Banking & Finance

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 […]

3 Medical Office Buildings Sold During August

By Mark Heschmeyer YOUNGSTOWN, Ohio — Medical office buildings continue to be popular investment properties in the Mahoning Valley. Add three more to the 23 such properties sold since the beginning of 2015. On Aug. 9, Doctors Ray and Thomas Boniface sold their clinic at 835 McKay Court in Boardman to Mercy Health Youngstown LLC […]

Updated: Execs Discuss UCFC Purchase of Premier Bank

YOUNGSTOWN, Ohio — United Community Financial Corp., holding company of the Home Savings and Loan Co., will purchase Ohio Legacy Corp., parent of Premier Bank & Trust, for $40.3 million in stock and cash, the companies announced Sept. 8 after markets closed. Under the definitive agreement the boards of directors reached, UCFC will pay roughly […]

Home Savings to Enter Akron and Canton Markets

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., will purchase Ohio Legacy Corp., parent of Premier Bank & Trust, for $40.3 million in stock and cash, the companies announced Thursday after markets closed. Under the definitive agreement the boards of directors reached, UCFC will pay roughly $18 […]

F.N.B. Capital Partners Adopts New Name, Tecum

PITTSBURGH – F.N.B. Capital Partners, an entity that takes investment positions in small businesses, Wednesday adopted a new name, Tecum Capital Partners. While F.N.B. Capital Partners was formed in 2005 as a subsidiary of F.N.B. Corp., parent of First National Bank of Pennsylvania, it was spun off in 2013. “Tecum,” Latin for with you, “more […]

Farmers Opens Mortgage Office in Beaver, Pa.

CANFIELD, Pa. – Farmers National Bank has opened a mortgage lending office in Beaver, Pa., and named Ted George to run it. George, who has 30 years’ experience as a mortgage banker, was named vice president and a mortgage loan consultant. A former employer named him loan officer of the year in 2007. “Ted’s experience […]

KeyBank Hires More Lenders to Serve Region

CLEVELAND — KeyBank has hired more bankers to better serve its markets in the Mahoning Valley and Akron-Canton and named a new manager to oversee those efforts, Kip Clarke announced today. Clarke, executive vice president, is the executive for the bank’s Midwest region. Clarke also announced that the KeyBank in Canfield is expanding with the […]

Business Execs Predict More Corporate Expansion

NEW YORK — Buoyed by higher profit growth expectations, business executives are predicting an increase in corporate expansion for the coming year, according to a new survey by the American Institute of Certified Public Accountants. The quarter AICPA Economic Outlook Survey polls CEOs, chief financial officers, controllers and other certified public accountants in U.S. companies […]

Home Savings Begins $1.2M Project at Boardman Office

BOARDMAN, Ohio – Workers from Roger Kreps Drywall & Plastering Co. Inc. carried sheets of drywall inside the Boardman office of the Home Savings and Loan Co. late Tuesday afternoon as bank officers and township trustees got ready to have their pictures taken outside tossing shovelfuls of dirt toward the parking lot. Inside, tellers were […]

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