PNC Bank, one of the largest banks in the United States, has announced that it will be closing several branches in February 2025. This is part of a broader trend in the banking industry, as more and more customers are using online and mobile banking services.
There are several reasons for this trend. First, online and mobile banking are more convenient for customers. They can bank from anywhere, at any time, without having to go to a physical branch. Second, online and mobile banking are often cheaper for banks to operate than physical branches. This is because they don’t require the same overhead costs, such as rent and utilities.
