Banking & Finance

Home Savings Foundation Boosts Summer Reading Program

YOUNGSTOWN, Ohio — The Home Savings Charitable Foundation donated $10,000 Wednesday to the Public Library of Youngstown & Mahoning County to support its Summer Discovery summer reading program. The funds specifically will go to sponsor the Summer Discovery Author Breakfast featuring Nancy Krulik. Children who achieve eight badges in the summer reading program — “On […]

Ohio Gas Prices Down 10.4 Cents from Last Week

YOUNGSTOWN, Ohio — Average retail gasoline prices in Ohio fell 10.4 cents per gallon in the last week, averaging $2.18 per gallon, according to GasBuddy.com’s daily survey of 5,345 gas outlets in the state. Nationally, the average has fallen 3.0 cents per gallon over the past week to $2.26 per gallon. In the Youngstown-Warren area, […]

Small Business Is MVEDC’s Business

YOUNGSTOWN, Ohio — The Mahoning Valley Economic Development Corp. is proof that government – federal, state and local – has an important role to play in directly priming and sustaining the economy, in this case in eastern Ohio and western Pennsylvania. Founded in 1979 in the wake of the collapse and retrenchment of the steel […]

Sequoia Announces Acquisition of RAV Financial

AKRON, Ohio – Sequoia Financial Group, an affiliate of Cohen & Co., will acquire RAV Financial, Beachwood, Sequoia President and CEO Tom Haught announced this week. Terms of the agreement were not disclosed. RAV will adopt the Sequoia name Oct. 1, Haught said. With the $500 million in assets RAV has under advisement, Sequoia will […]

Foreclosures, Delinquencies Down in Valley

YOUNGSTOWN, Ohio – The rate of foreclosures in the Youngstown-Warren-Boardman metropolitan area in April was 1.75%, down from 1.88% in April 2015, CoreLogic reports. Despite the decrease, the April foreclosure rate locally was higher locally than both the U.S. average of 1.03%, down from 1.35% in April 2015, and the Ohio rate of 1.23%, down […]

Brown Seeks Support to Curb Payday Lenders’ Abuse

WARREN, Ohio – Efforts to curb the abuses of predatory lenders – companies that offer payday advances and short-term loans secured by car titles – are like playing Whac-a-Mole, U.S. Sen. Sherrod Brown, D-Ohio, told a panel here Monday. “We change the rules and they find new ways to stay in business,” he told the […]

How to Develop a Cash-Flow Analysis

WASHINGTON – For small businesses, cash is king. You need it to start, operate, and expand your operations, but many small business owners often have trouble managing and maintaining cash. Inaccurate cash flow analysis – or lack of available cash – can affect the everyday operations of your business and your eligibility to receive a […]

5 Areas Where Small Business Makes Financing Mistakes

IRVINE, Calif. — When taking on financing as a small business, the correct course of action always hinges on answering this question: What are you trying to accomplish? Small businesses often miss the vital details when they assess whether to borrow, such as the full financing cost, the drain on their time, the opportunity costs […]

Bankers See Businesses Maintaining the Status Quo

YOUNGSTOWN, Ohio –- Owners of small businesses in the Mahoning Valley are doing well but have a sense of unease, say four community bankers who work closely with them. Yes, owners are taking out loans or signing leases to finance new equipment. And some manufacturers have the confidence to expand their plants or build new […]

Median Price, Home Sales Up in 3-County Region

YOUNGSTOWN, Ohio – Sue Filipovich, president of the Youngstown Columbiana Association of Realtors, is encouraged by the trends she sees in the Mahoning Valley real estate market. For the first five months of this year, key metrics for Mahoning, Trumbull and Columbiana counties paint a generally encouraging picture for the residential real estate market. Through […]

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