Local News

Wednesday, July 30, 2014

COLUMBUS, Ohio -- Nearly 3.6 million adults in Ohio go online to conduct business with government offices, finds a report from Connect Ohio. That number represents 47% of all adult Internet users in the state. Some 38% of Ohio Internet users go online to search for information about government services while 31% use the Internet to apply for government services or fill out forms at government websites, says the report "Making Government Accessible: e-Government Usage in Ohio" from Connect Ohio. “With a large amount of government services quickly transitioning to...

Tuesday, July 29, 2014

CANFIELD, Ohio -- Farmers National Banc Corp., holding company of Farmers National Bank and the Farmers Trust Co., announced today its offer to buy back odd lots of its stock, that is the stock of the 1,463 shareholders who own 99 or fewer shares. The company is offering $7.69 a share, subject to Farmers’ terms and conditions. Trading in Farmers stock opened at $7.47 this morning. The offer begins today and runs through Aug. 29. The company said it is extending the offer ”to reduce shareholder servicing and administrative costs. The program [which the owners are free...

Tuesday, July 29, 2014

YOUNGSTOWN, Ohio -- Cumulus Media, the Atlanta-based operator of 525 radio stations in 90 markets, today named its eight-state Youngstown group as tops in overall performance in the second quarter. “The team in Youngstown has performed at record levels this year and is well deserving of this award,” said Jon Pinch, executive vice president and co-chief operating officer of Cumulus. The company’s president’s cup is awarded every quarter. In addition to a trophy, the Cumulus Youngstown group shares a cash prize of $10,000 distributed across the station’s staff. The...

Tuesday, July 29, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- The city plans to chip away at the debt it incurred in building the Covelli Centre and reduce the principal by $350,000 this year, the Youngstown finance director said Monday. "We're going to reduce the debt this year from about $11 million down to $10,650,000," David Bozanich said after the finance committee of City Council met. "We've probably paid about $1 million of principal down to date. We're going to continue to bite away at that number as the years go on." In 2005, the city issued $11....

Tuesday, July 29, 2014

CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Savings and Banking Co., Monday reported second-quarter net income of $1.04 million, or 23 cents per share. This represents a 30% increase over second-quarter 2013 net income of $799,000, or 18 cents a share, and is below first-quarter net income of $1.33 million, or 29 cents a share. In a prepared statement, the president and CEO of Cortland, James M. Gasior, said, “Building on our momentum from the beginning of the year, our second-quarter profitability was supported by strong balance sheet growth that...

Tuesday, July 29, 2014

Author:  Josh Medore NILES, Ohio -- U.S. Rep. Tim Ryan, D-13 Ohio, estimates that he and his family will have about $30 to live on until Wednesday he says. As part of the Live the Wage Challenge, the Ryan family has been living on $154, the equivalent of two people -- he and his wife -- working 40 hours per week at the federal minimum wage after paying for housing and taxes. Ryan began the challenge on Thursday and will finish tomorrow. “I don't think we're going to make it the whole way. I think we'll make it to Wednesday at some...

Tuesday, July 29, 2014

PITTSBURGH -- F.N.B. Corp. and OBA Financial Services Inc. today announced the receipt of all required regulatory clearances for their proposed merger.  The Office of the Comptroller of the Currency has approved the merger of OBA Bank, the bank subsidiary of OBA Financial Services, based in Germantown, Md., into First National Bank of Pennsylvania, F.N.B.'s bank subsidiary. The Federal Reserve Bank of Cleveland also has granted F.N.B. a waiver of its merger application requirements. OBA shareholders will vote on the proposed merger at a special meeting Aug. 21. The...

Tuesday, July 29, 2014

YOUNGSTOWN, Ohio -- The National Association of Health Underwriters has recognized the Western Reserve Association of Health Underwriters with its Blue Ribbon of Excellence Award. The award is part of the national association’s certification program that honors chapters that exhibit excellence. “This year, the Western Reserve Association of Health Underwriters organized several events in our local community as part of our communications efforts and through NAHU offered our members a multitude of educational opportunities, including advanced designation programs, continuing-education classes...

Tuesday, July 29, 2014

HARRISBURG, Pa. -- The Foreign Direct Investment Association has named Pennsylvania this year’s  “Destination of the Future for Energy Intensive Industries,” Gov. Tom Corbett announced Monday. The award is based on the commonwealth’s actively executing strategies to support foreign companies’ direct investment in the energy sector. Pennsylvania ranks second among the states in electricity generation and nuclear production, fourth in coal production and has become the second-largest producer of natural gas. The Keystone State has become a net exporter of electricity and natural gas....

Monday, July 28, 2014

Author:  Dan O'Brien WEST MIDDLESEX, Pa. -- When Emil Koledin purchased the assets of the former Shenango Metalcraft Co. in 1975, he had every intention of gutting the building at 85 Garfield St. here, and selling off the equipment to make way for his construction company, Wesex Corp. Then one day he went to the mailbox. "He found that there were orders from companies such as Westinghouse and General Electric," recalls his daughter, Tanya McClafferty. "He realized that he had a great customer base and the equipment was already here."...

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