MIDDLE ATLANTIC

PNC Financial Services Group Inc. has promoted Francine Miltenberger to executive vice president of PNC Bank in Pittsburgh, where she will be division executive for treasury management.

She joined PNC in 1997 from Chase Manhattan Bank, where she held posts in private banking, cash management, and the corporate merger office.

In 1999 Ms. Miltenberger launched PNC's Internet services center which gives corporate clients enhanced service access through the Web. Recently she helped develop a joint venture with Perot Systems Corp. to create BillingZone, a business-to-business electronic bill presentment and payment service. She is now working on advanced accounts receivable services.

PNC Financial Services has $70.8 billion of assets.


MIDWESTLaSalle Bank of Chicago has hired two vice presidents and transferred a third to the Boca Raton, Fla., office of its broker-dealer services division.

Doug Bretz joins as a group vice president from First Union Corp.; David R. Seibert is to start this month as a vice president after leaving J.C. Bradford; and Mark Curtis, a vice president, transfers from the London derivatives team of the bank's parent company, ABN Amro Holding NV. All three are to report to Pat Kelly, senior vice president and chief administrative officer of the division.

Mr. Bretz, 49, was a managing director at First Union, where he had worked 13 years, most recently in Richmond, Va. He joins LaSalle as a senior member of the division's management team, responsible for corporate new issuance, sales and marketing, risk management, new bank CD issuance, and an electronic trading initiative. He has more than 20 years of fixed-income experience.

Mr. Seibert, 28, was a national accounts manager in Bradford's Nashville office, where he had worked for three years. At LaSalle, he is to be responsible for wholesaling market-index-linked certificates of deposit to broker-dealers throughout the United States and working with bank issuers on devising new market-index CDs.

Mr. Curtis, 24, is to assist in product development, new issuance, and overall marketing. He worked on derivative products including market-index-linked CDs in Amro's London office. Previously he worked at Cazenove & Co. and Smith New Court Securities Ltd., both London securities firms.

LaSalle Bank has $47 billion of assets.


U.S. Bancorp promoted Dennis W. Orcutt to the new post of president of its U.S. Bank in Colorado and Rob Burda to vice president of the commercial real estate division at U.S. Bank in Des Plaines, Ill.Mr. Orcutt, 46, is to continue to head the Denver-based bank's commercial lending group. As president he also is to lead initiatives to better connect the bank to its communities and to enhance customer relationships. He has worked 18 years for U.S. Bank in commercial and corporate lending. Before that he was a loan officer and lending department manager at the Small Business Administration.

Mr. Burda is to report to Gregory Warsek, senior vice president and manager of the commercial real estate division in Des Plaines. Mr. Burda started at U.S. Bank in 1997 as a commercial real estate loan officer and was promoted to assistant vice president in 1998. He has eight and a half years of banking experience, including positions as a commercial realty loan officer at Oak Brook Bank in Oak Brook, Ill., and as a bank examiner at the Federal Reserve Bank of Chicago.

U.S. Bancorp is headquartered in Minneapolis and has $83 billion of assets.

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