PNC Bank set to close 47 branches across the US by end of June

PNC Bank will be closing 47 branches by the third week in June, according to recent filings with the U.S. Office of the Comptroller of the Currency (OCC).

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According to a March 25 weekly bulletin of regulatory filings, PNC Bank will shutter 47 branches across the country by June 23, a PNC spokesperson told Best Life.

According to the filings, 11 locations in Virginia will close, followed by seven in Texas, five in New Jersey and four in Alabama.

Three locations will close in Maryland and three in Florida, while Kentucky, Pennsylvania, Arizona, and Ohio are losing two PNC locations each. California, Colorado, Illinois, Michigan and North Carolina will lose one location each.

One other branch will close, but it is not included in the OCC list.

A PNC spokesperson told Best Life that the company decided to close the branches after regular evaluations of the company’s performance.

“PNC recognizes that branches continue to play an important role for many customers when it comes to conducting certain transactions and holding important in-person financial conversations with our banking experts, which is why we routinely evaluate our branch network, together with our other available methods of banking, to determine if we are most effectively meeting our customers’ needs,” the PNC spokesperson said.

“After a careful review of our business model, PNC’s strategic goals and the potential impact to our customers, the decision was made to close 47 branches on June 23, 2023. We remain committed to delivering on our purpose to move all forward financially, and we are confident that we can meet or exceed our customers’ needs at nearby branch locations, alongside other available methods of banking,” the spokesperson added.

Last summer, PNC Bank confirmed it would be closing 135 store-in-store locations this year. Those branches are located in Stop & Shop, Giant Food and ShopRite supermarkets.