PNC Bank announced it is increasing its branch investment by $500M to open more than 100 additional new branches and renovate 200 more existing locations across the country. These plans expand upon the 100 new locations and 1,200 branch renovations the company announced in February. Today’s announcement brings the bank’s total investment to approximately $1.5B to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period. In addition to building new branches as previously announced in Austin, Dallas, Denver, Houston, Miami, and San Antonio, PNC will now significantly expand its branch network throughout Atlanta, Charlotte, Orlando, Phoenix, Raleigh and Tampa. The bank also announced plans to meaningfully expand the number of new branches it will build in Miami. PNC Bank, is a member of The PNC Financial (PNC) Services Group.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PNC:
- PNC Bank cuts prime rate to 7.75%, effective November 8
- Clearfield elects Kate Kelly, Ademir Sarcevic to board of directors
- PNC Financial price target raised to $190 from $179 at Goldman Sachs
- PNC Financial price target raised to $180 from $177 at Morgan Stanley
- PNC Financial price target raised to $215 from $204 at Wells Fargo