The Dayton headquarters of PNC Bank will be moving in to the new development known as Water Street, becoming an anchor tenant for the riverfront office building.
Water Street is meant to take advantage of the views of the river, mostly by putting in 150 luxury apartments, but the $33.5 million project also includes a four-story, 50,000-square-foot office space and a parking structure. PNC plans to take on the two upper stories of the building, and sell its current building at 6 N. Main St.
A map of the West Dayton "banking desert." Regulators, bankers and community members met Monday to talk about filling the gap left by the shuttering of the Westown PNC branch.
Credit WYSO/Lewis Wallace
Federal regulators held a public meeting Monday to talk about banking services in West Dayton. The closing of the Westown PNC branch this summer has turned a large part of West Dayton into a “banking desert”; from the former site of the bank, there are no bank branches within a two-mile radius.
At the crowded meeting, David Greer with the Northwest Priority Board called the departure of banks from the neighborhood “redlining.”
“It is a form of discrimination, and this is something that we as a people have fought long and hard for decades against,” he said.