The upcoming closure of PNC Bank’s Logansport Mall branch is part of nationwide consolidation efforts, a bank corporate spokeswoman said.
The branch at 210 Mall Road will close for good at 3 p.m. May 19. Accounts which were opened there are being transferred to the bank’s downtown Logansport office in Cass City Center.
“The why behind it is, it’s part of an evaluation we have been going through involving our branch network in response to just the fact that the way customers are using branches is changing,” spokeswoman Marcey Zwiebel said.
Banking customers are using online and mobile services and ATMs more often now, Zwiebel said, for basic banking transactions, so as the bank reevaluates its branches, “these are unfortunately resulting sometimes in consolidation.”
The bank has been shedding branches for several years, according to Federal Deposit Insurance Corp. data.
Branch operations peaked at 3,051 U.S. branches at the end of 2012, after PNC bought Royal Bank of Canada’s U.S. operations including more than 400 branches. At the end of 2016, PNC was down to 2,684 branches.
After the mall branch closes next month, another PNC spokesman said the ATM there will stay. The bank will maintain one set of offices and two ATMs in downtown Logansport, Zwiebel said.
The bank also operates a machine for withdrawals only at Logansport Memorial Hospital, another on Third Street and an ATM at Tyson Fresh Meats for Tyson employees only, according to spokesman Alan Aldinger.