Banking & Finance

Year of Growth at Farmers, CEO Tells Shareholders

CANFIELD, Ohio ­– 2016 was a year of substantial growth and increased strength, the shareholders of Farmers National Banc Corp. were reminded at their annual meeting Thursday in St. Michael Church. Farmers is the holding company of Farmers National Bank, Farmers Trust Co. and the Bowers Insurance Agency. The statistics tell the story: 2016 net […]

Huntington Reports Net Income of $208 Million

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington Bank, Wednesday reported first-quarter net income of $208 million, or 17 cents a common share. That compares to fourth-quarter 2016 net income of $212 million, or 18 cents a common share. Excluding some $71 million pretax, or four cents per share after-tax, related to FirstMerit […]

Who Says Mobile Banking is Just for Millennials?

YOUNGSTOWN, Ohio – No longer are online and mobile banking a feature embraced almost entirely by tech-savvy millennials and younger customers. Instead, banks say growth in this segment encompasses people of all ages as even older customers have developed the knack (and desire) to conduct some of their banking on their tablets, smartphones or computers. […]

Farmers Reports Net Income Rises to $5.78M

CANFIELD, Ohio – Farmers National Banc Corp. Wednesday reported first-quarter net income of $5.78 million, or 21 cents a share. This compares to fourth-quarter 2016 net income of $5.36 million, or 20 cents a share, and first-quarter 2016 net income of $4.80 million, or 18 cents a share. Farmers is the holding company of Farmers […]

House Sales Off Pace YTD, Despite March Gain

YOUNGSTOWN, Ohio — Home sales in Mahoning, Trumbull and Columbiana counites in March were up about 4% from a year earlier, boosted by gains in Trumbull County. However, sales in the three counties for the first quarter of 2017 are down about 2%. Combined sales in the three counties in March totaled 479 units, compared […]

Mercer County Bank Breaks Ground for 11th Branch

HERMITAGE, Pa. – The president of Mercer County State Bank expects to be operating the bank’s newest branch by Labor Day, he said at a ground-breaking ceremony here Thursday. Footers for the branch, to be built on an outparcel in front of the Hermitage Walmart on state Route 18, could be set as early as […]

First Niles 1st-Quarter Net Income Rises to $116K

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Monday reported first-quarter net income of $116,000, or 10 cents a share. This compares to first-quarter 2016 net income of $39,000, or three cents a share. The president and CEO, Daniel E. Csontos, attributed the results to […]

PNC Financial Group Names Faucher Chief Economist

PITTSBURGH –  PNC Financial Services Group announced Wednesday that Augustine (Gus) Faucher has been named chief economist effective immediately. Faucher succeeds Stuart G. Hoffman, who is retiring and transitioning to a new PNC role as senior economic adviser. “We look forward to Gus’s leadership and insight that will help the company and our customers to […]

Farmers Trust Company Names Smail as Chairman

CANFIELD, Ohio – Farmers Trust Co. has named James R. Smail, as chairman of the Farmers Trust Company Board effective the beginning of this year. “We are pleased to extend Jim’s expertise to the trust company,” stated Kevin J. Helmick, president and CEO at Farmers National Bank in a release. “He is a valued member […]

PNC Foundation Gives $5M to Help 200,000 Pupils

PITTSBURGH – The PNC Foundation today announced it is funding hundreds of pre-K classroom requests as part of a new $5 million grant to DonorsChoose.org that will provide teachers with better resources to encourage their pupils’ love of learning. It is the largest donation in the foundation’s history, according to PNC. Today’s donation of $504,000 […]

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