Popular bank closing half-dozen branches (locations revealed)

Core Insights - The Covid-19 pandemic has significantly transformed consumer behavior, leading to a decline in the importance of physical retail and banking locations as customers increasingly prefer online services [1][4]. Industry Trends - The banking sector is experiencing a major shift towards digital banking, prompting banks like PNC to close branches and redesign remaining locations to include more automation and comfortable waiting areas [3][4]. - The number of U.S. commercial banks has decreased by nearly 50% from 2000 to 2020, as smaller institutions struggle against larger, technology-enabled competitors [6]. Company Specifics - PNC Bank is closing several branches as part of its strategy to adapt to changing consumer preferences and enhance its digital footprint [3][4]. - As of Q3 2025, PNC Bank has total assets of $568.8 billion and operates approximately 2,200 branches with a workforce of 54,938 employees [9].