PNC Financial Services Group Inc. said it will spend $500 million more than originally planned to double its branch expansion and renovate more of its existing bank locations. The Pittsburgh-based lender plans to add 100-plus branches in cities including ...

The PNC Financial Services Group, Inc. PNC remains well-poised for growth on the back of balance sheet strength and strategic growth initiatives. Furthermore, the recent rate cut by the Federal Reserve is expected to bolster its net interest income (NII) growth. However, a mounting expense base and concentrated loan portfolio remain woes.

PNC Bank plans to open 10 new branches in the Valley over the next five years as part of the Pittsburgh-based financial institution’s national expansion in six states. PNC Bank plans to open 10 new branches in the Valley over the next five years as part of the Pittsburgh-based financial institution’s national expansion.

The Pittsburgh-based superregional bank plans to build more than 200 new branches in 12 states by 2029, twice the number it announced in February, in a bid to increase scale.

PNC Bank said on Friday it will increase its investment in branch expansion by an additional $500 million to open over 100 new locations and renovate 200 existing ones, doubling down on efforts to reach customers through physical locations.

PNC Bank (NYSE:PNC) will spend $500M to open more than 100 new branches and renovate 200 more existing sites, doubling its branch expansion plan announced in February, the company said on Friday. Today's announcement brings the bank's total investment to ~$1.