(TNS) — PNC Bank announced sweeping expansions to its services on Wednesday, including plans to add more than 100 new branches and renovate more than 1,200 existing locations in the next four years.
The Downtown-based financial giant is investing about $1 billion to extend access to banking services for communities nationwide.
The company is targeting several major cities for new branches, including Austin, Dallas, Houston, San Antonio, Denver and Miami, among others, to more effectively build a coast-to-coast branch network.
“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.”
Locally, PNC is renovating its Shadyside branch and planning a new build at 161 South St. Clair St. in the East Liberty. A company spokesperson said that “while we can’t provide a specific number of additional renovations in Pittsburgh, we can confirm that PNC branches in the market will be among those on the list.”
The company said the new East Liberty build will be a relocation as the bank consolidates branches in nearby Bakery Square and Bloomfield.
“PNC recognizes that branches play a key role in how we provide solutions to our clients alongside our other channels. That’s why we continually study customer and prospect transaction patterns to determine how we can most effectively meet the needs of our communities,” the company said in a statement. “Specifically in Pittsburgh, we’ve opened four new branches since 2020 (East Liberty will be the fifth) and renovated many more across the region.”
Currently, PNC has about 2,300 brick-and-mortar locations across the nation, with 60,000 ATMs nationwide. The newly announced investment will boost its footprint by about 4%. As of last week, PNC is the sixth-largest bank in the country, with more than $550 billion in total assets, according to Forbes.
PNC’s offerings include individualized banking services, a range of lending services, real estate financing and wealth management, among others.
“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,” Overstrom said.