PNC Bank Corp. has scrapped its plans to sell Sears Mortgage Corp.'s western production branches later this year when it acquires Sears Mortgage Banking Group.

Pittsburgh-based PNC said Tuesday that negotiations to sell the branches to a group led by Arthur D. Ringwald, executive vice president at Sears Mortgage Corp., were "discontinued." No reason was given. The bank said it would not try to sell the branches to anyone else.

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