Banking & Finance

$5.3M Sale Revises Ownership of Downtown Building

YOUNGSTOWN, Ohio — Millennia Housing Management Ltd. has reconstituted the ownership of International Towers at 25 Market St.  downtown. The multifamily complex was sold Oct. 25 from one Millennia partnership to another still controlled by the Cleveland-based firm. The property changed hands for $5.3 million. In 2009 a Millennia-controlled partnership acquired the building – built […]

Charity Land Exchange Matches Donors, Charities

YOUNGSTOWN, Ohio — Are you a business or individual who owns some property you’d like to donate to your favorite charity, but that charity doesn’t have the means or desire to manage that property? Charity Land Exchange offers a solution to this problem that benefits both parties, says its executive director, attorney Joseph Bishara. The […]

Americans Use Credit Cards More in Second Quarter

WASHINGTON – Americans used their credit cards to spend more during the second quarter. That and a tighter labor market reflect a strengthening economy, the American Bankers Association reported Tuesday. The Credit Card Market Monitor of the bankers association shows that during April, May and June, purchase volumes were 5.1% higher than the same quarter […]

First Niles Financial Reports Net Income of $16,000

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Tuesday reported third-quarter net income of $16,000, or a penny a share. This compares to second-quarter net income of $16,000, or a penny a share, and third-quarter 2015 net income of $21,000, or two cents a share. […]

FirstMerit Acquisition Reduces Huntington Earnings

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington National Bank, Wednesday reported third-quarter net income of $127 million, or 11 cents per diluted share. This compares to second-quarter net income of $175 million, or 19 cents per share, and third-quarter 2015 income of $153 million, or 18 cents a share. Huntington closed on […]

Cortland Bancorp Reports 3Q Net Income of $1.20M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Tuesday reported third-quarter net income of $1.20 million, or 27 cents a share. This compares to second-quarter net income of $1.17 million, or 27 cents a share, and third-quarter 2015 net income of $1.23 million, or 27 cents a share. The board of directors declared […]

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