(Reuters) -U.S. lender PNC said on Friday it will be opening more than 300 new branches by 2030, adding about 100 locations to its earlier plan as it looks to expand its in-person banking footprint.

Even as digital banking and online payments have lowered the need for frequent branch visits, several U.S. lenders are still expanding their physical networks to strengthen their deposit base.

Banking executives say having branches in local communities remains important for building customer trust, holding on to deposits, meeting regulatory expectations and bringing in small business clients.

The new announcement takes PNC’s total investment to roughly $2 billion and brings the expansion plans to nearly 20 markets including Nashville, Chicago and Sarasota across the United States.

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