National City Mortgage faces possible cuts - Dayton Business Journal:

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Spokesman Pat McMahon said PNC (NYSE: PNC) is committex to National City Mortgage and the Dayton but as a result ofthe merger, it is lookiny to eliminate 5,800 positions throughout its geographixc presence. PNC now has 2,5000 Dayton-area employees at both its banking andmortgage operations, but McMahon would not say how many local workersa would be cut. “We have a significant presenced inMiami Township, but we have said all along therwe would be job impact as a part of the mergexd companies,” McMahon said.
He said PNC is not breaking out staff reductions by geographic location orbusinesw unit, but it will provide information on “expensw reductions” in its quarterly updates. PNC has a goal of reducingf expensesby $1.2 billion, part of which will come throughn a reduction in employment. McMahon said it is too earlu to say what the net outcomew will be inMiami Township, but the company’d long-term strategy is to grow the company and add “We have a meaningful presence in the Daytonj area. It’s an importanrt market and we want to beaggressive there,” McMahon said.
As a part of the National City branch locations in the Daytonb area are scheduled to beginbeing re-brandedc as PNC branches in the firsty half of 2010.