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PNC Financial Services Group (PNC) in Pittsburgh has agreed to pay $89 million to Freddie Mac in order to resolve repurchase obligations on loans sold to the government-sponsored entity.
December 6 -
A new report from Celent finds that many banks plan to expand their branch networks over the next few years even though all the evidence suggests that foot traffic is declining and that most transactions are now conducted online.
May 9 -
A branch is no longer just a "full-service thing" but a wide range of service points that include bare-bones express locations and the smartphone in your pocket, Bank of America CEO Brian Moynihan said this week.
November 14
PNC Financial Services Group (PNC) will marginally shrink its branch network next year.
The $298 billion-asset company will continue with its recent pattern of opening smaller branches in desired markets and closing some larger, traditional branches, resulting in roughly 25 net closures, PNC spokesman Fred Solomon said Wednesday.
Roughly 90% of the PNC branches are traditional branches and Chief Executive William Demchak said at an investor conference this week that his goal is to
PNC's plans were first reported in the Pittsburgh Business Times.
Pittsburgh-based PNC has 2,969 offices throughout the United States, according to data from the Federal Deposit Insurance Corp.
