Banking & Finance

Credit Unions Bank on Relationships with Members

YOUNGSTOWN, Ohio — Credit unions need a critical mass to remain independent and provide the financial services their members want. The increasing number of regulations and cost of technology have compelled small credit unions with limited fields of membership to ask themselves: Can we remain independent? Or should we seek to merge with a similarly […]

FNB Reports Third-Quarter Net Income of $50.16M

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Wednesday reported net income of $50.16 million available to common shareholders, or 24 cents per common share. This compares to second quarter net income of $39.29 million, or 19 cents a share and third-quarter 2015 net income of $38.04 million, or 22 cents a […]

CEO Introduces Chemical Bank to Talmer Customers

YOUNGSTOWN, Ohio – The signage on the 16 offices of Talmer Bank and Trust will change to Chemical Bank Nov. 14, the CEO of Chemical Bank, David B. Ramaker, said Tuesday night at the DeYor Center. And more than the name will change as those served by Talmer become customers of Chemical Bank, a financial […]

UCFC Reports Third-Quarter Income of $5.15 Million

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., Tuesday reported third-quarter net income of $5.15 million, or 11 cents per diluted share. This compares to second-quarter net income of $5.33 million, or 11.2 cents per diluted share and third-quarter 2015 net income of $4.14 million, or 8.6 […]

House Sales on Par with 2015 in 3-County Region

YOUNGSTOWN, Ohio – Sales this year of single-family houses in the tri-county area through the first nine months of 2016 remain on par with a year ago, despite declines in all three counties last month. Year-to-date, 621 houses have been sold through September in Columbiana County, up 6.0% from 586 a year earlier. In Mahoning […]

Ohio’s Home, Auto Insurance Rates Among Lowest

COLUMBUS, Ohio — Average rate changes in 2015 for Ohio’s top 10 homeowners and private passenger auto insurance groups increased by their smallest amounts in years, according to  Lt. Gov. Mary Taylor. Homeowners’ insurance experienced a 1.5% adjustment, the lowest change since 2007, while auto insurance had its slightest rise in four years at 2.3%. […]

PNC Finds Businesses Positive about Economy

PITTSBURGH – The Ohio and U.S. economies are performing well – “Ohio’s economy is at cruising speed,” reports PNC economist Mekael Teshome – the difference being the greater extent Ohio businesses expect to add to their workforces over the next six months. Where small- to middle-market business owners across the United States are “upbeat about […]

Cortland Bank Adopts New Logo in Rebranding Effort

CORTLAND, Ohio – The main office of Cortland Bank has a new look, navy blue and light blue letters and a new logo, that should be on all 13 offices by the end of the year. “Cortland” appears in sky blue, “Bank” in navy, with no space between the words. The new logo has the […]

Foreclosure Rate Drops, Still Higher than Nation’s

YOUNGSTOWN, Ohio — The foreclosure rate among outstanding mortgage loans in the Youngstown-Warren-Boardman area was 1.73% in July, a drop of .22 percentage points compared to July 2015 when the foreclosure rate was 1.95%. Still, the foreclosure rate here was higher here than the national foreclosure in July, which was 0.93 %, according to CoreLogic, […]

Cardinal Credit Union Enters Mahoning County

AUSTINTOWN, Ohio – Cardinal Credit Union staff held the 10-foot length of blue ribbon their new president and CEO, Christine Blake, cut Tuesday afternoon in front of its newest branch here in the Austintown Plaza. The brief ceremony celebrated the entrance of the credit union headquartered in Mentor into Mahoning County. With Blake were state […]

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