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PNC to Add 300 Branches by 2030, Building Coast-to-Coast Franchise
PYMNTS.com· 2025-11-07 17:50
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]
PNC broadens branch expansion plan to more than 300 by 2030
Reuters· 2025-11-07 13:57
Core Insights - PNC plans to open over 300 new branches by 2030, increasing its previous target by approximately 100 locations [1] Company Expansion - The expansion aims to enhance PNC's in-person banking presence [1]
Dime Announces Expansion In Manhattan With New Madison Avenue Branch
Globenewswire· 2025-09-26 12:30
Core Points - Dime Community Bancshares, Inc. has opened a new full-service branch in Manhattan after receiving all necessary regulatory approvals [1] - The new branch is located at 232 Madison Avenue and will be managed by Lisa Reardon, a former branch manager at The First National Bank of Long Island [1][2] - The company aims to strategically expand its physical presence in important markets, with a focus on capitalizing on market disruptions [2] Company Overview - Dime Community Bancshares, Inc. is the parent company of Dime Community Bank, which has over $14 billion in assets [3] - The bank holds the number one deposit market share among community banks in Greater Long Island [3][4]