PNC?s acquisition of Mercantile could entail cost-cutting measures

Published October 11, 2006 4:00am ET



Aside from the presumed hit to local banking, the pending $6 billion purchase of Baltimore-based, 240-branch Mercantile Bankshares Corporation by the Pittsburgh-based, 843-branch PNC Financial Services Group Inc. entails inevitable “consolidation” and cost-cutting.

And that usually means some branch jobs will be on the line.

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