Banking & Finance

First National Bank Is Top Performer on SNL List

ORRVILLE, Ohio – First National Bank of Orrville is on SNL Financial’s list of the Top 100 performing community banks in the United States that have assets of $500 million to $5 billion. SNL, based in Charlottesville, Va., and a provider of financial information on more than 6,500 public companies and 50,000 private companies in […]

Ohio Business Owners More Optimistic, PNC Finds

YOUNGSTOWN, Ohio – Ohio business owners are much more optimistic than they were six months ago about their prospects and the health of the economy, a PNC Bank survey released today finds. The PNC economist who analyzed the data, Mekael Teshome, reports the optimism the business owners displayed about the U.S. economy is the highest […]

Bankers Work with Owners, SBA for Business Loans

YOUNGSTOWN, Ohio — Before a bank approves a loan or issues a line of credit to a business owner, it wants to see the owner “has some skin in the game,” as the latest popular phrase goes. “Skin in the game” means substantial collateral, that the owner would feel financial pain should he default. Bankers […]

MVEDC ‘Primes the Pump’ to Finance Business

YOUNGSTOWN, Ohio — More than any other entity in northeastern Ohio, the Mahoning Valley Economic Development Corp. is all things to small-business owners. It is a source of financing and business advice. It owns and runs two industrial parks – one in North Jackson, the other in Warren – as well as a short-line railroad, […]

Foreclosures, Delinquencies Down in January

YOUNGSTOWN, Ohio – Foreclosures and mortgage delinquencies in the Youngstown-Warren-Boardman metropolitan area during January were down from a year earlier, CoreLogic reported today. According to the financial data firm, the rate of foreclosures among outstanding mortgage loans in the metro area, which covers Mahoning and Trumbull counties in Ohio and Mercer County in Pennsylvania, was […]

Johnson, Ryan Tell Talmer Clients How They Work Together

CANFIELD, Ohio — The two representatives to Congress from the Mahoning Valley often disagree, but their ability to cooperate on issues of local importance impressed their audience Friday morning. U.S. Reps. Tim Ryan and Bill Johnson appeared together at a meeting hosted by Talmer Bank and Trust at Tippecanoe Country Club here. The purpose was […]

Corner Lots Command Top Commercial Dollars

BOARDMAN, Ohio — One factor that can determine the success of a corner commercial lot is whether the business there and its patrons have seen the light — a traffic light, that is. Brokers Bill Kutlick, of Kutlick Real Estate, Dan Crouse and Chuck Joseph of Routh-Hurlbert, John S. Horvath of Northwood Real Estate Services’ […]

Mahoning Valley Home Sales Off to Good Start in 2015

YOUNGSTOWN, Ohio — Home sales in the region during the first two months of 2015 are slightly ahead of last year, according to new monthly reports from local boards of realtors. As of the end of February, 629 single-family dwellings were sold in Columbiana, Mahoning and Trumbull counties, just ahead of the 620 sold during […]

Financial Planners Manage Relationships, Not Just Money

BOARDMAN, Ohio — Financing planning is as much about building and sustaining relationships as it is managing their clients’ investments, participants in a Business Journal roundtable say. “It starts with conversations. You’ve got to have those conversations to build a rapport with the clients,” says Sidney Jones, managing director with Merrill Lynch in Canfield. “When […]

Fed OK with Huntington Dividend, Stock Buy-Back

COLUMBUS, Ohio – The Federal Reserve has not objected to the plans Huntington Bancshares Inc. submitted in January to increase its cash dividend to seven cents per common share later this year and repurchase up to $366 million of its shares of common stock. The holding company of Huntington National Bank announced the lack of […]

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