Banking & Finance

As Auto Sales Rises, So Do Lengths of Loans

YOUNGSTOWN, Ohio – During the first quarter, more than one-fourth of those who bought new cars and light trucks financed them with loans 73 to 84 months in length – 6½ to seven years – Experian Automotive reports. Experian and Equifax are two of the three major credit reporting agencies in the United States. The […]

Mortgage Demand Rises with Economy

YOUNGSTOWN, Ohio — The growing demand for mortgages, especially among first-time buyers, and home-equity lines of credit reflect both increased consumer confidence and a healthier economy, bankers say. “We are seeing an increase in first-time home buyers,” says John Lacy, Mahoning Valley sales manager for Huntington Bank. “Buyers are aggressive and plentiful.” Home-equity loans at […]

Acquisition of 1st NC Bank Strengthens Farmers’ Hand

CANFIELD, Ohio – Farmers National Banc Corp. will provide customers of Tri-State First Banc Inc. with financial services that Tri-State exited late last year, said the president and CEO of Farmers, Kevin J. Helmick, most notably wealth management and insurance. Farmers and Tri-State, holding company for 1st National Community Bank of East Liverpool, announced their […]

Farmers Banc Corp. to Acquire Tri-State First Banc

CANFIELD, Ohio — Farmers National Banc Corp, holding company of Farmers National Bank of Canfield, today announced it has agreed to buy Tri-State First Banc Inc., holding company for 1st National Community Bank of East Liverpool, for $14.2 million If approved by shareholders of both companies and regulators, the transaction would close in the fourth […]

Mahoning Valley Real Estate Market On the Rise

YOUNGSTOWN, Ohio — Programs such as “Flip or Flop” or “Love It or List It” might be ratings hits, but Gina Shutrump is concerned that they raise unrealistic expectations for buyers. “They want the ‘after’ picture,” the managing broker in the Canfield office of Howard Hanna Real Estate observes. “They see too much HGTV. They […]

Valley Real Estate Market On the Rise

YOUNGSTOWN, Ohio — Programs such as “Flip or Flop” or “Love It or List It” might be ratings hits, but Gina Shutrump is concerned that they raise unrealistic expectations for buyers. “They want the ‘after’ picture,” the managing broker in the Canfield office of Howard Hanna Real Estate observes. “They see too much HGTV. They […]

Best Business Advice? Ask for Advice.

YOUNGSTOWN, Ohio — The earlier financial expertise is brought into forming a business or determining the course it should take, the better off the client is, certified public accountants say. “The biggest mistake I see is when a client enters into a transaction and tells the adviser after the fact,” says Lisa Loychik, a tax […]

Ryan, Colleagues Call for Pension Protection

WASHINGTON – U.S. Rep. Tim Ryan, flanked by U.S. Sen. Bernie Sanders and U.S. Rep. Marcy Kaptur, announced legislation Thursday to be introduced in the U.S. House of Representatives and Senate that would restore pension guarantees for retired union workers, undoing pension cuts that were included in a spending bill passed by the 2014 lame-duck […]

Alan Brant Dies, Led Second National Bank

CORTLAND, Ohio – Alan G. Brant, who led the growth of the former Second National Bank of Warren, died Monday in the Lake Vista Retirement Community. He was 83 and had been in ill health. During his tenure as CEO of Second National Bank – its network of offices today part of Huntington Bank – […]

Mahoning, Trumbull Home Sales Show Gains in May

YOUNGSTOWN, Ohio — Home sales in Mahoning and Trumbull counties last month were up at least 15% over the same period a year earlier, and year-to-date figures are up by at least 12% in both counties,  statistics show. The numbers  were released Tuesday by the Centralized Real Estate Information Services Multiple Listing Service, which based […]

Pages

Subscribe to RSS - Banking & Finance