PNC Announces $1 Billion Expansion Plan to Open New Branches and Renovate Existing Ones

The investment aims to enhance customer experience and expand PNC's presence, particularly in Texas and other high-growth markets.

PNC Financial Services Group plans to invest $1 billion in opening over 100 new branches and renovating more than 1,200 existing ones through 2028.
The expansion focuses on several major Texas cities, including Austin, Dallas, Houston, and San Antonio, as well as Denver and Miami.
This strategic move marks a shift from the industry trend of reducing branch numbers, signaling a renewed interest in physical banking locations.
The new and renovated branches will emphasize sales, complex servicing transactions, and wealth management, moving some digital capabilities back into the branch.
PNC's expansion is part of a broader trend among large banks to enhance their branch networks and improve the reach of their services.