Banking & Finance

First Niles Financial Reports Net Income of $16,000

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Tuesday reported third-quarter net income of $16,000, or a penny a share. This compares to second-quarter net income of $16,000, or a penny a share, and third-quarter 2015 net income of $21,000, or two cents a share. […]

FirstMerit Acquisition Reduces Huntington Earnings

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington National Bank, Wednesday reported third-quarter net income of $127 million, or 11 cents per diluted share. This compares to second-quarter net income of $175 million, or 19 cents per share, and third-quarter 2015 income of $153 million, or 18 cents a share. Huntington closed on […]

Cortland Bancorp Reports 3Q Net Income of $1.20M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Tuesday reported third-quarter net income of $1.20 million, or 27 cents a share. This compares to second-quarter net income of $1.17 million, or 27 cents a share, and third-quarter 2015 net income of $1.23 million, or 27 cents a share. The board of directors declared […]

Update: FNB to Hire 30-50 Staff at Hermitage Center

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, said Monday that it will open a new operations and customer service center in Pittsburgh later this year and hire more employees to work in its operations center in Hermitage. F.N.B., which moved its headquarters to Pittsburgh from Hermitage, said it will hire “nearly […]

Csontos to Succeed Safarek as CEO, First Niles Says

NILES, Ohio – Daniel E. Csontos, vice president and chief financial officer of First Niles Financial Inc. and its subsidiary, Home Federal Savings and Loan Association of Niles, will succeed Lawrence Safarek as president and CEO when Safarek retires Dec. 1. First Niles made the announcement Monday. Csontos has been with the bank 21 years […]

FNB to Add to Operations Staff at Hermitage

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, said Monday that it will open a new operations and customer service center in Pittsburgh later this year and hire more employees to work in its operations center in Hermitage. F.N.B., which moved its headquarters to Pittsburgh from Hermitage, said it will hire “nearly […]

At Roundtable, CPAs Tell How They Help Businesses

BOARDMAN, Ohio – Entering data into accounting software that does the calculations and work for you should save bookkeepers a lot of time. However, when a bookkeeper enters data into software – a seemingly simple and routine task — he has to enter it correctly. If he doesn’t, the CPA advising the company can spend […]

At Round Table, CPAs Tell How They Help Businesses

BOARDMAN, Ohio – Entering data into accounting software that does the calculations and work for you should save bookkeepers a lot of time. However, when a bookkeeper enters data into software – a seemingly simple and routine task — he has to enter it correctly. If he doesn’t, the CPA advising the company can spend […]

Huntington Bank Remains No. 2 SBA Lender in US

COLUMBUS, Ohio – Huntington Bank remains the second-largest source of U.S. Small Business Administration loans in the United States and the largest in the Midwest, Maggie Ference said Thursday. Ference is the bank’s SBA group manager. Since 2011, Huntington has ranked within the top three in the United States, once reaching No. 1, and has […]

Farmers Reports Net Income of $5.38 Million

CANFIELD, Ohio – Farmers National Banc Corp. reported third-quarter net income of $5.38 million Thursday, or 20 cents per diluted share. This compares to second-quarter net income of $5.02 million, or 19 cents a share, and third-quarter 2015 net income of $1.86 million, or seven cents a share. Farmers is the holding company of Farmers […]

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