PNC expects to cut jobs following Sterling acquisition

PNC Financial Services Group Inc. expects to eliminate 325-425 positions at newly acquired Sterling Financial Corp. this summer.

Fred Solomon, a spokesman for Pittsburgh-based PNC (NYSE:PNC) said the eliminated posts would be back-office and administrative positions. The number will be determined by attrition, retirements and potential redeployment.

PNC has more than 600 positions open system wide, Solomon said, and is currently recruiting for branch personnel in central Pennsylvania.

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"PNC expects to keep all of Sterling's tellers and branch managers, even in the case of branch consolidations," Solomon said.

Lancaster, Pa.-based Sterling has more than 60 branches mostly doing business under other names such as Bank of Lancaster County and Bank of Lebanon County. All will take the PNC name in August.