Banking & Finance

PNC Experts: Sunny Outlook for Economic Growth

PITTSBURGH — After eight years of economic expansion, PNC economic and investment experts say the United States economy is in the “seventh inning” of a potentially record-long expansion. In a post published Thursday on the bank’s website, Stuart Hoffman, PNC senior economic adviser, and Bill Stone, PNC chief investment officer,  note the economy has achieved […]

August House Sales Show Gains from Year Ago

YOUNGSTOWN, Ohio – Sales of houses in Mahoning, Trumbull and Columbiana counties in August were up 8.9% from the same month a year earlier, data released Friday show. Year-to-date sales in the three counties also were up, although by a more modest 1.7%. The statistics, compiled by the Youngstown Columbiana Association of Realtors and the […]

PNC Foundation Gives $500K for Disaster Relief

PITTSBURGH, Pa. –The PNC Foundation and PNC Bank are donating $500,000 for disaster relief efforts to help those impacted by Hurricane Irma. A $250,000 grant will be given to the American Red Cross to be used for disaster relief efforts related to Hurricane Irma. Another $250,000 in funding will be allocated after the need in the impacted communities […]

Mortgage Delinquencies Decline Locally in June

YOUNGSTOWN, Ohio — A new report by CoreLogic, a California-based data analytics company, finds 7.3% of mortgages in the Youngstown-Warren-Boardman area were delinquent by at least 30 days in June compared with 8.1% in June 2016. Mortgages in serious delinquency in the region, defined as 90-plus days past due, totaled 3.2% in June compared with […]

4 Things to Do After Selling Your Business

PITTSBURGH — We all are familiar with family businesses that have been in our community for decades, whether it’s a mom-and-pop shop or a large corporation. But when those businesses close their doors after decades, it can affect family members in many ways, both emotionally and financially. If you’re involved with one of those businesses, […]

Banks Make More Business Loans as Economy Improves

YOUNGSTOWN, Ohio — As the local economy continues to improve, commercial bankers are working with small businesses to help them grow by providing credit and financial services to better manage their companies. “This community is resilient and we came through a recession. As I’m out speaking to customers, they’re very optimistic,” says Daryl Cameron, vice […]

YNDC Launches Revitalize Home Mortgage Program

YOUNGSTOWN, Ohio — The Youngstown Neighborhood Development Corp. is launching a new community lending program in partnership with the city and Home Savings Bank. The program, Revitalize Home Mortgage, is being funded by a $500,000 city grant that will capitalize a loan fund to provide first-mortgage loans to individuals unable to obtain bank financing to […]

BigK Sells for $1.675M, Antone’s for $700K

CALCUTTA, Ohio –The CEO of the Busy Beaver chain of building product stores has purchased the BigK (Kmart) store at 15891 state Route 170 here for $1.675 million. The transaction, which closed Aug. 22, was the largest commercial real estate deal last month in Columbiana, Mahoning and Trumbull counties. The BigK store here has escaped […]

Execs Worry about Growing Scarcity of Skilled Workers

NEW YORK – Business executives maintained their generally upbeat view of prospects for the U.S. economy, and have upgraded expectations for profit and revenue growth over the next 12 months, according to the third-quarter AICPA Economic Outlook Survey. But there is a dark cloud on the horizon: the growing scarcity of suitable job candidates. The survey […]

Farmers Banc Corp. Increases Dividend 50%

CANFIELD, Ohio – Farmers National Banc Corp. will pay a cash dividend of 6 cents per share Sept. 29 to shareholders of record Sept. 8. The third quarter dividend was declared Tuesday by the company’s board of directors. It represents a 50% increase over the 2016 third-quarter dividend payment, says Kevin Helmick, CEO and president. […]

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