TribLIVE

| News

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

PNC to accelerate branch closings, CEO says

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

PNC $55.08 -$0.23

at close on TUESDAY

Daily Photo Galleries

By Thomas Olson
Tuesday, Dec. 4, 2012, 12:14 p.m.
 

PNC Bank will be “closing branches and taking out layers of people” in 2013 to hold down expenses, the bank's CEO told Wall Street analysts Tuesday.

James Rohr said PNC plans to reduce expenses next year by at least $500 million, noting retail banking accounts for about half of its overhead. PNC is the nation's seventh largest bank, and operates about 2,900 branches.

PNC will close two local branches on Feb. 22, on Fifth Street in Freeport and on Beverly Road in Mt. Lebanon, it said Nov. 27.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Stories

  1. Happ’s strong start, Ramirez’s homer pace Pirates past Rockies
  2. Big plays cost Steelers defense in 43-19 preseason loss at Bills
  3. Steelers notebook: Tomlin mum on Bryant suspension
  4. Pitt star running back Conner remains grounded despite success
  5. Rossi: Beleaguered Steelers need MVP from Big Ben
  6. Biertempfel: Pittsburgh native faced quick learning curve as Marlins GM
  7. College football preview: ACC
  8. Exclusive to the Trib: Lift the oil export ban? Think again
  9. Patience serves as virtue amid pitching prospect Glasnow’s quest for majors
  10. Port Authority’s plan for car-free communities slow to bear fruit
  11. Pitt’s cancer institute marks 30 years with eye toward future