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Giant-Landover in Deal With PNC for In-Store Banks

Ahold’s Giant Food and the PNC Financial Services Group, Pittsburgh, yesterday said they have a 10-year agreement under which PNC will provide banking services in Giant supermarket locations across Virginia, Maryland, Delaware and the District of Columbia.

LANDOVER, Md. — Ahold’s Giant Food, here, and the PNC Financial Services Group, Pittsburgh, yesterday said they have a 10-year agreement under which PNC will provide banking services in Giant supermarket locations across Virginia, Maryland, Delaware and the District of Columbia. PNC Bank, which includes 1,100 branches and 4,000 ATM locations, intends to open full-service in-store branches. Initial plans call for 41 new in-store branches and 180 ATMs to be in place in 2009. Under the agreement, more in-store branches and ATMs will be added in existing and new Giant stores during the next 10 years. Financial terms of the agreement were not disclosed. PNC has an agreement for in-store banks in New Jersey with Stop & Shop Supermarket Co., Quincy, Mass., also an Ahold chain. “Many Giant customers have come to appreciate the convenience of full-service in-store banking,” said Robin Michel, executive vice president and general manager of Giant Food.

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