PNC Bank Plans 370 New Branches by 2031
The expansion targets high-growth Southeast markets and pairs new physical locations with expanded digital banking capabilities.
Updated on Nov. 6, 2026 in Openings & Closings
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PNC Bank plans to open more than 370 new branches by 2031 and to hire 2,400 employees for the expansion. The company has already opened more than 70 branches since announcing its original expansion strategy.
Why it matters
The expansion reflects PNC's effort to grow its physical footprint in fast-growing Southeast markets while continuing to invest in digital banking. The company cites strong demand for the hospitality and personalized service its bankers provide and strong results from earlier expansion markets.
PNC plans roughly $2.5 billion in investment and 60 new branches per year starting in 2027, against more than 70 branches already opened under its original strategy. The company has not addressed how the planned 2,400 hires will be allocated across markets.
The players
PNC Bank
PNC Bank is a major U.S. regional bank headquartered in Pittsburgh, Pennsylvania, offering retail and commercial banking services across multiple states.
The details
PNC is concentrating new branches in Southeast markets including Greenville, Charleston, Columbia, Myrtle Beach, Spartanburg, Hilton Head, Savannah, and Augusta, with the largest planned share in Greenville. The company is also renovating existing locations across all markets and rolled out a new mobile app to all clients nationwide.
Timeline
2027: PNC begins opening 60 branches per year.
2031: PNC targets completion of more than 370 new branches.
Market Landscape
PNC's plan follows its earlier expansion strategy, under which it has already opened more than 70 branches in targeted growth markets. The move positions the bank to compete more directly for deposits and customers in fast-growing Southeast metros.
Customers in the Southeast markets named in the plan may see new PNC branch options nearby in the coming years. The source does not describe changes to pricing, account terms, or fees.
The takeaway
PNC's expansion signals that physical branches still play a central role in bank growth, even as digital usage rises. Readers in targeted Southeast markets should watch for new locations opening on the announced schedule.
What happens next
PNC is scheduled to begin opening 60 branches per year starting in 2027, with its 370-branch target set for 2031.
Further reading
For related coverage, see Openings & Closings in the business section.
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