PNC Bank announces dozens of branch closures as it shifts to automated banking

PNC Bank has announced it is shutting down more than two dozen locations as it looks to transition to a new model. The Pittsburgh, Pennsylvania-based bank confirmed to The U.S. Sun that it will be closing down 29 branches on August 19.

PNC Bank has announced it is shutting down more than two dozen locations as it looks to transition to a new model.

The Pittsburgh, Pennsylvania-based bank confirmed to The U.S. Sun that it will be closing down 29 branches on August 19.

Of those, 26 of them are located in major grocery stores including Giant Food and Stop & Shop.

The states affected by the closures are Maryland and the Northern part of Virginia.

The move by PNC comes after it previously announced plans to close roughly 127 branches inside Giant Food and Stop & Shop.

"After a careful review of our business model, PNC's strategic goals and the potential impact to our customers, the decision was made to close approximately 127 of our Giant Foods and Stop & Shop in-store branches," a spokesperson with PNC confirmed to The U.S. Sun.

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In addition to Maryland and Virginia, PNC branches are located in New Jersey and Delaware.

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In addition, PNC's announced a big baking shift plan last year.

It plans to automate 60 percent, or more than 1,000 branches by 2026.

And grocery store locations aren't the only branches that PNC is closing.

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In fact, it will be closing 47 outlets across 15 states this month.

Virginia will be hit the hardest, losing 11 of its branches.

The closures are scheduled to happen on June 23.

GOODBYE BRICK-AND-MORTAR

As consumers have shifted more to online, traditional brick-and-mortar locations have been closing.

Perhaps making the biggest news is home goods retailer Bed Bath & Beyond, which has filed for bankruptcy and holding liquidation sales.

All 360 locations, as well as 120 buybuy BABY stores, are set to shut down by June 30 unless the company can find a buyer in the next couple of months.

In addition, Tuesday Morning is shuttering all of its stores after the discount brand filed for Chapter 11 bankruptcy.

Pharmacy chain CVS plans to shutter at least 300 stores per year through 2026.

This includes a location in Nebraska, whose last day is slated for June 15.

Read More on The US Sun

For more on closures, Walmart shut down at least six locations in April.

And a Dairy Queen location has abruptly closed for a "disagreement" reason with the company.

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