords
PNC Bank