PNC to Build 16 New Upstate Branches by 2031

PNC Bank announced on Thursday that it will add 16 new branches in South Carolina's Upstate region by 2031. The expansion targets high-growth markets, with 12 of the locations set for Greenville and four for Spartanburg.

The bank detailed its five-year buildout plan in a Nov. 6 announcement. This regional push is part of a larger national strategy to increase its physical footprint. PNC aims to open 42 branches across South Carolina during the same period. Beyond the Upstate, the bank plans nine new locations in Charleston, nine in Columbia, five in Myrtle Beach, and three in Hilton Head.

Bobby Chesney, the regional president for Western Carolinas, linked the investment to the local economy's strength. He noted that the Upstate serves as a major economic driver in the Southeast. Chesney stated, “The Upstate is one of the Southeast’s most dynamic economies, and all of us at PNC look forward to growing our local business alongside the individuals and organizations shaping its bright future.”

The Upstate expansion represents a portion of PNC's broader financial commitment. The Pennsylvania-based lender plans to spend approximately $2.5 billion on this nationwide initiative. The project will result in the construction of more than 370 new branch offices.

The hiring component of the plan includes the creation of 2,400 new jobs by the end of the decade. PNC intends to build 60 branches per year to meet its target. The bank's media room provides further details on the 2026 expansion schedule.

The construction timeline extends through 2031. This period allows for the phased rollout of the 42 South Carolina locations. The Greenville and Spartanburg sites will open at various intervals within that five-year window.