PNC Bank has closed two western New Jersey branches as part of a shutdown of about 127 offices in grocery stores.
The PNC at the Stop & Shop in Pohatcong Plaza on Route 22 closed April 21 and was consolidated into the PNC at 755 Memorial Parkway in Phillipsburg. Also on April 21, PNC's branch at the Flemington Stop & Shop on Route 31, Hunterdon County, was consolidated into a branch at 240 U.S. 202/31.
Banks are closing branches nationwide as more customers use their phone for digital financial services. PNC said it routinely evaluates its branch network and other methods of banking to determine customer needs.
"PNC recognizes that branches continue to plan an important role for many customers when it comes to conducting certain transactions," according to a PNC statement.
"We remain committed to delivering on our purpose to move all forward financially, and we are confident that we can meet or exceed our customers' needs at nearby branch locations, alongside other available methods of banking," the statement said.
PNC Bank is part of The PNC Financial Services Group. Shares in the group are traded on the New York Stock Exchange under the ticker symbol PNC. The closing price Friday was $130.25. At that price, the company's market capitalization (share price times number of shares outstanding) is $52.1 billion.
