Banking & Finance

Cortland Bancorp Adds 2 Directors to Its Board

CORTLAND, Ohio – The board of directors of Cortland Bancorp, holding company of Cortland Saving and Banking Co., has expanded its membership to 12 from 11 and named two new members, J. Martin Erbaugh and Thomas P. Perciak. The president and CEO, James M. Gasior, made the announcement today. The board took the actions Dec. […]

Talmer Ends Loss-Share Agreements with FDIC

TROY, Mich. – Talmer Bancorp Inc. announced Monday that its wholly owned subsidiary, Talmer Bank and Trust, has ended its shared-loss agreements with the Federal Deposit Insurance Corp. Talmer acquired the assets of First Place Bank, Warren, Ohio, in bankruptcy court in January 2013, but those assets were not affected by the announcement. The shared-loss […]

State Provides Tax Credit for NCST Project

COLUMBUS, Ohio – The Ohio Development Services Agency recently awarded a tax credit worth more than $1.5 million for the New Castle School of Trades’ rehabilitation of the Oglevie Block in downtown East Liverpool. The state awarded a tax credit of $1,565,314 to assist the $8.6 million project. The award was part of the $37.8 […]

Economists React to Fed Decision to Raise Rates

YOUNGSTOWN, Ohio – As expected, the Federal Open Market Committee raised interest rates Wednesday for the first time in seven years to the day. The best known, the Fed funds rate, was raised to 0.5% from 0.25% but other less-known rates were raised as much or more, noted George Mokrzan, chief economist of Huntington Bank, […]

Farmers Bank Hires Shawn Pompelia

CANFIELD, Ohio – Farmers National Bank has hired Shawn Pompelia, a banker with more than 25 years of experience, as vice president and relationship manager in private client services, the company announced Wednesday. Pompelia will work out of Farmers Trust’s Howland office, 1625 Niles-Cortland Road. Pompelia began his career in banking in 1990 at Mahoning […]

House Sales Up 17.5% in Mahoning County

YOUNGSTOWN, Ohio – Sales of single-family houses in Mahoning County last month were up 17.5% from November 2014, while sales in Trumbull and Columbiana counties kept pace from sales a year ago. The latest monthly reports from data compiled by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors show 195 […]

Commercial Lenders Follow Different Career Paths

YOUNGSTOWN, Ohio – If you want your banker’s undivided personal attention, start or buy a small business. The commercial bankers who serve small enterprises are concerned about credit scores and credit histories. They meticulously go over the financial information provided, just as retail bankers review applications for mortgages, home equity and auto loans and credit […]

Business Insurance Needs Best Determined by the Pros

YOUNGSTOWN, Ohio – When a business needs advice on a financial matter, its first call is to its accountant. When a business needs answers on a legal issue, it’s a no-brainer to contact the company attorney. So, why then do some businesses continue to think they can tackle insurance issues without the proper counsel from […]

Inspiring Minds Receives $5,000 from Talmer Bank

WARREN, Ohio – Executives from Talmer Bank & Trust presented Inspiring Minds students and staff with a check for $5,000 Wednesday. The donation will help fund Inspiring Minds’ enrichment program, which inspires under-served students to graduate from high school, pursue post-secondary education and become strong, successful members of the society, said Deryck Toles, Inspiring Minds […]

September Foreclosures Decline Here, Statewide, Nationally

IRVINE, Calif. – Foreclosure rates in September in Mahoning and Trumbull counties in Ohio and Mercer County, Pa. were higher than the national rate, despite declining from a year ago, the financial analytics firm CoreLogic reported this morning. The rate of foreclosures among outstanding mortgage loans in the region that makes up the Youngstown-Warren-Boardman metropolitan […]

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