PNC Financial Services Group in Pittsburgh plans to invest $1 billion over the next five years to open more than 100 branches and renovate another 1,200 locations.
The $562 billion-asset company said in a press release that it will focus on several markets, including Dallas, Denver, Houston, Miami and San Antonio.
“Our branch network is the heartbeat of our Retail business, offering friendly and convenient service to the millions of customers who step through our doors every single month,” Alex Overstrom, head of PNC retail banking, said in the release.
“Whether to finance a home, deposit a check, or save for retirement, our customers count on our 15,000 branch team members to support their holistic financial needs,” Overstrom added. “By investing in our network, we are supporting our customers, our team members, and the communities where we live and work.”
PNC has about 2,300 branches nationwide.