New Senior Executive for PNC

Despite today's report in the ""_Wall Street Journal_"":http://online.wsj.com/home-page of continued layoffs in multiple professional sectors, not everyone is fearing for their job. Especially Michael D. Greenwood of ""PNC Mortgage"":http://www.pncmortgage.com/ who has just been promoted to senior executive of the company's Miamisburg, Ohio branch of operations.

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Greenwood began his career with ""PNC"":http://www.pncmortgage.com/ as its vice president of servicing, and his new position will encompass all aspects of ""PNC's"":http://www.pncmortgage.com/ servicing organization and operations for units in Miamisburg and Jacksonville, Florida.

Additionally, he will also be the acting senior executive in ""PNC's"":http://www.pncmortgage.com/ Miamisburg segment.

Multiple divisions including core servicing, collections, loss mitigation, late stage default, and shared services will now report to Greenwood, and he, in turn, will work directly under E. Todd Chamberlain, who is set to become ""PNC's"":http://www.pncmortgage.com/ president and chief operating officer as of August 8. Chamberlain is based in Chicago, while Greenwood will be installed in Ohio.

Commenting on both new appointments, Sy Naqvi, ""PNC's"":http://www.pncmortgage.com/ CEO said, ""Todd and Mike's depth of experience will help us manage the challenges of today's mortgage banking environment and grow the mortgage servicing portfolio. They are great additions to the mortgage leadership team, as we continue to integrate the mortgage business into the rest of ""PNC Financial"":http://www.pncmortgage.com/.""