PNC Mortgage has agreed to buy five loan offices from Fleet Mortgage Group, which is shedding retail operations outside its core Northeast market.

The offices-in Chicago, Denver, Houston, Lake Oswego, Ore., and Murray, Utah-will help PNC Mortgage achieve its plans for national expansion, said Saiyid T. Naqvi, president of the Vernon Hills, Ill., lender

PNC wants to hire loan officers at the Fleet sites and will also offer jobs to salespeople at other mortgage offices Fleet plans to shed, Mr. Naqvi said.

PNC could take on 75 of Fleet's salespeople, Mr. Naqvi said.

Fleet Mortgage Group wants to shed another 12 offices in the West and Midwest.

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