Banking & Finance

Farmers National Bank Opens Alliance Branch

CANFIELD, Ohio — Farmers National Bank announced the opening this morning of its new Alliance branch. The additional location brings the number of Farmers’ branches to 19. The 1,800-square-foot branch is located at 210 W. State St., across from Mount Union College. Staffed by five employees, the branch will include two drive-thru lanes and an […]

Huntington Awards $7K for TNP Lot Program

WARREN, Ohio – Huntington Bank has awarded $7,000 to Trumbull Neighborhood Partnership in support of its side-lot incentive program that the partnership runs in conjunction with the Trumbull County Land Reutilization Corp. The corporation is better known as the Trumbull County Land Bank. The executive director of the partnership, Matt Martin, announced the grant, the […]

Bank of America to Sell 5 Branches to FNB Corp.

PITTSBURGH – Bank of America has agreed to sell five of its branches in eastern Pennsylvania, which combined have $280 million in deposits, to F.N.B. Corp. at a price that includes a deposit premium of $7.7 million plus other undetermined considerations. The president and CEO of F.N.B., Vincent J. Delie Jr., made the announcement Wednesday. […]

Foreclosures Decline in Youngstown MSA During March

YOUNGSTOWN, Ohio – Foreclosure rates in March were down nearly a full percentage point from a year earlier in the metropolitan statistical area covering the Mahoning Valley and Mercer County, Pa. The foreclosure rate for the Youngstown-Warren-Boardman, OH-PA metropolitan statistical area was 1.87%, down 0.92% from 2.79% in March 2014, reports CoreLogic, a California-based provider […]

CEO of Cortland Bancorp Ponders Future of Banking

VIENNA TOWNSHIP, Ohio – Despite a good year in 2014 and his company turning in a solid performance this year, the president and CEO of Cortland Bancorp, James Gasior, is looking into the future and sees challenges that must be faced. Cortland Bancorp is the holding company of Cortland Banks, a community bank with 12 […]

CEO of Cortland Banks Ponders Future of Banking

VIENNA TOWNSHIP, Ohio – Despite a good year in 2014 and his company turning in a solid performance this year, the president and CEO of Cortland Bancorp, James Gasior, is looking into the future and sees challenges that must be faced. Cortland Bancorp is the holding company of Cortland Banks, a community bank with 12 […]

‘Best Position in Our History,’ FNB CEO Tells Shareholders

CRANBERRY TOWNSHIP, Pa. — The question-and-answer period – shareholders posed two routine questions — lasted longer Wednesday than it took F.N.B. Corp. to conduct its annual meeting that had an agenda of four items, all passed overwhelmingly. F.N.B., which transferred its headquarters last years to Pittsburgh from Hermitage, is the parent of First National Bank […]

Memorial Day Tops Summer Holidays for Travel

GAITHERSBURG, Md. – A survey of more than 150,000 GasBuddy members finds that more than 73% of people will be traveling between Memorial Day and Labor Day, and a majority (83%) plans to take two or more trips. The survey conducted by the travel app, released Tuesday, also found that Memorial Day is the most […]

Home Sales Up YTD in Mahoning, Trumbull

YOUNGSTOWN, Ohio – Sales of single-family homes in Trumbull and Mahoning counties through April are up by more than 10% compared with the first four months of 2014, data released Monday show. According to the Centralized Real Estate Information Services Multiple Listing Service, 743 single-family homes were sold though April in Mahoning County, up 10.9% […]

YSU Student Investment Portfolio Surpasses $1M

YOUNGSTOWN, Ohio — In seven years, the Student Investment Fund at Youngstown State University has seen the portfolio managed grow to more than $1 million from $250,000. The fund itself was created in 2008 with an initial portfolio of $250,000 that the YSU Foundation provided. The foundation gave 10 students, all enrolled in the Williamson […]

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