SAN ANTONIO – PNC Bank‘s expansion plans have mushroomed.
The company is expanding its plan by adding 100 locations and approximately $500 million, as announced on Nov. 7. This will result in more than 300 new branches across the U.S. by 2030.
In San Antonio, all 10 branches announced in June remain on schedule, PNC officials told the San Antonio Business Journal on Monday. “PNC’s expansion in San Antonio reflects our long-term commitment to the region’s economic vitality,” said San Antonio Regional President Chris Sherman.
The first, a new storefront at 5518 N. Loop 1604, Suite 105, is set for a grand opening in January 2026, which will bring PNC’s local total to 23 branches.
“These new branches aren’t just places to bank, they’re hubs for financial education, small business support, and community engagement, Sherman said. “We’re proud to grow alongside the people and neighborhoods that make San Antonio thrive.”
The remaining nine San Antonio addresses will become public once PNC submits them to the Office of the Comptroller of the Currency, with filings expected in the coming weeks, Cari Hensley, PNC senior vice president and director of communications, said.
The accelerated growth brings PNC Bank’s (NYSE: PNC) total branch investment to nearly $2 billion, according to a press release. The bank also reaffirmed plans to renovate 100% of its existing 2,200-branch network by 2029 and hire more than 2,000 employees to support the expansion.
The expanded national footprint now includes eight additional markets: Nashville, Chicago, Sarasota, Florida, and Winston-Salem, North Carolina and four other Southeast cities.
PNC is also maintaining previously announced growth in Austin, Dallas, Houston and other Texas and Florida markets, plus pending entry into Denver and Phoenix via its acquisition of FirstBank.
PNC entered the San Antonio market in 2020 and grew its footprint after acquiring BBVA USA in 2021
Read more of this story at the San Antonio Business Journal website.
Editor’s note: This story was published through a partnership between KSAT and the San Antonio Business Journal.
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