Banking & Finance

With Fanfare, Cortland Banks Opens Canfield Branch

CANFIELD, Ohio – Over the past year, Cortland Banks has been involved in a flurry of projects along the U.S. Route 224 corridor between Canfield and Poland. Off the top of his head, President and CEO Jim Gasior listed off several projects such as Primanti Brothers, the Boardman High School football stadium and the Arby’s […]

Business Warms to Alternative Lenders

CLEVELAND – Because many banks have curtailed their lending to small businesses of the mom-and-pop variety, online alternative lenders see an opening and are rushing to fill a need, a report from Federal Reserve Bank of Cleveland says. For the most part, those business owners who have borrowed from online lenders seemed pleased with their […]

Farmers Completes Tri-State 1st Banc Acquisition

CANFIELD, Ohio – Farmers National Banc Corp., parent of Farmers National Bank, has completed its acquisition of Tri-State 1st Banc Inc., holding company of 1st National Community Bank in East Liverpool, Kevin J. Helmick, president and CEO of Farmers, announced this morning. The four offices of 1st National Community Bank will adopt the Farmers name […]

More Ohio Businesses Plan to Hire, Boost Wages

PITTSBURGH – More small and mid-sized businesses in Ohio are optimistic about their prospects over the next six months, The PNC Economic Outlook reported today. The economics department of PNC Financial Services Group cites the growing number of business owners who, over the next six months, plan to hire more full-time employees, grant raises and […]

FNB Fills in Blanks on Subordinated Notes

PITTSBURGH – F.N.B. Corp., which announced Monday it would issue subordinated notes for general corporate purposes, Wednesday provided the amount to be financed, rate and maturity: $100 million at 4.875% for 10 years. F.N.B. expects the offering to close Friday. Interest will be paid April 15 and Oct. 15 of each year until the notes […]

FNB Corp. to Issue Subordinated Notes

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, announced Monday that it will issue subordinated notes that mature in 2025 for general corporate purposes. In its shelf filing Monday with the U.S. Securities and Exchange Commission, F.N.B. left blank the total in notes it would issue as well as the rate, other […]

Tri-State Shareholders Say Yes to Farmers’ Proposal

EAST LIVERPOOL, Ohio – The shareholders of Tri-State 1st Banc Inc. said yes Tuesday to being acquired by Farmers National Banc Corp. Farmers, based in Canfield, is the parent of Farmers National Bank, Farmers Trust Co. and Farmers National Insurance LLC. Tri-State is the holding company of 1st National Community Bank, which has $140 million […]

PNC Bank Introduces Android Pay System

PITTSBURGH – PNC Bank is offering its customers access to Android Pay, a system similar to Apple Pay, which allows those who bank at PNC to pay for goods and services with their Android smartphones. Some one million merchants across the United States accept Android Pay, PNC says. It will be available on Google Play […]

Huntington Economist Assesses Fed Keeping Status Quo

COLUMBUS, Ohio – Would the Fed’s policymaking committee raise the benchmark interest rate Thursday or leave it unchanged? That was the question keeping lenders, analysts and the business community in suspense until 2:30 p.m. yesterday when the chairwoman of the Federal Reserve System, Janet Yellen, announced the Federal Open Market Committee would leave the rate […]

Home Sales Up in Mahoning, Down in Columbiana, Trumbull

YOUNGSTOWN, Ohio – Year-over-year home sales in August were up in Mahoning County while declining in Trumbull and Columbiana counties, newly released data show. According to the Youngstown Columbiana Association of Realtors, 241 houses were sold in Mahoning County last month, up from 225 in August 2014. In Trumbull County, 162 houses were sold a […]


Subscribe to RSS - Banking & Finance