Banking & Finance

Gas in Ohio Averaging $2.47 per Gallon

YOUNGSTOWN, Ohio – GasBuddy.com reports the average retail price for gasoline Monday in Ohio was $2.47 per gallon, according to its survey of 5,345 gas outlets. That represents an increase of 7 cents per gallon over the past week. In the Youngstown-Warren area, the average price per gallon was around $2.30 to $2.40 at several […]

Cortland Bancorp CEO ‘Really Optimistic’ about 2016

VIENNA TOWNSHIP, Ohio – Cortland Bancorp performed well in 2015 and expects to execute even better this year, its president and CEO, James M. Gasior, told shareholders Tuesday. “We’re really optimistic about our future,” Gasior said, speaking for himself, chief financial officer David J. Lucido and board Chairman Timothy K. Woofter, who also addressed the […]

Mortgage Delinquencies, Foreclosures Fall in March

YOUNGSTOWN, Ohio – Foreclosure and mortgage delinquency rates declined for the Youngstown-Warren-Boardman metropolitan statistical area in March, but were still ahead of the national and statewide rates, CoreLogic reported this morning. The California-based data and analytics company said the rate of area foreclosures among outstanding mortgage loans was 1.80% for March, a decrease of 0.14 […]

Home Sales in 3 Counties Ahead of 2015 YTD

YOUNGSTOWN, Ohio – Sales of single-family houses in Mahoning, Trumbull and Columbiana counties during the first four months of 2016 are up about 3% from the same period last year, newly released monthly data show. That comes despite a drop in sales last month from sales posted in April 2015. According to reports compiled from […]

FNB Shareholders OK Reincorporation in Pa.

PITTSBURGH – The shareholders of F.N.B. Corp., parent of First National Bank of Pennsylvania, Wednesday approved the reincorporation of their company in the commonwealth of Pennsylvania. It had been incorporated in Florida since June 1, 2001 and moved its headquarters to Naples, Fla., from Hermitage. It originally incorporated in Pennsylvania as FNB in 1974. At the […]

Packer Thomas to Acquire Reali, Giampetro & Scott

CANFIELD, Ohio – Packer Thomas, a public accounting and business consulting firm with 50 employees, has acquired Reali, Giampetro & Scott, a smaller public accounting firm, the merger date set for July 1, John Cournan announced Monday. Cournan is the managing principal at Packer Thomas. Terms of the purchase were not disclosed. Reali, Giampetro and […]

Farmers Bank to Acquire Bowers Insurance Agency

CORTLAND, Ohio – Farmers National Bank, Canfield, announced Monday that it will acquire the Bowers Insurance Agency Inc., 339 N. High St., for an undisclosed price in stock and cash. Kevin Helmick, president and CEO of Farmers National Banc Corp. and its largest subsidiary, Farmers National Bank, and Ben Bowers, president and owner of the […]

First Niles Financial Reports $39,000 Net Income

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Friday reported first-quarter net income of $39,000, or three cents a share. This compares to net income of $127,000, or 11 cents a share, for the year-ago quarter, and $40,000, or three cents a share, for the […]

UCFC CEO Reports Healthy Increase in Loan Portfolios

YOUNGSTOWN, Ohio – By year-end, United Community Financial Corp. expects to pay its shareholders 30% of its net income in cash dividends, up from 20% a year ago, its president and CEO, Gary M. Small, said Thursday. As the holding company of the Home Savings and Loan Co. reported in its first-quarter earnings release last […]

Dissidents Lose Bid for Seats on First Niles Board

NILES, Ohio – Dissidents Lance Osborne and Steven Passov lost Wednesday to incumbents James Kramer and attorney Robert Shaker in their bid for two seats on the board of First Niles Financial Inc. The margin of defeat for Osborne, who owns 7% of First Niles shares, and Passov, a commercial real estate developer, was not […]

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