Major national bank closing more branches in New Jersey

According to published reports, a large national bank is getting ready to close even more branches in New Jersey.

News snapshot

• This bank closed dozens of branches across the country just last year
• Several NJ locations have closed over the years
• News comes as other banks consolidate their physical footprint in NJ

PNC Bank closing more NJ locations

Regardless of the industry, it's been brutal lately for any brick-and-mortar business.

Just within the past few months, numerous chain restaurants have filed for bankruptcy, Party City has gone out of business, Joann Fabrics is closing, Big Lots has closed almost all of its stores, and Macy's has shut down stores across the country.

And that's just the short list.

And banks find themselves in the same boat. As more and more people do things online, the need for physical branches is diminishing. Rapidly.

In fact, a recent survey from the American Bankers Association found that 55% of bank customers are using apps on their phones or other mobile devices as their top option for managing their accounts. When it comes to mobile banking, a staggering 96% of consumers rate their bank's app and website as "excellent," "very good," or "good."

• JUNE 2024: Customers stunned as PNC Bank branch in Pleasantville closes
• MARCH 2025: TD Bank announces more NJ branch closures

Now comes word that PNC Bank will be doing just the same — three branches in the Garden State are going away.

PNC Bank locations closing in NJ

According to TheStreet.com, PNC recently filed documents that said the following branches will close:

• Bloomfield — 24 Broad St.

• Clifton — 1184 Main Ave.

• Hamilton (Mercer County) — 3111 Quakerbridge Road

PNC Bank was founded nearly 180 years ago and has well over 2,000 branches and nearly 10,000 ATMs nationwide. In 2023, PNC reported $21.5 billion in revenue with over $421 billion in deposits.