PNC to Add 300 Branches by 2030, Building Coast-to-Coast Franchise

Core Viewpoint - PNC Bank is expanding its branch network significantly, planning to open a total of 300 new branches by 2030, with a total investment of $2 billion across nearly 20 markets in the U.S. [2][6] Group 1: Expansion Plans - PNC Bank has increased its planned new branch openings from 200 to 300, adding 100 new branches to its previous announcement [2][4] - The bank aims to hire 2,000 new employees by 2030 to support this expansion [2] - The new branches will be located in major markets including Chicago, Nashville, and several cities in the Southeast [3][4] Group 2: Investment and Renovation - PNC is investing a total of $2 billion in new branches, with previous announcements indicating investments of $1 billion and $1.5 billion for earlier phases of expansion and renovation [2][5] - The bank plans to renovate its entire existing branch network by 2029, which includes 1,200 existing branches [2][4] Group 3: Current Network and Future Goals - PNC currently operates 2,200 branches, making it the fourth largest branch network in the U.S. [3] - The expansion reflects PNC's commitment to building a national franchise and enhancing community engagement through its branches [6]