Could 2023 be the year in which Pittsburgh’s biggest bank crosses the 300 mark for branch closures?
By mid-August, PNC will be 68 short of that benchmark with four months still to go.
PNC Financial Services Group Inc. (NYSE:PNC) plans to close another 29 sites, effective Aug. 18, according to regulatory filings that were confirmed on Wednesday by PNC.
Though locations in five states are impacted, two-thirds are in Maryland. None are in the Pittsburgh region, where PNC will have closed six sites and opened one by the end of June.
And 26 of the latest group on the chopping block are in-store locations, so PNC will be down to a handful of the 127 branches inside Giant Foods and Stop & Shop supermarkets it is shuttering this year.
The latest round takes cuts so far this year to 232, 59 of which will take place in the second half of 2023 with a third of the year left to go.
It is almost certainly a record for PNC by mid-August. As of March 31, PNC counted 2,400 branches nationwide.
Like most banks, PNC has seen customers migrate to phone and digital transactions over visits to brick and mortar offices for more than a decade. That preference accelerated during the early days of the Covid-19 pandemic when branch lobbies were closed or restricted for safety reasons. Yet customers still need and want branches. Banks continue to grapple to find the right mix. None has.
The unreliability of the USPS has forced me to pay most of my bills by phone. I got tired of paying late fees for bills I had paid by check through the mail early enough to not be late. Most businesses will forgive only one late fee per year the USPS exceeded that limit for me.
You should try online banking/bill pay. For most large companies that you may need to pay, the transactions are done electronically and promptly.
What’s wrong with paying by phone 10:02?
Probably nothing wrong with paying by phone, but if you would rather not, or for any that you can’t pay by phone, just saying you might want to try online.
get out of PNC while you still can!
The phone is MY bank also. I gave up on the postal service many many years ago.
I knew PNC was rip off long time ago. Deposit cash in that bank @ 9:am and they wouldnt post until 3 PM
so they could wait and see if you had any debts that would show up before deposit time to collect on over draft fees F>>>PNC worthless ass bank