What’s happening?
The Pennsylvania-based bank is investing about $1 billion in opening more than 100 new branches across the U.S. and renovating more than 1,200 existing locations through 2028. The plan includes opening new branches in North Texas, Houston, Austin and San Antonio, according to the news release.
Officials are still finalizing exact locations for new branches in North Texas, Cari Hensley, regional communications vice president, said in an email. Some existing North Texas branches will be renovated as part of the investment plan.
Quote of note
“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, in a statement. “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.”
Zooming out
PNC bank operates more than 2,000 brick-and-mortar branches across the U.S including 328 locations in Texas, according to its website. The bank has locations in several north Texas cities including Frisco, Flower Mound, Plano and more.
