Banking & Finance

Cortland Bank Meets or Exceeds Goals in 3-Year Plan

WARREN, Ohio – Cortland Bancorp is meeting or exceeding most of the goals in the three-year strategic plan its management laid out last year, its president and CEO told shareholders Tuesday, and the future of Cortland Bank looks bright. The CEO, James Gasior, presided over a quiet routine annual meeting at the Trumbull branch of […]

FNB Corp. Implements Board Succession Plan

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, announced Tuesday the implementation of its board succession plan to ensure continuity of board leadership roles as a result of upcoming retirements. The board appointed Vincent J. Delie, Jr.  president and CEO of F.N.B. effective May 18 and as board chairman beginning Dec. 20. Delie […]

Specialty Mortgage Companies Fill the Gaps

YOUNGSTOWN, Ohio — For those seeking a mortgage or participate in government-backed home-buying programs unavailable through conventional lenders, independent mortgage companies can help. “A lot of people are surprised that conventional banks don’t offer products such as Veterans Administration loans or USDA [U.S. Department of Agriculture] loans,” says William Dawes, manager of the Salem branch […]

FNB Declares Dividend, Names Directors

PITTSBURGH – F.N.B. Corp., holding company for First National Bank of Pennsylvania, announced Wednesday its board of directors has declared a quarterly cash dividend of 12 cents per share on its common stock. F.N.B. has total assets of $30 billion, and operates more than 400 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina […]

YTD Home Sales for Region Outpace 2016

YOUNGSTOWN, Ohio – Sales of houses in the tri-county area in April were up about 5½% from the same month a year ago, and sales year-to-date are slightly ahead of last year’s pace, despite declines in Mahoning County. Combined sales in Trumbull, Mahoning and Columbiana counties totaled 512 units last month, up 5.4% from the […]

Packer Thomas Acquires Anness Gerlach & Williams

CANFIELD, Ohio —  Packer Thomas, a regional public accounting and business consulting firm, announced Tuesday that it has acquired Anness, Gerlach & Williams CPA’S. Terms were not disclosed. Anness, Gerlach & Williams, founded in 1984, employs 17 and is based in Boardman. Packer Thomas, founded in 1923, has over 75 employees and serves domestic and […]

90-Acre Kirila Estate Up for Auction with $3.9M List Price

TRANSFER, Pa. — A 90-acre gated equestrian estate overlooking Shenango Lake will be sold at auction May 31 through Concierge Auctions. The property is currently listed for sale at $3.9 million. The estate, at 101 Carrier Road in Pymatuning Township, is owned by Gene and Ginger Kirila. It was put on the market seven years […]

Businesses Bullish on Economy, PNC Survey Finds

PITTSBURGH – The PNC spring survey of small and mid-sized businesses finds that owners are the most optimistic about the prospects for their own businesses and the U.S. economy than they have been in 15 years. The chief economist of PNC Financial Services Group Inc., Guy Faucher, reports that more than three in five businesses, […]

Confidence in Economy Fuels Organic Growth: Survey

PROVIDENCE, R.I. – Confidence in the business climate and optimism about what lies ahead in 2017 for both the economy as a whole and their individual businesses is enabling small and medium business owners to make marketing, technology and operations investments that will fuel organic growth, a new survey from Citizens Bank finds. The survey […]

Girard Apartments Sold for $2.5M to Investor Group

GIRARD, Ohio – One Over Properties LLC, an investment group managed by Steven Lewis of MVC Advisors LLC, Boardman, has purchased a four-building, 106-unit apartment complex here for $2.5 million or about $23,150 per unit. The complex, Timber Ridge Apartments, was built in 1980 at 1104 E. Liberty St., and consists of one- and two-bedroom […]

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