PNC Bank, a subsidiary of PNC Financial Services Group, has unveiled its expansion plans to open more than 300 new branches across nearly 20 US markets by 2030. 

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 the country. 

“It’s about making PNC the most convenient bank in each of these markets, ensuring we can meet people where they are and help them thrive.” 

In Nashville, PNC intends to add around 35 new locations, building on its presence since entering the city in 2018. 

It will add 40 branches in six other Southeast cities, including Fort Myers, Lakeland, Sarasota, Asheville, Winston-Salem, and Wilmington, North Carolina. 

The bank will increase its footprint in Chicago with around 25 new branches, supplementing its existing 113 locations in the area. 

The branch count is expected to further grow with the pending $4.1bn acquisition of FirstBank, strengthening PNC’s position as a retail bank in Denver and Phoenix. 

Tennessee PNC regional president Mike Johnson said: “We’re excited to grow our footprint in Nashville, a city celebrated for its music, innovation and entrepreneurial spirit. 

“The additional branches strengthen our ability to provide valuable resources and expertise, reflecting our commitment to supporting the region’s dynamic economy and vibrant communities. 

“Through continued local investment, PNC is creating more opportunities to deliver tailored financial guidance, innovative solutions and expanded access to resources that help individuals, families, and businesses thrive.” 

PNC Bank operates the fourth-largest branch network in the US, with more than 2,200 branches nationwide. 

The bank also provides services through more than 58,000 PNC and partner ATMs, digital banking platforms, and a customer care centre. 

Additionally, PNC runs 22 mobile branches in partnership with community organisations to expand banking access to low- and moderate-income communities and support areas affected by natural disasters. 

PNC Midwest territory executive and regional president of Illinois, Scott Swanson, said: “We’re proud to announce the expansion of our branch network—underscoring our strong commitment to Chicago and its diverse neighbourhoods, from the Loop to the lakefront and beyond. 

“This investment strengthens our connection to the city’s vibrant communities and thriving business districts, creating more opportunities to deliver trusted financial guidance, personalised service, and expanded access to resources that help Chicagoans and their families succeed. 

“As a city built on resilience and innovation, Chicago inspires us to keep investing in its future.”