Trib Live, January 17, 2022, PNC closing 2 more Pittsburgh-area locations, including Vandergrift branch
“While I hate to see a business leave the community, I also understand the reasons this is happening throughout the banking industry,” Kessler said. “Fewer and fewer people actually visit brick-and-mortar banks anymore. So much banking is done electronically.”
According to data from the National Community Reinvestment Coalition (NCRC), branch closure rates doubled during the pandemic, with 9% of all U.S. branch locations closing between 2017 and 2021, resulting in about 7,500 brick-and-mortar banks shuttering.