Banking & Finance

Foreclosure, Delinquency Rates Decline in Valley

YOUNGSTOWN, Ohio — Foreclosures in the Youngstown-Warren-Boardman metropolitan area in May were down nearly three-fourths of a percentage point from a year earlier, reports CoreLogic, a California-based provider of property information and analytics. The local foreclosure rate among outstanding mortgage loans in May was 1.77%, compared with 2.48% in May 2014. It also was down […]

First Niles Reports $24,000 2nd-Quarter Net Income

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, reports second-quarter net income of $24,000, or two cents a share. This compares to first-quarter net income of $117,000, or 11 cents a share, and second-quarter 2014 net income of $122,000, or 11 cents a share. The […]

Cortland Bancorp Reports 2Q Net Income of $918,000

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Savings and Banking Co., Friday reported second-quarter net income of $918,000, or 21 cents per share, and first half net income of $2.1 million, or 46 cents per share. First-quarter net income was $1.1 million, or 25 cents a share. Second-quarter 2014 net income was $1.0 […]

FNB Reports Record Revenues, Net Income

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, reported second-quarter net income available to common shareholders of $38.12 million, or 22 cents per common share. Total net income was $40.13 million. This compares to net income available to holders of common shares of $38.33 million the first quarter, or 22 cents a […]

Huntington Reports Record Second-Quarter Net Income

COLUMBUS, Ohio – Huntington Bancshares Inc., parent of Huntington Bank, Thursday reported second-quarter net income of $196.2 million, a record for any second quarter, or 23 cents per common share. The $196.2 million is $31.6 million higher than the net income reported a year ago and $300,000 above that reported for the first quarter. Earnings […]

UCFC Reports Second-Quarter Net Income of $4.13M

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., reported second-quarter net income of $4.13 million, or 8.5 cents per basic share, 8.4 cents per diluted share. This compares to net income of $3.67 million the first quarter, or 7.5 cents per basic share, and $42.40 million the […]

Farmers Bank Promotes Mark Witmer, Tim Shaffer

CANFIELD, Ohio – Mark R. Witmer is officially senior executive vice president and chief banking officer of Farmers National Bank, Kevin J. Helmick, president and CEO, announced Wednesday. Helmick also announced the promotion of Tim Shaffer, a senior vice president, as East regional president. Under the agreement that Farmers and First National Bank of Orrville […]

PNC Reports $1 Billion Net Income for 2nd Quarter

PITTSBURGH – PNC Financial Services Group Wednesday reported second-quarter net income of $1.044 billion, or $1.88 per diluted common share. This compares to the $1.004 billion in net income, or $1.75 per diluted common share, it reported for the first quarter and $1.052 billion net income, or $1.85 per diluted common share, the second quarter […]

Home Sales Show Big Gains in Mahoning, Trumbull

YOUNGSTOWN, Ohio – Sales of houses for the first half of the year are up by at least 14% from a year ago in both Mahoning and Trumbull counties, newly released reports show. In addition, sales in Mahoning County during June are up nearly 29% from June 2014. Through the first six months of 2015, […]

Mahoning Valley Auto Sales Rise 5.6% in June

YOUNGSTOWN, Ohio – Sales of new and used cars in the Mahoning Valley rose last month, figures from the Automobile Dealers Association of Eastern Ohio show. In June, dealerships in Mahoning, Trumbull and Columbiana counties sold 6,532 vehicles, a 5.6% increase over June 2014. Sales of new cars were up 4.6% last month, totaling 2,810. […]

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