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PNC Plans to Double Tampa Bay Footprint
While a number of retail banks have closed neighborhood banking centers due to the increase in Internet banking, PNC plans to double its footprint in Tampa Bay with 20 new branches by 2029.
The Pittsburgh bank will open an additional 50 locations throughout Florida in the five-year, $500 million expansion plan. In total, PNC will invest $1.5 billion in its retail footprint.
“We fully understand that our branches play a crucial role in how we provide solutions and financial advice to the millions of clients that walk through our doors each month,” PNC’s Alex Overstrom said.
PNC, Tampa Bay’s 10th-largest bank by deposits, has been in this market since 2011 when it purchased BankAtlantic and its 19 local branches. In total, PNC has 180 branches throughout Florida.
PNC has the fourth largest branch network in the U.S., with more than 2,200 locations across the country.
- ◦Development
