Pittsburgh-based PNC Bank has made a nearly $1 billion investment in its branch network to open more than 100 new locations, including 17 in North Texas.
The bank said the plan is aimed at extending access to banking services and financial expertise for customers and communities across the country. It also includes renovating more than 1,200 existing locations through 2028.
“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,” Alex Overstrom, head of PNC Retail Banking, said 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.”
With the investment, PNC said it will build and open new branches in key locations, including North Texas, Houston, Austin, San Antonio, Denver, and Miami, among others.
PNC currently has about 2,300 brick-and-mortar locations across the country.
“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. “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.”
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