PNC Financial Services Group Inc. must sell 61 branches of National City
Corp. in western Pennsylvania as a condition for acquiring the Cleveland-based bank, The Associated Press reports. National City's nearly 30,000 employees, from top managers to bank
tellers, were being informed during the afternoon that the Department of
Justice would announce the order late Thursday. PNC chairman James Rohr said divestitures
in western Pennsylvania would be necessary when the $5.6 billion deal was announced Oct.
24. - Bill McConnell
Continue reading below
