Banking & Finance

Warren Medical Center Sold in Foreclosure for $3 Million

WARREN, Ohio — The North Mar Medical Center, a six-building, 62,295-square-foot office park at 3843 E. Market St. here, was sold in foreclosure to the loan noteholder, a commercial mortgage securities trust, for $3 million. The sale price equates to about $48 per square foot. The transaction tops commercial real estate sales during the month […]

Chemical Bank to Ring Bell to Mark 100 Years

MIDLAND, Mich. – Chemical Bank will celebrate the 100th anniversary of its first office by ringing the opening bell at Nasdaq in New York City this morning. Chemical Bank opened March 14, 1917 in downtown Midland, Mich., as Chemical State Savings Bank. Today, it has 249 offices and more than 3,500 employees in three states, […]

Farmers Bank to Buy Monitor Bank in Holmes County

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers National Bank, announced this morning that it will pay $7.8 million to acquire Monitor Bancorp Inc., holding company of Monitor Bank in Big Prairie. The sale is expected to close in the third quarter, a Farmers spokeswoman said, and requires that Monitor shareholders meet […]

Mahoning Valley Car Sales up 6.8% in February

YOUNGSTOWN, Ohio – Automobile dealerships in the Mahoning Valley reported a total of 4,283 cars, trucks and SUVs sold in February, a 6.8% jump from 2016, according to data from the Greater Cleveland Automobile Dealers Association. New car sales in Mahoning, Trumbull and Columbiana counties, which totaled 2,507 last month, climbed 15.5%, while used car […]

For Commercial Lenders, Building Relationships is a Must

YOUNGSTOWN, Ohio – To be a successful commercial banker requires a temperament that encompasses excellent interpersonal skills and analytical skills that usually take anywhere from two to five years to learn after being hired. Even then, staying on top of the game entails refreshers and updates in changing regulations and technology. But some things haven’t […]

Higher Morale at Small Businesses with Pension Plans

SAN RAMON, Calif. — Many small-business owners might think they have enough headaches meeting payroll, dealing with government regulations and pleasing their customers. And setting up a retirement plan for their employees is more work – and expense – they can do without. But creating such a plan is more feasible than they may realize […]

Farmers National Banc Corp. Raises Dividend

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., Tuesday declared a quarterly cash dividend of five cents a share payable March 31 to shareholders of record March 10. The dividend is a penny higher than the four cents per share paid since 2015. In a prepared statement, […]

Regulators OK FNB Purchase of Yadkin Financial

PITTSBURGH – The Federal Reserve System and the Office of Comptroller of the Currency have approved F.N.B. Corp.’s intent to acquire Yadkin Financial Corp., and integrate Yadkin Bank into First National Bank. Having secured shareholder approval, this last regulatory step allows the transaction to close March 13, Vincent J. Delie Jr., president and CEO of […]

Pages

Subscribe to RSS - Banking & Finance