PNC to Complement Branch Expansion With New Online Banking Platform

Core Insights - PNC Financial Service Group is set to launch a new online banking platform to enhance its digital services alongside expanding its physical branch network [1][2] - The new platform will be cloud-native and micro service-based, aimed at improving customer navigation and self-service capabilities [2][3] - PNC plans to open 200 new branches and renovate 1,400 existing branches over the next five years, an increase from previous plans of 100 new branches and 1,200 renovations [3][4] Expansion Plans - Currently, PNC operates over 2,200 branches and 60,000 ATMs, with ongoing efforts to expand in high-growth regions [4] - The bank is entering new markets, including Salt Lake City, and expanding in South Florida, Texas, Arizona, and Colorado [4] - The investment in new branches and technology is positioned as a strategy for organic growth rather than a response to past shortcomings [5]