PNC expands its US branch programme to more than 370 locations
US-based PNC Bank has enlarged its network investment programme to approximately 2.5 billion dollars, covering new branches and renovations. The programme now spans more than 370 new locations by 2031, including more than 70 already opened. South Carolina and Georgia gain new branches, alongside additions in previously announced markets. PNC plans annual openings of 60 branches from next year and 2,400 hires through the expansion.
Economics & Markets··Night
PNC adds branches across five states
US-based PNC Bank enlarged its branch-building programme with additional locations in South Carolina and Georgia, as well as Texas, Florida and North Carolina. The bank is extending an existing network expansion rather than starting a separate branch programme.[1], [2]
The programme covers more than 370 new locations by 2031, including more than 70 branches already opened since the original strategy was announced. Approximately 2.5 billion dollars will fund both new branch construction and renovation of existing locations across its markets.[1]
Eight additional markets join the expansion
More than 50 new branches are planned for South Carolina and Georgia. Another 10 will be added across previously announced expansion markets in Texas, Florida and North Carolina. Eight additional markets bring the programme’s total to 28. Plans include 12 branches in Greenville and 9 each in Charleston and Columbia, all in South Carolina.[1]
Annual openings and hiring are planned
PNC plans to open 60 branches a year from next year and hire 2,400 employees through the expansion. Its wider buildout includes approximately 200 locations in Florida and North Carolina, alongside targeted investments in Atlanta and Nashville.[1]
Branch distribution and sales management head Jeff Martinez said demand for in-person banking supported the expansion. PNC has also rolled out a new mobile application nationwide and reported 9 per cent year-on-year growth in active digital users in the third quarter.[1]
