PNC Bank recently announced it plans to open more than 370 new locations by 2031.
The company is investing approximately $2.5 billion in this initiative and plans to open 60 branches annually starting next year. The company also will renovate its existing locations.
Expansion is focused on markets with strong long-term growth potential. Many of the locations are in the Southeast, strengthen the bank’s presence in the region. New locations include:
- Greenville, S.C.: 12 branches
- Charleston, S.C.: nine branches
- Columbia, SC..: nine branches
- Myrtle Beach, S.C.: five branches
- Spartanburg, S.C.: four branches
- Hilton Head, S.C.: three branches
- Savannah, Ga.: six branches
- Augusta, Ga.: five branches
“We’re excited about expanding our presence across the Southeast and bringing our capabilities to more of the country’s fastest growing markets,” Jim Hansen, PNC Southeast territory executive, said. “With the addition of 50 more branches in South Carolina and Georgia, this next phase of our expansion will enable our team to meaningfully contribute to the region’s growth, serve local clients and create impact for communities.”
Since announcing its original expansion strategy, PNC has opened more than 70 branches.
In addition to expansion, the company has been introducing more digital capabilities including a new PNC mobile app.