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PNC to cut 105 branches by mid-year

PITTSBURGH — Pittsburgh’s biggest bank is on track to shutter more than 100 branches by the end of June. That means it will likely outpace 2021 when it wound up with 109 net closures, the seventh-highest in the country.

It may also slip to a new low locally before 2022 closes, erasing a 150% branch increase through a big acquisition more than a decade ago.

PNC Financial Services Group Inc. is cutting another 10 branches, according to a new regulatory filing. While the Pittsburgh metro is spared this time, previously announced closures have the region set to shed half a dozen, possibly taking PNC’s local total below 100 — its lowest number of branches here in 13 years — at some point in 2022.

Click here to read more from the Pittsburgh Business Times.