Banking & Finance

Investors in First Niles Seek 2 Seats on Board

NILES, Ohio – Two investors who own more than 9% of the 1.12 million shares outstanding in First Niles Financial Corp. seek to replace two of the five-man board of directors April 27 at its annual meeting. Lance Osborne and Steve Passov have engaged a proxy solicitation firm to gather the votes of shareholders, they […]

Foreclosures, Delinquencies Down in January

YOUNGSTOWN, Ohio – The rate of mortgage foreclosures in the Youngstown-Warren-Boardman area declined slightly in January compared to January 2015, reports CoreLogic, a financial analytics company based in California. The January foreclosure rate was 1.90%, a decrease of 0.11 percentage points from January 2015 when the rate was 2.01%. Even so, foreclosure activity remains higher […]

Business More Cautious, Concerned – PNC Survey

PITTSBURGH – Presidential candidates’ belligerent campaigning and wider swings in U.S. stock markets have made owners of small and mid-sized businesses more cautious about the next six months and more pessimistic about the economy, a semi-annual phone survey conducted for PNC finds. The results of the survey, released today, found that 43% of those asked […]

February House Sales Reflect 4.8% Gain Over Year

YOUNGSTOWN, Ohio – Sales of houses in the Mahoning Valley area during February are up nearly 5% from a year earlier, despite a nearly 9% decline in Columbiana County, the latest monthly data show. During February, a total 329 houses were sold in Mahoning, Trumbull and Columbiana counties last month, up 4.8% from the 314 […]

Valley Auto Dealers See Sales Climb in February

YOUNGSTOWN, Ohio – Sales of new and used cars climbed nearly 13% last month to 3,993 for dealers in the Mahoning Valley, data from the Greater Cleveland Automobile Dealers’ Association show, while new sales alone jumped 28% to 2,149. Leading sales of new vehicles in Mahoning, Trumbull and Columbiana counties was Greenwood Chevrolet, Austintown, which […]

Cleveland Fed Study Finds Small Businesses Optimistic

CLEVELAND – The financial health of small businesses in the United States continues to improve, the Federal Reserve Bank of Cleveland reported Friday. The 2015 “Small Business Credit Survey: Report on Employer Firms,” presented “a largely optimistic picture for small firms in the United States,” the Cleveland Fed said. “The net share of firms [with […]

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 […]

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