Cibolo’s rapid commercial growth is attracting another major national name, this time from the banking world.
PNC Bank is planning a new 3,000-square-foot branch in Cibolo, with construction scheduled to begin in November 2026. Plans call for a ground-up bank building with drive-thru lanes and all-new mechanical, electrical and plumbing systems.
The project is scheduled for completion in August 2027, according to the state construction filing, which has already reached Review Complete status.
And the location connects the project to one of Cibolo’s biggest recent catalysts for commercial growth.
PNC Bank Cibolo Project Targets FM 1103
The filing identifies the project at 850 FM 1103, the same address associated with Cibolo’s H-E-B property.
H-E-B opened its first Cibolo grocery store there in January 2023, bringing a roughly 110,000-square-foot store to the fast-growing FM 1103 corridor. At the time, local leaders viewed the project as more than another grocery store. It was expected to help attract additional businesses and investment to the surrounding area. Read H-E-B’s Cibolo opening announcement
That prediction has aged pretty well.
The surrounding corridor has continued adding restaurants, retail and services as residential development pushes farther through Cibolo and neighboring communities.
H-E-B also expanded its own investment in the property. The company later opened a 55,000-square-foot e-commerce fulfillment center connected to its Cibolo operation, supporting home-delivery orders across Cibolo, New Braunfels and surrounding areas. Read about H-E-B’s Cibolo fulfillment center
Now PNC appears poised to become another piece of that growth.
The filing uses H-E-B’s property address, although Texas Construction Media has not independently confirmed the exact pad or position of the future bank within the development.
PNC Is Expanding Across San Antonio
The Cibolo project isn’t happening in isolation.
PNC has been aggressively growing its physical branch network around San Antonio as part of a much larger national expansion.
The bank entered the San Antonio market in 2020 and significantly increased its Texas presence through its 2021 acquisition of BBVA USA. Since then, PNC has continued investing in new branches throughout the region.
Its national strategy now calls for more than 300 new branches by 2030, supported by approximately $2 billion in investment. The San Antonio area is one of the markets receiving additional locations as part of that push. Read about PNC’s San Antonio expansion
Several of those projects are ground-up branches serving rapidly developing suburban corridors.
Cibolo fits that strategy remarkably well.
Why Cibolo?
Cibolo has transformed dramatically during the past decade and a half.
Its population more than doubled between the 2010 and 2020 censuses, climbing from roughly 15,000 residents to more than 33,000. That population growth helped attract H-E-B and has continued generating demand for restaurants, retailers and everyday services. Read more about H-E-B and Cibolo’s growth
FM 1103 has become one of the clearest examples of that transformation.
What was once a much less developed corridor now serves expanding neighborhoods and a growing collection of commercial businesses.
PNC’s planned branch adds another type of service to that mix.
Texas Construction Media also could not identify an existing PNC branch operating within Cibolo, making the new project appear to represent the bank’s first location in the city.
About That $20 Million Price Tag
There is one unusual detail in the state filing.
The project lists an estimated construction cost of $20 million.
For a 3,000-square-foot bank, that’s exceptionally high.
For comparison, another recently registered PNC project in the San Antonio area calls for a 3,000-square-foot ground-up branch with an estimated construction cost of approximately $1.5 million.
Because of that discrepancy, Texas Construction Media has not independently verified the $20 million figure and is not treating it as the confirmed cost of constructing the Cibolo branch.
The filing contains another apparent clerical issue: it identifies the project as Cibolo but uses ZIP code 77027, which belongs to Houston. H-E-B’s Cibolo store at the same FM 1103 address uses ZIP code 78108.
Neither issue changes the larger development story.
PNC has registered plans for a new ground-up branch in Cibolo, construction documents have completed review, and the project is scheduled to move forward along a corridor that has become increasingly important to the city’s growth.
From a new H-E-B to additional retail, restaurants and services, FM 1103 keeps evolving alongside Cibolo.
Now one of America’s largest banks wants a piece of that growth, too.