PITTSBURGH — PNC Bank (NYSE: PNC) plans to open more than 300 new retail bank branches by 2030, adding about 100 new branches to its earlier plan, which was announced last November. The new announcement brings PNC’s total investment in growing its retail footprint to approximately $2 billion.
The latest branch expansion plan calls for new locations in markets including Nashville, Sarasota, Fla., Winston-Salem, N.C., and Chicago to extend PNC’s expansion efforts to nearly 20 markets across the United States.
“The build-out of these 300 new branches allows us to deliver our unique blend of hospitality and financial advice to more clients in more neighborhoods across the country,” says Alex Overstrom, head of retail banking at PNC. “It’s about making PNC the most convenient bank in each of these markets, ensuring we can meet people where they are and help them thrive.”
As part of the investment, PNC will add 35 new branches in Nashville, along with 40 more branches across the Southeast. The cities consist of Fort Meyers, Lakeland and Sarasota in Florida, as well as Asheville, Winston-Salem and Wilmington in North Carolina.
“The additional branches strengthen our ability to provide valuable resources and expertise, reflecting our commitment to supporting the region’s dynamic economy and vibrant communities,” says Mike Johnson, PNC regional president for Tennessee.
PNC is also significantly increasing its presence in Chicago, adding approximately 25 branches to its existing 113 locations across the market. According to company representatives, this investment “reinforces PNC’s commitment to Chicago as a key growth market, allowing the bank to continue to meet the strong local demand for its services, as well as enhancing customer convenience.”
In last year’s announcement, PNC committed to building 200 new branches in Sun Belt markets including Atlanta, Austin, Charlotte, Dallas, Houston, Miami, Orlando, Raleigh, San Antonio and Tampa.
In addition to the creation of new branches, PNC’s $4.1 billion acquisition of FirstBank announced in September is expected to close in early 2026, which will add an additional 95 retail branches in Colorado and Arizona to PNC’s network.
In total, PNC plans to hire roughly 2,000 new employees in support of the bank’s planned expansion. PNC also confirmed the renovation of its entire network of retail branches that will be completed by 2029.
Pittsburgh-based PNC Bank is a member of The PNC Financial Services Group Inc. PNC bank currently has approximately 2,200 branches locations across the country, in addition to 58,000 PNC and partner ATMs.
PNC’s stock price closed on Thursday, Nov. 6 at $182.92 per share, down from $203.21 a year ago, a nearly 10 percent decline.
— Abby Cox