Banking & Finance

October House Prices in Valley Rise 1.3% Over Year

YOUNGSTOWN, Ohio – House prices in the Youngstown-Warren-Boardman metropolitan statistical area, including distressed sales, increased by 1.3% in October compared with a year earlier and were down 1.3% from September, the financial analytics firm CoreLogic reports today. House prices nationwide, including distressed sales, rose 6.8% in October from a year earlier and were up 1.0% […]

October House Prices in Valley Rose 1.3% Over Year

YOUNGSTOWN, Ohio – House prices in the Youngstown-Warren-Boardman metropolitan statistical area, including distressed sales, increased by 1.3% in October compared with a year earlier and were down 1.3% from September, the financial analytics firm CoreLogic reports today. House prices nationwide, including distressed sales, rose 6.8% in October from a year earlier and were up 1.0% […]

‘Giving Tuesday’ Gains Momentum Here, Nationally

YOUNGSTOWN, Ohio – On the heels of Black Friday and Cyber Monday, and with the holiday spirit kicking in, today is “Giving Tuesday,” when organizations around the world urge anyone and everyone to give something back to their communities. “Whether it’s a monetary donation or through time and talent – how you give back doesn’t […]

Bigger Smartphones Can Change Buying Intentions

UNIVERSITY PARK, Pa. — Simply tweaking the screen size of a smartphone can change how much users trust advertisements, as well as their buying behaviors, according to a team of international researchers. “While people are using smartphones — and these days, smartphone screen sizes are becoming bigger and bigger — they may think that the […]

YNDC Expands Small Business Loan Program

YOUNGSTOWN, Ohio – The Youngstown Neighborhood Development Corp. is offering loans to small-business owners in Mahoning County to help them expand their companies. Loans are available to business owners who both live and work in Mahoning County. Funding for the program comes from the Ohio Community Development Corp. Association and the Burton D. Morgan Foundation. […]

My True Love Still a Bargain; PNC Index Up 0.6%

YOUNGSTOWN, Ohio – The prices of nine of the 12 gifts My True Love Gave to Me remain unchanged since the 12 Days of Christmas a year ago, the PNC Economics Department reported today, and the increase of only 0.6% overall suggests inflation remains in check. The 32nd annual Christmas Price Index compiled by the […]

Bank Profits Rise but FDIC Sounds Note of Caution

WASHINGTON – Banks and thrifts insured by the Federal Deposit Insurance Corp. reported aggregate third-quarter net income of $40.4 billion, the FDIC announced Tuesday, up $1.9 billion, or 5.1% from the same quarter a year ago. The increase in profits was the result of $3.2 billion less in noninterest expense (such as wages, employee benefits, […]

US Regulators OK FNB Purchase of Metro Bancorp

PITTSBURGH – The Office of the Controller of the Currency and the Federal Reserve Bank of Cleveland have signed off on First National Bank of Pennsylvania’s bid to acquire Metro Bank, F.N.B. Corp. announced Monday. F.N.B. Corp. is the holding company of First National Bank. F.N.B. and Metro Bancorp. Inc., based in Harrisburg, announced Aug. […]

Bankers Tell How They Target Charitable Giving

YOUNGSTOWN, Ohio – Banks that serve the Mahoning Valley are well known for their participation in community projects and donations to various causes, but their representatives note that they benefit when the community does well. “To be honest, we’re only as successful as the communities we serve,” says Bill Shivers, president of the Mahoning Valley and […]

Mahoning Valley Home Sales Up 11.4% Year-to-Date

YOUNGSTOWN, Ohio – Heading into the end of 2015, sales of single-family houses in Mahoning, Trumbull and Columbiana counties are on track to outpace last year’s results, the latest monthly report shows. Through October, 4,657 single-family units were sold in the three counties, up 11.4% from the 4,179 units sold during the first 10 months […]

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