Local News

Wednesday, November 5, 2014

PITTSBURGH -- PNC Bank now offers its customers access to Apple Pay, a new service for mobile payments, the bank announced Tuesday. Apple Pay works with iPhone 6 and iPhone 6 Plus and is compatible with iPad Air2 and iPad mini 3. When a customer adds his credit or debit card to Apple Pay, the card numbers are not stored on the device or Apple servers, officials said. Instead, a unique account number is assigned, encrypted and stored on the customer's device, said Henry Fulton, retail assets executive at PNC. Each transaction is authorized with a one-time dynamic...

Tuesday, November 4, 2014

YOUNGSTOWN, Ohio -- Frank Hierro, president of the Mahoning Valley region of Huntington Bank, will retire Nov. 14, a spokesman for the bank announced this morning. He will be succeeded by William C. “Bill” Shivers, lead executive of the bank’s Akron-Canton market. Shivers, who lives in Salem, will head both regions.  Hierro spent Tuesday morning meeting with employees to inform them of his retirement. He has been regional president in the Mahoning Valley since 1999.  In his role as president, he manages the banking activity and operations for six counties in eastern...

Tuesday, November 4, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- The Mahoning Valley Historical Society will announce Thursday morning that the first-floor galleries and archives at the Tyler Mahoning Valley History Center downtown will open effective 1 p.m. that day. The society will also provide a status report on its fundraising campaign and announce a “major gift” to the organization, said its executive director, Bill Lawson. Several events already have been staged in the building’s ballroom.   Lawson and architect Paul J. Ricciuti appeared this...

Tuesday, November 4, 2014

CLEVELAND, Ohio -- Crain’s Cleveland Business has named Farmers National Bank to its “Fast 50” list of successful companies, the bank announced this morning. To develop the list, Crain’s partnered with independent accounting and business advisory firm Apple Growth Partners to review financial records for companies headquartered in northeastern Ohio. Crain’s then ranked the 50 fastest-growing companies by revenue between 2009 and 2013. The publication stated it was looking for an established record of continuous growth. “Our company’s tremendous growth since 2009 is...

Tuesday, November 4, 2014

CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Banks, Monday reported third-quarter net income of $955,000, or 21 cents per share -- a 55% increase above third-quarter 2013 net income. Net income for the first nine months is $3.33 million, or 73 cents a share, a 48% increase above the $2.27 million for the first three quarters of 2013, or 50 cents a share. The board of directors declared a cash dividend of five cents a share payable Nov. 28 to shareholders of record Nov. 12. In a prepared statement, the president and CEO of Cortland, James M. Gasior...

Tuesday, November 4, 2014

ATLANTA -- Site Selection magazine has ranked Ohio as having the fifth-best business climate this year and reports a separate survey by corporate real estate executives it polled ranked the Buckeye State as having the ninth-best business climate. Site Selection, which released its annual rankings Monday, “named Georgia as the state with the Top Business Climate for 2014. The rankings are published in the November issue of the trade journal. Half of the magazine’s rankings are based on a survey of corporate site selectors the editors asked to rank the 50 states based...

Tuesday, November 4, 2014

Author:  Dan O'Brien BOARDMAN, Ohio -- A momentary lapse of judgment could cost a business and its clients nearly everything. Say a professional or business owner accidentally leaves behind his laptop or electronic tablet at a restaurant or park bench. No matter. The devices can be replaced and are often covered by property insurance the business or owner carries. What many don’t know is that while insurance might cover the cost of laptop, the data it contains are not, thus inviting identity theft or cyber hacking based on every scrap...

Tuesday, November 4, 2014

FRANKLIN, Tenn. -- Net operating revenues for Community Health Systems Inc. during the third quarter and the first nine months of the year were up more than 50% and 42%, respectively, from the same periods in 2013, the company reported Monday. The data includes Health Management Associates Inc.’s operating results from Jan. 27, when CHS completed its acquisition of HMA.    CHS owns ValleyCare Health System of Ohio, which operates health-care facilities in Mahoning and Trumbull counties in Ohio, and earlier this year acquired Sharon Regional Health System in...

Tuesday, November 4, 2014

DETROIT -- Sales of the Lordstown, Ohio-built Chevrolet Cruze rose 51% in October, General Motors Co. reported Monday, driving compact car sales to their highest level since 2003. GM said it delivered 226,819 vehicles in the United States last month – the company’s best October sales since 2007. Still, the number is up only slightly from October 2013 when GM delivered 226,402 units, or a gain of just 0.2%. In addition to higher Cruze sales, GM’s Chevrolet brand enjoyed stronger sales of the Silverado, Traverse and Equinox. And the automaker’s Buick brand enjoyed its...

Tuesday, November 4, 2014

GIRARD. Ohio -- Valley Electrical Consolidated Inc. awarded a $5,000 grant to Sister Jerome’s Poor to sponsor a local college student as well as to provide mentoring for the student. The check for sponsorship was presented to Sister Jerome Corcoran at VEC’s headquarters Oct. 31. Upon graduating from Eastern Gateway Community College in June, Brianna Spatafore will continue her education at Youngstown State University. Tricia Ferry of VEC will mentor Spatafore during this time. The grant represents the core values that Rex Ferry, VEC president and CEO, promotes -- “...

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