PNC Bank on Skyland Boulevard Among 32 Branches Closing Across 10 States
The Skyland Boulevard branch of PNC Bank will soon shut its doors, apart of a corporation-wide closure which will affect 32 branches across 10 states.
The news, first reported locally by the Birmingham Business Journal, was posted in a weekly bulletin from the U.S. Office of the Comptroller of the Currency last week.
The closure will mostly impact Maryland and Virginia, which will see six closures each. Alabama, Pennsylvania and Texas will each see four closures.
The Tuscaloosa location will close next year, along with branches in Birmingham, Montgomery and Prichard.
The BBJ said the banking industry consolidation has escalated over the past decade as more consumers banked online instead of primarily through branch visits, a trend that only increased during the COVID-19 pandemic.
"PNC recognizes that branches continue to play an important role for many customers when it comes to conducting certain transactions and holding important in-person financial conversations with our banking experts," a PNC spokeswoman said in a statement published by the BBJ.
The spokeswoman stated the corporation routinely evaluates the branch network, along with the bank's other forms of banking, to determine if they are effectively meeting customers needs.
"These evaluations are complex and incorporate a number of different factors that inform our decisions about moving forward with branch consolidations," the spokeswoman said.
Read the full story from the Birmingham Business Journal here.