Banking & Finance

Dissident Shareholder Joins Board of First Niles Financial

NILES, Ohio – Lance F. Osborne, who last April sought election to the board of First Niles Financial Inc. as a dissident shareholder, has joined the board at the invitation of the new president and CEO, Dan Csontos. Osborne, president of Osborne Capital Group, joined the board of both the holding company and its subsidiary, […]

Seven Seventeen Begins Serving KOFE April 1

WARREN, Ohio – Beginning April 1, the Seven Seventeen Credit Union is offering KOFE (pronounced “coffee”), a product of Consolidated Credit, to its members, the credit union announced Tuesday. KOFE, the acronym for Knowledge of Financial Education, replaces the credit union’s Balance Financial Fitness program, Seven Seventeen Senior Vice President Eric Lanham said. Lanham heads […]

Muransky to Join Board of Farmers National Banc Corp.

CANFIELD, Ohio – Edward W. Muransky, chairman of the Muransky Companies and chairman and CEO of Southwoods Health, has been nominated to serve on the Board of Directors of Farmers National Banc Corp., a Farmers spokeswoman announced Thursday. Farmers is the holding company of Farmers National Bank, Farmers Trust Co., Farmers National Insurance LLC and […]

House Sales Down in February in Mahoning Valley

YOUNGSTOWN, Ohio – House sales in the Mahoning Valley continued to lag behind 2016 numbers as 305 houses were sold in February, according to data from the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors. Last month’s total is a drop from both February 2016, when 337 houses were sold, and […]

Warren Medical Center Sold in Foreclosure for $3 Million

WARREN, Ohio — The North Mar Medical Center, a six-building, 62,295-square-foot office park at 3843 E. Market St. here, was sold in foreclosure to the loan noteholder, a commercial mortgage securities trust, for $3 million. The sale price equates to about $48 per square foot. The transaction tops commercial real estate sales during the month […]

Chemical Bank to Ring Bell to Mark 100 Years

MIDLAND, Mich. – Chemical Bank will celebrate the 100th anniversary of its first office by ringing the opening bell at Nasdaq in New York City this morning. Chemical Bank opened March 14, 1917 in downtown Midland, Mich., as Chemical State Savings Bank. Today, it has 249 offices and more than 3,500 employees in three states, […]

Farmers Bank to Buy Monitor Bank in Holmes County

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers National Bank, announced this morning that it will pay $7.8 million to acquire Monitor Bancorp Inc., holding company of Monitor Bank in Big Prairie. The sale is expected to close in the third quarter, a Farmers spokeswoman said, and requires that Monitor shareholders meet […]

Mahoning Valley Car Sales up 6.8% in February

YOUNGSTOWN, Ohio – Automobile dealerships in the Mahoning Valley reported a total of 4,283 cars, trucks and SUVs sold in February, a 6.8% jump from 2016, according to data from the Greater Cleveland Automobile Dealers Association. New car sales in Mahoning, Trumbull and Columbiana counties, which totaled 2,507 last month, climbed 15.5%, while used car […]

For Commercial Lenders, Building Relationships is a Must

YOUNGSTOWN, Ohio – To be a successful commercial banker requires a temperament that encompasses excellent interpersonal skills and analytical skills that usually take anywhere from two to five years to learn after being hired. Even then, staying on top of the game entails refreshers and updates in changing regulations and technology. But some things haven’t […]

Higher Morale at Small Businesses with Pension Plans

SAN RAMON, Calif. — Many small-business owners might think they have enough headaches meeting payroll, dealing with government regulations and pleasing their customers. And setting up a retirement plan for their employees is more work – and expense – they can do without. But creating such a plan is more feasible than they may realize […]

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