PNC Closing Six Regional Branches: How Many and Where in Montgomery County?
Six PNC Bank branches are targeted for closure in the greater Philadelphia area. Jeff Blumenthal identified them, including two in Montgomery County, for the Philadelphia Business Journal.
The bank’s intentions to reduce locations came via Feb. 17 filings with the Office of the Comptroller of the Currency, the U.S. Treasury Department bureau charged with chartering, regulating, and supervising all national banks.
The six regional closures are a subset of 29 PNC Bank branches going dark, across the 27 states in which it conducts business.
Almost half the closures affect PNC’s presence in area supermarkets.
According to a recent article in The Financial Brand, grocery store-based banking is almost never successful. Although foot traffic is high, profitability becomes challenging when the most common transaction there is cashing a check.
The two PNC Banks branches closing in Montgomery County are located at:
- 2450 Chemical Road in Plymouth Meeting
- 760 Route 113 in Souderton
Both are in Giant supermarkets.
Others affect customers in New Jersey (3), and Philadelphia (1).
Details on PNC Bank branches that are closing are at the Philadelphia Business Journal.
A computer-animated look at bank-branch design for the interior of a supermarket.
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