Banking & Finance

More Demand in Valley for Higher Priced Houses

YOUNGSTOWN, Ohio — Higher priced houses in the Mahoning Valley are on the move once again and enjoying a market not seen since the days before the Great Recession, real estate agents observe. “Consumer confidence is high, interest rates are still low, and gas prices are low,” notes Holly Ritchie, an agent for Keller Williams […]

Low Inventory, Low Rates: It’s a Seller’s Market

YOUNGSTOWN, Ohio — Marlin Palich hasn’t seen this market for residential properties in quite some time. Inventory is shrinking, houses are getting multiple offers and the competition for what’s available is driving selling prices above asking prices, he says. Palich is the Ohio division general manager for Northwood Realty Services, which has offices in Mahoning, […]

May House Sales Improve in Mahoning Valley

YOUNGSTOWN, Ohio – The number of houses sold in Mahoning, Trumbull and Columbiana counties in May was up 9.1% from the same period last year, and sales year-to-date are up 5% compared to the first five months of 2015. The latest monthly data reported by the Youngstown Columbiana Association of Realtors and the Warren Area […]

Farmers National Banc to Join Russell 3000 Index

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., will be added to the broad-market Russell 3000 Index June 27, Farmers announced Tuesday. Farmers’ inclusion in the index is based on the Russell U.S. Indexes’ annual reconstitution effective that date, according to a preliminary list of additions Russell […]

Cortland Banks Hires, Promotes 12 Employees

CORTLAND, Ohio – Cortland Banks has promoted, assigned additional responsibilities or hired 12 employees during the first half of the year, President and CEO James Gasior announced Monday. They are Stanley Magielski, Mark Taylor, David Bell, Kevin Culp, Ryan Skelly, Nate Marshall, Amy Manolio, Greg Stallman, Karen Jindra, Jacky Treharne, Michael Lipke and Juliana Marsco. […]

Shareholders OK Huntington Acquiring FirstMerit

COLUMBUS, Ohio – In separate meetings Monday, shareholders of Huntington Bancshares Inc. and First Merit Corp. approved the acquisition of the latter by the former, Huntington announced after markets closed Monday. FirstMerit shareholders met in Akron, Huntington shareholders in Columbus. In its Form 8K filed Tuesday with the Securities and Exchange Commission, Huntington reported that […]

Chase Branch Downtown to Vacate Grand Banking Hall

YOUNGSTOWN, Ohio – The downtown Chase branch will reduce its space on the ground floor by a third and vacate the remainder of its address, 6 W. Federal St., contractors said Tuesday morning. It will abandon the two-story grand banking hall with marble counters and with mosaics high on the walls that depict great Americans […]

Controlling Board OKs $3M for Valley Growth Ventures

YOUNGSTOWN, Ohio – With the Ohio Controlling Board releasing $3 million Monday, Valley Growth Ventures LLC could begin providing grants for technology-based startups by late summer. In April, the Ohio Third Frontier Program’s Pre-Seed/Seed Plus fund Capitalization Program approved the $3 million for Valley Growth Ventures, a partnership of the Youngstown Business Incubator, the Tech […]

AICPA Survey Finds More Optimism about Economy

NEW YORK – Business executives are feeling more confident about the U.S. economy’s prospects than last quarter, but remain more guarded in outlook than they were a year ago, according to the second quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial officers, controllers and accountants in U.S. companies who hold executive […]

Farmers Closes on Purchase of Bowers Agency

CANFIELD, Ohio – It’s official. Bowers Insurance Agency Inc., Cortland, is now part of Farmers National Banc Corp. Farmers’ purchase of the agency for stock and cash closed Wednesday, Kevin Helmick, president and CEO of Farmers National Banc Corp. and Farmers National Bank, announced yesterday. The insurance agency, to be known as The Bowers Group, […]


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