Banking & Finance

Huntington Reports $178M Fourth-Quarter Net Income

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington Bank, Thursday reported fourth-quarter net income of $178 million, or 21 cents per diluted common share and full-year net income of $693 million, or 81 cents per diluted common share. This compares to fourth-quarter 2014 net income of $164 million, or 19 cents a share, […]

House Sales in Mahoning Valley Rise 10.1% in 2015

YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county region in 2015 finished 10.1% ahead of 2014, despite a softening in sales in Mahoning County in December. During 2015, 5,543 houses were sold in Mahoning, Trumbull and Columbiana counties, compared with the 5,033 sold during the previous year, according to data provided by the […]

Free File Alliance Offers Tax Preparation Software

WASHINGTON – Those who pay federal income taxes and had $62,000 or less in adjusted gross income in 2015 can file their federal returns for free, the Internal Revenue Service and Free File say. Free federal tax preparation and e-filing software is available at www.IRS/FreeFile. Many state returns can be e-filed at no cost as […]

Shareholders OK Merger of FNB Corp., Metro Bancorp

PITTSBURGH – At special meetings here and in Harrisburg Thursday, shareholders of F.N.B. Corp. and Metro Bancorp approved the merger of the two companies, the bank holding companies announced Thursday. With those votes counted and all regulatory approvals received, the merger should close Feb. 12, they said. At the F.N.B. meeting, 98% said yes, a […]

PNC Foundation Awards $6K to YWCA’s Discovery Place

YOUNGSTOWN, Ohio – The PNC Foundation awarded a $6,000 grant to the YWCA of Youngstown’s Discovery Place Preschool in recognition of the volunteer efforts of PNC Bank employees, the YWCA announced. The grant will help the YWCA of Youngstown to continue offering quality, affordable early care and education for children ages 6 weeks through 12 […]

PNC Bank, YSU Enter 10-Year Contract

YOUNGSTOWN, Ohio – PNC Bank has contracted with Youngstown State University for 10 years to provide its students, faculty and employees with several financial services that include student financial education, the bank and the university announced Tuesday. The agreement took effect Jan. 1 and runs through Dec. 31, 2025. Under its terms, YSU would pay […]

Middle Market Firms See M&A as Route to Growth

CLEVELAND – After middle market companies experiencing several years of low or no internal growth, more than half of middle-market executives surveyed say “that mergers and acquisitions may be the best, or only, strategy to realize meaningful growth,” Citizens Bank said Monday. While the economy continues in recovery, said Bob Rubino, executive vice president in […]

New Vehicle Sales Up in Valley for December

YOUNGSTOWN, Ohio – Sales of new cars and trucks rose 4.5% in December compared to the same month in 2014 among dealers in Mahoning, Trumbull and Columbiana Counties, the Automobile Dealers Association of Eastern Ohio reported Thursday. ADAEO said that 2,410 new-vehicle titles cleared during the month versus 2,306 in December 2014. For the year, […]

Mahoning Valley House Prices Counter US Trend

YOUNGSTOWN, Ohio – While CoreLogic data show that house prices in Ohio and the United States rose in November, the average price of a house sold in the Mahoning Valley dropped, albeit only 0.1%. In the California company’s monthly report released Tuesday, the CoreLogic Home Price Index and related Forecast data for November 2015 show […]

Foreclosure Rates Fall to 1.83% in October

YOUNGSTOWN, Ohio – Foreclosure rates in October in Mahoning and Trumbull counties in Ohio and Mercer County, Pa., fell from a year ago but are still above the national rate, reports the California-based financial analytics company CoreLogic. The foreclosure rate in the Youngstown-Warren-Boardman metropolitan statistical area was 1.83% in October, down 0.24% from the same […]

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