Banking & Finance

Home Sales Finish Year Just Ahead of 2015 Figures

YOUNGSTOWN, Ohio – Home sales in the tri-county region in 2016 finished slightly ahead of sales in 2015, despite a year-over-year dip in December. Reports, drawn from information compiled by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors, show 5,661 houses were sold in Mahoning, Trumbull and Columbiana counties last […]

FNB Corp. Reports 4Q Net Income of $49.28 Million

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Wednesday reported fourth-quarter net income of $49.28 million available to shareholders, or 23 cents per common share, and full-year 2016 net income of $162.85 million, or 78 cents per diluted common share. This compares to third-quarter net income of $50.16 million, or 24 cents […]

Economists’ Outlook: More Job Growth, Rising Wages

WASHINGTON – The economy will continue to add jobs this year and next, the difference being that real wages will rise as well, say the chief economists of 17 major banks. The chief economists comprise the Economic Advisory Committee of the American Bankers Association, which met here last week. They see the U.S. economy continuing […]

Regulators Approve UCFC Buying Ohio Legacy Corp.

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., said Thursday that it has received all needed regulatory approvals to acquire Ohio Legacy Corp., holding company of Premier Bank & Trust. The purchase , a stock and cash deal valued at $40.3 million announced Sept. 8, is expected […]

Investment Bank Outlines $32.1M Financing for Stambaugh Project

YOUNGSTOWN, Ohio — BGL Real Estate Advisors LLC announced this week that is has completed $32.1 million of development financing for NYO Property Group and Pan-Brothers Associates to support the conversion of the Stambaugh Building into a hotel. The transaction represents the fourth tax credit financing in the past 12 months for the real estate division […]

Krinos Charged with Defrauding Investors $1.2M

CLEVELAND —  George N. Krinos, the former mayor of Campbell, today was charged in federal court with defrauding investors out of nearly $1.2 million and related tax violations. The charges were jointly announced by Carole S. Rendon, U.S. attorney for the Northern District of Ohio, Stephen D. Anthony, special agent in charge of the FBI, […]

House Prices Rise Slightly in Region

YOUNGSTOWN, Ohio – House prices in the Youngstown-Warren-Boardman metro area rose 0.1% in November compared to a year earlier, CoreLogic reports. On a month-to-month basis, prices dropped 1.7% from October. The report factors in distressed house sales, which include those in foreclosure, being sold by the original lender or by homeowners owing more than the house […]

Ohio Offers Search to Find Unclaimed Insurance Money

COLUMBUS, Ohio – The Ohio Department of Insurance wants to help residents of the Buckeye State discover whether they are beneficiaries of life insurance policies or annuities they didn’t know existed. The director of the insurance department, Lt. Gov. Mary Taylor, said this week that its a search service, begun in 2009, “helps Ohioans identify […]

How Technology Impacts Commercial Behaviors

By Aaron Smith and Monica Anderson Pew Research Center WASHINGTON — Americans are incorporating a wide range of digital tools and platforms into their purchasing decisions and buying habits, according to a Pew Research Center survey of U.S. adults. The survey finds that roughly eight-in-10 Americans are now online shoppers: 79% have made an online […]

Through 11 Months, Home Sales Ahead of 2015

YOUNGSTOWN, Ohio – Sales of houses in the three-county area are running 2.4% ahead of last year, newly released data show. During the first 11 months of 2016, real estate agents and brokers in Mahoning, Trumbull and Columbiana counties sold a combined 5,210 houses, according to the monthly reports from the Youngstown Columbiana Association of […]

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