In a strategic move, the majority of these closures will be concentrated in Pennsylvania, signaling a significant shift in the popular bank’s operational landscape.
PNC Financial Services Group has submitted regulatory applications for the closure of 19 branches spread across various states at the onset of 2024
On February 16, branches in Illinois (four), Texas (three), Alabama (two), and one each in New Jersey, Ohio, Florida, and Indiana will cease operations. This follows the recent closure of the Strasburg, Pennsylvania branch on November 17, where customers can still utilize an adjacent ATM for cash transactions.
PNC Financial Services Group had previously disclosed plans to shutter 29 branches in October, including the Strasburg location. This strategic maneuver aligns with PNC Financial Services Group‘s earlier announcement of closing a total of 127 branches in response to the changing dynamics of banking, where online transactions are on the rise while foot traffic declines.
The bank’s assets from these closures were seamlessly transferred to nearby facilities
A spokesperson emphasized the bank’s commitment to adapting to evolving customer needs, stating, “We will continue to invest in and optimize our branch network alongside our other core banking channels to serve our guests in the most effective way we can.” The U.S. Sun has reached out to PNC Financial Services Group for further comments on this transformative strategy.
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