Banking & Finance

Chemical Financial Corp. Raises Dividend

MIDLAND, Mich. – Chemical Financial Corp., parent of Chemical Bank, today announced a third quarter cash dividend of 28 cents per share payable Sept. 15 to shareholders of record on Sept. 1. The dividend is a penny higher representing a 3.7% per share increase from the previous quarter’s 27 cents per share. Chemical Bank, with […]

First Niles Announces Q2 Net Income of $124,000

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association, reports second-quarter net income of $124,000, or 11 cents a share. This compares to net income of $16,000, or 1 cent a share, for the year-ago quarter. First Niles attributes the increase to “net income in the current three […]

Former Byzantine Church to Be Auctioned Aug. 15

NEWTON FALLS, Ohio – St. Michael Byzantine Church and its 12-acre campus will be auctioned Aug. 15, according to the auction house contracted to sell the property. “It’s a very modern building,” said Jeff Byce, president of Byce Auction and Byce Realty in Youngstown. “It has a full industrial kitchen and dining hall.” The campus […]

UCFC Reports Record Second-Quarter Net Income

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank and the James & Sons Insurance agency, Tuesday reported second-quarter net income of $8.2 million, or 16.3 cents per basic share. The $8.2 million, UCFC noted, is a record for second-quarter earnings. First-quarter net income was $1.54 million, or 3.2 cents per […]

GE Delays Auction of Ohio Sites Until July 21

YOUNGSTOWN, Ohio – An online auction of three former General Electric plant sites originally scheduled for last Friday will now take place this coming Friday. The plant sites – at Youngstown, Warren and Niles – are among six former GE plant sites in Ohio that will be auctioned July 21 by Hilco Real Estate. The […]

Foreclosure, Delinquency Rates Down in Valley

YOUNGSTOWN, Ohio — The rate of mortgage in some state of delinquency (30 days or more past due including those in foreclosure) in the Youngstown-Warren-Boardman metropolitan area in April was 7.5%, compared to 7.8% in April 2016, CoreLogic, a California-based data and analytics company reports. Despite the decrease, the April delinquency rate locally was higher than […]

2 Riverfront Properties Listed for Sale Near Downtown

YOUNGSTOWN, Ohio – Two hospitality properties now on the market could provide an opportunity to extend downtown Youngstown’s success, real estate professionals handling the properties say. The former Anthony’s on the River and the B&O Station and associated properties are being activity marketed. The D’Amico Agency has listed the B&O site for $1.625 million on […]

Slight Drop in Residential Market, CoreLogic Reports

YOUNGSTOWN, Ohio – Prices for homes sold in the region during May were down 0.8% compared to a year earlier, an industry index reported Wednesday. The dip for sale prices in the Youngstown-Warren-Boardman metropolitan statistical area – which included distressed sales – was counter to the national trend as reported by the CoreLogic Home Price […]

Best Western Meander Inn Sold for $2.42 Million

YOUNGSTOWN, Ohio — The largest commercial real estate transaction last month in the Mahoning Valley was the $2.42 million sale of the Best Western Meander Inn at 870 N. Canfield Niles Road in Austintown. The hotel property was acquired June 13 by Bansidhar LLC, a private investment firm in North Ridgefield. The 57-room inn sold […]

PNC Economists Assess Economy Halfway Through 2017

PITTSBURGH — Just a year ago, Britain surprisingly exited the European Union, a heated U.S. presidential race entered its final lap, and the stock market reached a 52-week low. Fast forward to today, and we’re looking at a much different picture. When it comes to today’s economy, upside potential co-exists with downside risks, making for […]

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