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Stock impact report

PNC Bank to open more than 300 new branches by 2030 [Yahoo! Finance]

PNC Financial Services Group, Inc. (The) (PNC) 
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am Check Earnings Report
Company Research Source: Yahoo! Finance
This move will add 100 new branches to its previous commitment, announced in November 2024, and raising its total investment to around $2bn. The previous announcement included plans for new branch openings in Atlanta, Austin, Charlotte, Dallas, Houston, Miami, Orlando, Raleigh, San Antonio, and Tampa. As part of the expansion, the bank intends to open new branches in Nashville, Chicago, Sarasota, and Winston-Salem markets. Also, PNC restated its objective to renovate its entire branch network by 2029 and plans to hire more than 2,000 new employees to support its retail expansion strategy. PNC retail banking head Alex Overstrom said: “At PNC, we know the importance of building deep local connections. Our branches serve as vital community hubs where trusted relationships are built and financial aspirations made real. “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 neighbourhoods across Show less Read more
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