PNC Bank is expanding its branch network nationwide, committing $2 billion to open more than 300 new branches by 2030, with several planned across Florida’s fastest-growing communities, including Tampa, Sarasota and Lakeland.
The new commitment increases PNC’s previous expansion target by 100 locations, reinforcing its strategy to grow in both established and emerging markets.
The bank also plans to renovate its entire branch network by 2029 and hire more than 2,000 new employees nationwide to support retail growth.
SIGN UP FOR TBBW’S FREE NEWSLETTER
“Our branches serve as vital community hubs where trusted relationships are built and financial aspirations made real,” said Alex Overstrom, head of retail banking at PNC. “The build-out of these 300 new branches allows us to deliver our unique blend of hospitality and financial advice to more clients in more neighborhoods across the country.”
Growth across the Southeast
As part of the expansion, PNC will add 35 new branches in Nashville and 40 additional locations across six Southeast cities, including Fort Myers, Lakeland, Sarasota, Asheville, Winston-Salem and Wilmington, North Carolina.
The bank’s regional strategy is focused on high-growth areas that combine strong population trends with expanding small-business markets. In Florida, those include the Tampa Bay region, where new residents and companies continue to drive demand for banking and lending services.
“The additional branches strengthen our ability to provide valuable resources and expertise, reflecting our commitment to supporting the region’s dynamic economy and vibrant communities,” said Mike D. Johnson, PNC regional president for Tennessee.
Expanding in major metros
PNC is also growing in Chicago, adding about 25 new branches to its existing 113 locations across the metro area. The company’s national strategy includes previously announced branch additions across Atlanta, Austin, Charlotte, Dallas, Houston, Miami, Orlando, Raleigh, San Antonio and Tampa.
READ: USF’s $750M Fletcher district gets green light
In addition, the bank’s pending acquisition of FirstBank will extend its retail presence to Denver and Phoenix, advancing its goal of becoming a coast-to-coast financial institution.
A growing presence in Florida
Florida remains one of PNC’s most important markets, with continued investment planned in both urban and suburban areas. The bank’s growing footprint in Tampa, Sarasota and Lakeland reflects its focus on consumer and business banking in fast-growing regions along the Gulf Coast.
PNC operates more than 2,200 branches nationwide and more than 58,000 ATMs through its network and partners. It also runs 22 mobile branches that work with community organizations to expand banking access in low- and moderate-income areas and deliver services to communities affected by natural disasters.
Why it matters for Tampa Bay
The expansion brings new investment and job opportunities to the Gulf Coast as PNC broadens its service network in key Florida markets. The bank’s strategy signals confidence in Tampa Bay’s continued population growth and its position as a hub for business formation, commercial lending and private wealth management.
Stay Connected