Print
Banking & Finance

PNC Announces Local Branch Consolidation

By Staff Reports, posted Apr 2, 2021
In an era when customers are transacting ever more of their banking business online or through mobile devices, bank branches are rethinking their physical presence in communities.
 
In January, PNC announced that it would reduce its bricks-and-mortar footprint in Wilmington with a consolidation that becomes effective April 16.
 
“We constantly evaluate our branches, together with our other available channels of banking, to ensure that they are most effectively meeting our customers’ needs,” spokeswoman Marcey Zwiebel said recently in a statement. “As a result of these evaluations, the decision was made to consolidate the 17th Street Branch located at 2015 S. 17th Street in Wilmington with the Oleander Branch, located at 3709 Oleander Dr. in Wilmington – approximately 1.35 miles away.”
 
PNC customers can bank through ATMs and other electronic means, and the pandemic only accelerated that trend away from in-person branch visits, Zwiebel added.
 
“Consider that approximately 77% of consumer customers used non-teller channels for the majority of their transactions during the fourth quarter of 2020. Additionally during the fourth quarter, deposit transactions via ATM and mobile channels were 66% of total deposit transactions. These shifts in the way customers are conducting their banking transactions are important inputs that inform our branch consolidation decisions.”
 
In addition to the Oleander Drive location, PNC maintains a branch at 2026 Eastwood Road.
Ico insights

INSIGHTS

SPONSORS' CONTENT
Mikeharrington carolinaretreats 2

How Vacation Rental Operations Have Changed

Mike Harrington - Carolina Retreats
Dallas headshot 300x300

There’s More To Business Than Money: Values-Based Goals

Dallas Romanowski - Cornerstone Business Advisors
Aaeaaqaaaaaaaaidaaaajdhiztrkodm0lte2yjetngrkmy1hotrmltawmdvlmwqyztmymw

Entrepreneurs Tap Into Answers With Givitas

Diane Durance - UNCW Center for Innovation and Entrepreneurship

Trending News

Transportation Officials Comment On Amtrak Plan Involving Wilmington

Christina Haley O'Neal - Apr 9, 2021

Convention Center Used For Mass Vaccination Site

Scott Nunn - Apr 9, 2021

This Year's Parade Of Homes Schedule Announced

Cece Nunn - Apr 9, 2021

Governor's Budget Proposes Funding For Area Education Projects, Attractions

Christina Haley O'Neal - Apr 8, 2021

Riegelwood FCU Merges With South Carolina Institution

Jenny Callison - Apr 8, 2021

In The Current Issue

Live Oak, NCino Defendants In Lawsuit

A former employee of Live Oak Bank and of Apiture LLC – a financial technology joint venture between Live Oak Bancshares and First Data Corp...


Truist Rolls Out Blended Branch On Military Cutoff

More than a year after the merger of BB&T and SunTrust banks was finalized creating Truist, the combined company is premiering its new blend...


Jones: Economy On Recovery Road

The Wilmington area economy is doing better than expected a year after the COVID-19 pandemic took a toll on many businesses across the regio...

Book On Business

The 2021 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

Trying to Grow a Business?
2020 Health Care Heroes
2020 WilmingtonBiz 100