On February 14, Pittsburgh, Pennsylvania-based PNC Bank announced a significant expansion of its branch network over the next five years, including new Texas locations in Austin, Dallas, Houston and San Antonio. The approximate $1 billion investment will lead to more than 100 new locations across the nation and renovation of more than 1,200 existing locations through 2028. The bank currently operates approximately 2,300 brick-and-mortar locations across the country, which includes approximately 318 branches in Texas, according to S&P Global Intelligence.
“When PNC Bank announced its plans to open an operations center in New Braunfels [in September 2019], the bank had only two Texas branches—in Fort Worth and Plano… Today, it has more than 20 branches in the San Antonio area,” according to the San Antonio Express-News.
The Houston Chronicle reports that the bank, which currently operates 78 locations in the Houston region, has plans to open an additional 15 branches in the area under the new investment. In the Dallas/Fort Worth metroplex, the Dallas Business Journal reports that PNC Bank has plans for 17 new branches there over the next five years, expanding its current count of 95 locations.
In 2021, PNC Financial Services Group Inc. completed its acquisition of Houston-based BBVA USA Bancshares Inc. and its U.S. banking unit, BBVA USA. The acquisition made PNC Bank the fifth-largest U.S. commercial banking organization with more than $560 billion in assets and a coast-to-coast national franchise.
“Our branch network is the heartbeat of our retail business,” says Alex Overstrom, head of PNC retail banking.
The news of PNC Bank’s branch expansion plans comes on the heels of JPMorgan Chase & Co.’s announcement on February 6 that it will open 500 new branches and renovate 1,700 locations nationwide by 2027. Chase Bank’s expansion will include 15 new Texas branches.
Established in 1864, PNC Bank NA is a member of the PNC Financial Services Group Inc.
