Banking & Finance

Mercer County Bank Breaks Ground for 11th Branch

HERMITAGE, Pa. – The president of Mercer County State Bank expects to be operating the bank’s newest branch by Labor Day, he said at a ground-breaking ceremony here Thursday. Footers for the branch, to be built on an outparcel in front of the Hermitage Walmart on state Route 18, could be set as early as […]

First Niles 1st-Quarter Net Income Rises to $116K

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Monday reported first-quarter net income of $116,000, or 10 cents a share. This compares to first-quarter 2016 net income of $39,000, or three cents a share. The president and CEO, Daniel E. Csontos, attributed the results to […]

PNC Financial Group Names Faucher Chief Economist

PITTSBURGH –  PNC Financial Services Group announced Wednesday that Augustine (Gus) Faucher has been named chief economist effective immediately. Faucher succeeds Stuart G. Hoffman, who is retiring and transitioning to a new PNC role as senior economic adviser. “We look forward to Gus’s leadership and insight that will help the company and our customers to […]

Farmers Trust Company Names Smail as Chairman

CANFIELD, Ohio – Farmers Trust Co. has named James R. Smail, as chairman of the Farmers Trust Company Board effective the beginning of this year. “We are pleased to extend Jim’s expertise to the trust company,” stated Kevin J. Helmick, president and CEO at Farmers National Bank in a release. “He is a valued member […]

PNC Foundation Gives $5M to Help 200,000 Pupils

PITTSBURGH – The PNC Foundation today announced it is funding hundreds of pre-K classroom requests as part of a new $5 million grant to DonorsChoose.org that will provide teachers with better resources to encourage their pupils’ love of learning. It is the largest donation in the foundation’s history, according to PNC. Today’s donation of $504,000 […]

St. Clairsville Chamber to Help Home Savings Cut Ribbon

ST. CLAIRSVILLE, Ohio – Home Savings Bank Regional President Rick Hull and the St. Clairsville Chamber of Commerce officials will cut the ribbon at 9 a.m. Friday that officially opens the bank office at 107 Plaza Drive, Suite A. The office, formerly a branch of Premier Bank & Trust, opened a week ago as Home […]

Economic Outlook Is Stable for Mahoning Valley

POLAND, Ohio – Economic growth in the Mahoning Valley should remain stable this year but “could heat up again next year,” the chief investment officer of Huntington Private Bank, John Augustine, said Wednesday. Augustine, who oversees the $17 billion in assets the bank manages, addressed some of Huntington National Bank’s best customers here, small-business owners […]

Good Housing Market Boosts Demand for Equity Loans

YOUNGSTOWN, Ohio — With the arrival of spring, bankers see a rebound in home equity lending. But this year demand has surged well ahead of last year, four bankers report. An improving and healthy housing market undergirds the number of loans taken out, they say. “In the first two months of ’17 versus the same […]

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 […]

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