Banking & Finance

Updated: Execs Discuss UCFC Purchase of Premier Bank

YOUNGSTOWN, Ohio — United Community Financial Corp., holding company of the Home Savings and Loan Co., will purchase Ohio Legacy Corp., parent of Premier Bank & Trust, for $40.3 million in stock and cash, the companies announced Sept. 8 after markets closed. Under the definitive agreement the boards of directors reached, UCFC will pay roughly […]

Home Savings to Enter Akron and Canton Markets

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., will purchase Ohio Legacy Corp., parent of Premier Bank & Trust, for $40.3 million in stock and cash, the companies announced Thursday after markets closed. Under the definitive agreement the boards of directors reached, UCFC will pay roughly $18 […]

F.N.B. Capital Partners Adopts New Name, Tecum

PITTSBURGH – F.N.B. Capital Partners, an entity that takes investment positions in small businesses, Wednesday adopted a new name, Tecum Capital Partners. While F.N.B. Capital Partners was formed in 2005 as a subsidiary of F.N.B. Corp., parent of First National Bank of Pennsylvania, it was spun off in 2013. “Tecum,” Latin for with you, “more […]

Farmers Opens Mortgage Office in Beaver, Pa.

CANFIELD, Pa. – Farmers National Bank has opened a mortgage lending office in Beaver, Pa., and named Ted George to run it. George, who has 30 years’ experience as a mortgage banker, was named vice president and a mortgage loan consultant. A former employer named him loan officer of the year in 2007. “Ted’s experience […]

KeyBank Hires More Lenders to Serve Region

CLEVELAND — KeyBank has hired more bankers to better serve its markets in the Mahoning Valley and Akron-Canton and named a new manager to oversee those efforts, Kip Clarke announced today. Clarke, executive vice president, is the executive for the bank’s Midwest region. Clarke also announced that the KeyBank in Canfield is expanding with the […]

Business Execs Predict More Corporate Expansion

NEW YORK — Buoyed by higher profit growth expectations, business executives are predicting an increase in corporate expansion for the coming year, according to a new survey by the American Institute of Certified Public Accountants. The quarter AICPA Economic Outlook Survey polls CEOs, chief financial officers, controllers and other certified public accountants in U.S. companies […]

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