Banking & Finance

Farmers Banc Corp. Increases Dividend 33%

CANFIELD, Ohio – Farmers National Banc Corp. will pay a cash dividend of 4 cents per share March 31 to shareholders of record March 11. The first quarter 2016 dividend was declared Feb. 23 by the company’s board of directors. It represents a 33% increase over the 2015 first-quarter dividend payment, says Kevin Helmick, CEO […]

Index Shows January Gain in Valley House Prices

YOUNGSTOWN, Ohio  – House prices in the Youngstown-Warren-Boardman area, including distressed sales, increased by 3.8% in January compared with a year earlier, CoreLogic reports. The California-based financial services firm also says house prices, including distressed sales, decreased by 0.8% in January compared with December 2015. Nationwide house prices, including distressed sales, increased 6.9% in January […]

Entrepreneurs Remain Loyal to Commercial Lenders

YOUNGSTOWN, Ohio – Bankers see themselves as partners of the companies they serve, as sources of counsel and advice, not just providers of credit. They’re vested in their customers’ success, which requires much more than assessing risk and offering the appropriate terms, bankers say. Money is fungible, so what leads a company to use and […]

Foreclosures, Delinquencies Down in Valley

YOUNGSTOWN, Ohio – The foreclosure rate in the Mahoning Valley fell slightly in December, down to 1.96%, a decrease of 0.10 percent compared to December 2014, reports the financial analytics company CoreLogic. Still, foreclosure activity in the region was higher than the national foreclosure rate, which was 1.20% for December 2015. Meanwhile, the mortgage delinquency […]

First Niles Reports $40,000 4th-Quarter Net Income

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, reports fourth-quarter net income of $40,000, or three cents a share, and full-year 2014 net income of $212,000, or 19 cents a share. This compares to fourth-quarter 2014 net income of $32,000, or three cents a share, […]

Cortland Bancorp Makes OTCQX Best 50 for 2nd Year

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Banks, ranks No. 46 on the 2016 OTCQX Best 50, a compilation of the 50 top-performing companies that traded on the OTCQX Best Marketplace in 2015, the company announced Thursday. It is the second consecutive year Cortland has made the list, James M. Gasior, president and […]

Mahoning Gains Boost January Home Sales in Region

YOUNGSTOWN, Ohio – January sales of single-family houses in the Mahoning Valley region were up more than 21% from a year earlier, driven largely by a spike in sales in Mahoning County. The latest monthly reports from data compiled by the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors show 353 […]

Valley Venture Capital Fund Gets $250,000 Grant

YOUNGSTOWN, Ohio – A $250,000 federal grant announced Monday will provide “essential financial support” for a new venture capital fund. The Seed Fund Support grant for Valley Growth Ventures LLC is part of the $10 million awarded by the U.S. Department of Commerce’s Economic Development Administration under its 2015 Regional Innovation Strategies program. Valley Growth […]

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