MIAMI TWP., Montgomery County — PNC Financial Services Group Inc., which bought National City Corp. in 2008, told employees on Thursday, June 25, that it will keep National City’s mortgage loan servicing operation in Miami Twp., but some job losses there are “likely,” a PNC spokesman said.

The spokesman, Fred Solomon, declined to elaborate, saying PNC will not break out staff reductions by geographic location or business unit, other than whatever the company discloses in quarterly regulatory reports to the U.S. Securities and Exchange Commission.

PNC’s next quarterly report is due out in July.

Solomon would not say how many employees remain in National City Mortgage. Cleveland-based National City reduced employment there several times in recent years, but has refused to say how many jobs were cut.

PNC has operation centers in Chicago and Pittsburgh, which could absorb some positions from Miami Twp. as PNC continues to fold National City’s operations into its own.

Asked whether some jobs in the Miami Twp. mortgage operation will be eliminated, Solomon said, “It is likely.”

Miami Twp. had not received any information from PNC, township Administrator Greg Hanahan said Thursday. Despite the job cuts of recent years, the mortgage operation is still among the township’s top five employers, Hanahan said.

In recent years, National City had employed about 2,500 people in the Dayton area, including as many as 1,500 in Miami Twp.

National City Corp. had financial problems and saw its stock price fall last year, in large part because of mortgage loan losses.

PNC said, in announcing the National City purchase that took effect Dec. 31, that PNC planned to cut 5,800 jobs as part of the deal. PNC said that included 4,000 job cuts National City had already planned and others at western Pennsylvania bank branches that government regulators required PNC to sell, as a condition of allowing the acquisition.

In April, PNC reported net income of $530 million, or $1.03 per share, for the first three months of 2009. The National City acquisition, which gave PNC entry into additional markets, had exceeded expectations and contributed to the quarterly earnings, PNC said.

Contact this reporter at (937) 225-2242 or jnolan@DaytonDailyNews.com.