The big picture
The move is part of the company’s plan to open more than 100 new locations in the U.S. by the same year, including in Austin, North Texas and San Antonio, according to a Feb. 14 news release from PNC. Additionally, the company will renovate more than 1,200 existing locations.
The $1 billion investment will add to the company’s roughly 2,300 brick-and-mortar branches countrywide, according to the release.
The context
PNC Bank locations offer various services, including retail and business banking, lending products, and wealth and asset management, according to the release.
Quote of note
“As one of the largest retail banks in the United States, our vast branch network, alongside our other core banking channels, plays a key role in how we serve and provide solutions to our customers across the country,” said Alex Overstrom, head of PNC Retail Banking, said in the release. “Today’s announcement further underscores our commitment to continuously invest in our branch network to effectively meet the needs of our customers in an evolving financial landscape.”
What’s next
A PNC Bank spokesperson said in an email the locations of the 15 Houston branches are still being finalized and will be shared at a later date.
- Opening through 2028
- www.pnc.com
