PNC Bank to open new branch.
Pittsburgh, Pennsylvania-based PNC Bank is planning to build a new branch at the corner of Johnson Ferry and Roswell Roads in East Cobb. The new branch will be built in place of the recently demolished EXXON gas station, convenience store, cleaners, emissions facility and Robeks juice shop.
With all existing structures now demolished as well as the underground gas tanks having been removed, I'd expect that construction could begin before the end of the year. If that timeline holds true, I'd expect the bank to open in late spring.
PNC is currently without a full service branch in the immediate area despite having an existing location on Lower Roswell Road, just down from Johnson Ferry Road, and across from Parkaire Landing Shopping Center. The freestanding branch was built as a Flagstar Bank, but converted after the 2013 buyout. The new branch is about two miles from the current branch. A bank spokesperson indicated that both locations will remain open.
The new branch will serve a different portion of the community and will provide superior visibility and advertising for the bank.
PNC recently opened a new location in Buckhead on Peachtree Road. The Buckhead branch, at Peachtree Road and Mathieson Drive, replaced a popular freestanding Wendy's.
Both PNC and Chicago-based Chase Bank have been opening new branches all over town as they fight for market share with more entrenched banks like SunTrust and Wells Fargo. Wells Fargo got its sizeable Atlanta area market share via its 2008 acquisition of Wachovia. PNC purchased the Atlanta operations of Michigan-based Flagstar Bank and all of Raleigh-based RBC Bank USA in 2012. The two acquisitions allowed the Pittsburgh bank to go from zero representation in Atlanta to what some say is now the 7th largest-bank in metro Atlanta, ranked by deposits.
Chase Bank previously opened a new branch in East Cobb in place of a one-time Donatos Pizza. The Donatos had later become a Mama Fu's Asian House and later a Flying Biscuit Cafe. Chase also replaced a gas station on Roswell Road in Sandy Springs as well as a Pizza Hut in Buckhead.
Is it just a matter of time before another bank buyout leaves Atlanta littered with empty bank branches? For that matter, who visits an actual bank branch anymore? With whom do you bank? Why?
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