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.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.