Banking & Finance

Low Consumption of Services Holds Back Expansion

CLEVELAND — Economic growth since the end of the Great Recession has been subdued and how consumption patterns have changed in this recovery – especially of services — help to explain why, two researchers at the Federal Reserve Bank of Cleveland find. In a paper released last week, two economists in the Cleveland Fed’s research […]

NRF Forecasts Retail Sales to Increase 4.1% in 2015

WASHINGTON — The National Retail Federation projects retail industry sales (which exclude automobiles, gas stations, and restaurants) will increase 4.1%, up from the 3.5% growth seen in 2014. In its 2015 economic forecast, released Thursday, the trade organization said it expects non-store sales in 2015 to grow between 7% and 10%. The 4.1% increase overall […]

SBA Expands Access to Loans from Credit Unions

Ohio Liquor Sales Top $949 Million in 2014

Fed Policy Analyst Addresses MVEDC Bankers' Breakfast

First Niles Reports 4Q Net Income of $32,000

MVEDC Names Huntington Its Most Active Lender

VIENNA TOWNSHIP, Ohio -- The Mahoning Valley Economic Development Corp. honored Huntington Bank this morning as its most active lender and awarded the bank its Perpetual Plaque. The bank gets to keep the plaque for a year.

Despite Climb, Gas Prices Down $1.11 from Year Ago

PITTSBURGH -- Gas prices are up 20 cents from a week ago in northeastern Ohio, but the average price is still down more than $1 from the price motorists were paying a year ago, AAA East Central’s Fuel Gauge report shows.

Foreclosures, Delinquencies Decline in November

YOUNGSTOWN, Ohio -- Foreclosure rates in the Youngstown-Warren-Boardman metropolitan statistical area declined in November 2014 from the same period the year before, CoreLogic reports.

First National Bank Names Kreider to Head NW Region

PITTSBURGH -- First National Bank of Pennsylvania has named Frank Kreider regional president for its northwestern region that consists of six counties in northwestern Pennsylvania and two in northeastern Ohio.


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