PNC Bank Announces $1 Billion Expansion & Renovation Plan

PITTSBURGH, PA — Pittsburgh-based PNC Bank announced on Wednesday it will invest approximately $1 billion to open more than 100 new locations nationwide and renovate more than 1,200 existing ones through 2028.

PNC said it will build and open new branches in key locations, including Austin, Dallas, Denver, Houston, Miami, and San Antonio, among others. The bank said it also is renovating existing locations across the country to create a better customer experience.

"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 news release.

"By investing in our network, we are supporting our customers, our team members, and the communities where we live and work."

PNC currently has approximately 2,300 brick-and-mortar locations across the country. In addition, the bank serves customers through more than 60,000 PNC and partner ATMs nationwide as well as through online and mobile banking platforms and its customer care center.