Banking & Finance

Lewis Responds to $50K Fine: ‘So Much for Due Process’

YOUNGSTOWN, Ohio — Steve Lewis, the former CEO of the former First Place Financial Corp. and First Place Bank, today responded to The Business Journal’s earlier report that he has been fined $50,000 by the Office of the Comptroller of the Currency as part of a consent order. Lewis, in an email, said he “will […]

Internet Becomes Auto Showrooms’ Front Door

YOUNGSTOWN, Ohio — Gone are the days of customers spending weekend after weekend shopping for a car. No longer do they have drive from one dealership to the next until they’ve talked to every salesman in town. All it takes now is a computer or a smartphone. “People used to go to seven or eight […]

Regulators Fine Former First Place Bank CEO $50,000

YOUNGSTOWN, Ohio – Steve Lewis, the former CEO of what was First Place Financial Corp. and First Place Bank of Warren, has been fined $50,000 by the Office of the Comptroller of the Currency, according to a consent order dated Aug. 25. Lewis, CEO and a director of the bank and its holding company from […]

Regulators Fine Former First Place CEO $50,000

YOUNGSTOWN, Ohio – Steve Lewis, the former CEO of what was First Place Bank of Warren, has been fined $50,000 by the Office of the Comptroller of the Currency, according to a consent order dated Aug. 25. Lewis, CEO and a director of the bank from 2008 to 2012, “failed to ensure that the bank […]

Farmers to Hold Seminars on Thwarting Fraud

CANFIELD, Ohio — Farmers National Bank will hold four free seminars this week to help businesses recognize cyber fraud, thwart hackers and improve the security of their data. The first, from 11:30 a.m. to 1 p.m. today, will be held at the Wooster Country Club in Wooster, the second from 7:30 to 9 a.m. Wednesday […]

She Taught Herself Finance, Now Teaches Others

YOUNGSTOWN, Ohio — Ra’Cole Taltoan had such a knack for math – she never brought home a B in the subject, just A’s – that her father tossed a stack of forms before her to complete one January day during her senior year in high school. “They were all these tax forms,” she recalls. “He […]

August Home Sales Post 10% Gain from Year Ago

YOUNGSTOWN, Ohio — Sales of single-family houses in the tri-county area in August were up 10% from a year earlier, newly released monthly data show. The data complied by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors show 534 single-family dwellings were sold last month in Mahoning, Trumbull and Columbiana […]

Which Protects Better: Debit or Credit Cards?

FOSTER CITY, Calif. — Consumers often ask whether debit or credit cards provide greater consumer protection against fraud. First, it’s important to know that consumers aren’t liable for unauthorized purchases. All major credit and debit card issuers provide $0 liability guarantees for unauthorized charges. Also important is that fraud isn’t all that prevalent. Of all […]

No Social Segment Exempt from Financial Illiteracy

YOUNGSTOWN,, Ohio — True story: When Danielle Cantrell was in college, she returned to her dorm room to hear her roommate, who came from a wealthy family, on the telephone. The roommate was explaining to her bank why she couldn’t have overdrawn her checking account. “I still have checks left in my checkbook!” Cantrell today […]

No Social Segment Is Exempt from Financial Illiteracy

YOUNGSTOWN,, Ohio — True story: When Danielle Cantrell was in college, she returned to her dorm room to hear her roommate, who came from a wealthy family, on the telephone. The roommate was explaining to her bank why she couldn’t have overdrawn her checking account. “I still have checks left in my checkbook!” Cantrell today […]

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