Banking & Finance

Cortland Reports Strong Earnings, 7¢ Cash Dividend

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Banks, Tuesday reported first-quarter net income of $1.36 million, or 31 cents per share, a 19% increase over year-ago first-quarter net income of $1.15 million, or 25 cents a share. It was also a 25% increase over the net income Cortland reported for the fourth quarter […]

Dissidents Face Steep Climb to Sit on First Niles Board

NILES, Ohio – The annual meeting Wednesday afternoon of First Niles Financial Corp., holding company of the Home Federal Savings and Loan Co. of Niles, promises to be anything but routine. Lance Osborne, who owns 7% of its shares, and Steven Passov, a commercial real estate broker, seek to unseat the chairman of First Niles, […]

FNB Completes Fifth Third Branch Purchases

PITTSBURGH — First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corp., announced today that last Friday it completed its acquisition of 17 Fifth Third Bank branches  in Greater Pittsburgh. Through the transaction, F.N.B. said it has improved its Pittsburgh delivery channel, gaining critical mass and increasing both efficiency and access to new opportunities, […]

FNB Corp. Reports Income of $24.12 Million

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Friday reported first-quarter net income available to common shareholders of $24.12 million, or 12 cents a share. Total net income was $26.13 million. Income available to common shareholders compares to $37.11 million for the quarter ended Dec. 31, or 21 cents a share, and […]

Helmick Tells Shareholders Farmers’ Future Is Bright

CANFIELD, Ohio – The president and CEO of Farmers National Banc Corp. calls 2015 a “transformative year” for the company, noting it successfully closed two acquisitions and is prepared for more opportunities in 2016. “It helped us grow our assets from $1.1 billion to $1.9 billion,” Kevin J. Helmick said following the company’s annual meeting […]

Huntington Reports First-Quarter Income of $171M

COLUMBUS, Ohio – Huntington Bancshares Inc., parent of Huntington National Bank, Wednesday reported first-quarter net income of $171 million, or 20 cents per diluted common share. This compares to fourth-quarter net income of $178 million, or 21 cents per diluted share, and year-ago first-quarter net income of $166 million, or 19 cents per diluted share. […]

Farmers Banc Corp. Reports Net Income of $4.8 Million

CANFIELD, Ohio – Farmers National Banc Corp. reports net income for the quarter ended March 31 of $4.798 million, or 18 cents a share. This compares to fourth-quarter net income of $3.175 million, or 12 cents a share, and year-ago first-quarter net income of $2.211 million, or 12 cents a share. Farmers is the parent […]

UCFC Reports $3.32 Million in First-Quarter Income

YOUNGSTOWN, Ohio – United Community Financial Corp., parent of the Home Savings and Loan Co., Tuesday reported first-quarter net income of $3.32 million, or 6.9 cents per diluted share. This compares to fourth-quarter 2015 net income of $4.33 million, or 9.0 cents per diluted share, and year-ago first-quarter income of $3.69 million, or 7.4 cents […]

Home Savings Promotes Radis; Hires Young as CIO

YOUNGSTOWN, Ohio – The Home Savings and Loan Co. has promoted Barbara Radis to executive vice president for retail banking and hired Douglas Young as senior vice president and chief information officer, Gary M. Small, president and CEO, announced Friday. Home Savings is the primary subsidiary of United Community Financial Corp. Small noted Young’s more […]

House Sales Here See 6.6% Gain YTD

YOUNGSTOWN, Ohio – For the first quarter,  sales of single-family houses in Mahoning, Trumbull and Columbiana counties ran 6.6% ahead of last year’s pace at the same point. Unit sales totaled 1,148 through March, compared with 1,077 for the same three months in 2015, according to monthly statistics provided by the Youngstown Columbiana Association of […]

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