PNC Bank's Billion-Dollar Branch Expansion: Why Physical Banking Persists
Update: 2025-11-08
Description
Despite the digital banking boom, major US lenders like PNC are expanding their physical branch networks. PNC, for instance, is investing $2 billion to open new branches in nearly 20 markets, including Nashville, Chicago, and Sarasota. This move aims to strengthen deposit base, build customer trust, and attract small business clients. PNC plans to complete the renovation of its entire branch network by 2029 and hire over 2,000 new employees.
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