In Brief: PNC Unit in Oregon Hires Acquisitions VP

PNC Bank Corp., has named Richard K. Shea vice president of acquisitions.

Mr. Shea is to be responsible for scouting low-income housing with tax-credit benefits in California. Columbia pools equity from low-income projects into funds and sells them to private investors. It manages $1.5 billion of such investments.

Mr. Shea, 37, had been vice president of acquisitions at Alliant Asset Management Co. in Los Angeles.

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