Banking Shake-Up: Major Bank to Close 31 Branches Across Maryland

Ash Jurberg

A popular bank is closing thirty-one branches in Maryland.

A major bank is closing thirty-one locations across Maryland over the next there months.

PNC Bank, which operates 2,629 branches in 27 states, has announced the branch closures. It has already closed 19 PNC branches in Maryland this year.

"PNC recognizes that branches continue to play an important role for many customers when it comes to conducting certain transactions and holding important in-person financial conversations with our banking experts, which is why we routinely evaluate our branch network, together with our other available methods of banking, to determine if we are most effectively meeting our customers' needs.

PNC Bank plans to automate 60 percent, or more than 1,000 branches, by 2026.

PNC Maryland branches closing June 23

  • 201 Mount Carmel Road, Hereford
  • 15920 Old Frederick Road, Woodbine
  • 123 N. Street, Elkton

PNC Maryland branches closing mid July

  • 18250 Flower Hill Way, Gaithersburg
  • 20044 Goshen Rd Gaithersburg
  • 18331 Leaman Farm Rd, Germantown
  • 842 Muddy Branch Rd, Gaithersburg
  • 20944 Frederick Rd, Germantown
  • 18140 Village Center Dr, Olney
  • 625 Hungerford Dr, Rockville
  • 3530 Sugarloaf Parkway, Frederick

PNC Maryland branches closing mid August

  • 13781 Connecticut Ave, Silver Spring
  • 948 Bay Ridge Rd, Annapolis
  • 5500 Silver Hill Rd, District Heights
  • 10501 Greenbelt Rd, Lanham
  • 13 EE Airpark Dr, Edgewater
  • 4624 Edmonson Ave, Baltimore
  • 15520 Annapolis Rd, Bowie
  • 1400 Merrit Blvd, Dundalk
  • 6636 N Ritchie Hwy, Glen Burnie
  • 6000 Greenbelt Rd, Greenbelt
  • 3521 East West Hwy, Hyattsville
  • 10480 Campus Way S Largo
  • 1009 Fairlawn St, Laurel
  • 12051 Rockville Pike, Rockville
  • 1155 Annapolis Rd, Odenton
  • 4315 Mountain Rd, Pasadena
  • 573 Ritchie Hwy Ste 1, Severna Park
  • 5700 SE Crain Hwy, Upper Marlborough
  • 601 E 33RD ST Baltimore
  • 2900 University Blvd W, Wheaton

While some people do their banking online, many still prefer to visit a branch to conduct their finances, so this announcement will cause some concern. According to data from the Federal Deposit Insurance Corporation (FDIC), approximately 8,000 banks were in operation in 2000, but by 2022, this figure was halved.

Your thoughts

Do these branch closures affect you? Will you move to online banking? Are you concerned about the number of retail stores closing in Maryland? Should the government offer financial support for struggling businesses or laid-off workers?

Please leave your thoughts in the comment section below and share this article on social media and with others so more people can join the discussion.

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