PNC Bank To Close 52 More Branches

PITTSBURGH (WPXI) — PNC Financial Services Group Inc. put another 52 branches on the chopping block, including eight in the Pittsburgh metro, in its biggest mass cut so far this year. Pittsburgh’s largest bank filed the applications with the Office of the Comptroller of the Currency on July 17, according to just posted data by the regulator. That was two days after PNC  released second-quarter earnings and Bill Demchak, chairman, president and CEO, told financial analysts that it had “additional thoughts” about keeping some branches closed due to the Covid-19 pandemic permanently shuttered as consumer preferences for digital transactions has accelerated.