Banking & Finance

YBI, Home Savings to Host ‘Art of Business and Banking’

YOUNGSTOWN, Ohio – Home Savings and Loan Co. and the Youngstown Business Incubator’s Women in Entrepreneurship program will host three seminars on the needs of small-business owners Sept. 16, Oct. 21 and Nov. 18. All will be held from 5:30 to 7 p.m. in the offices of the incubator, 241 W. Federal St. The program, […]

UCFC Ranked 11th on Bank Director Scorecard

YOUNGSTOWN, Ohio – Bank Director magazine ranks United Community Financial Corp., holding company of the Home Savings and Loan Company of Youngstown, 11th in this year’s performance scorecard of 130 financial institutions with between $1 billion and $5 billion in assets. “Our high ranking on Bank Director’s performance scorecard is proof that our focused strategy […]

Fifth Third Sells 17 Offices to First National Bank

PITTSBURGH — First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corp., has agreed to buy 17 offices of Fifth Third Bank in this market and acquire some $383 million in retail and private deposits as well as related consumer loans, Vincent J. Delie Jr. announced this morning. Delie is president and CEO of […]

Venture Fund Launched to Help Valley Companies

YOUNGSTOWN, Ohio – A partnership between the Youngstown Business Incubator, the Tech Belt Energy Innovation Center in Warren and the Mahoning Valley Economic Development Corp. is poised to launch a new for-profit venture capital fund designed to seed business development within the region’s technology and advanced manufacturing sectors. The fund, Valley Growth Ventures LLC, will […]

Gasoline Prices Heading Below $2 a Gallon

GAITHERSBURG, Md. — Americans who hit the road this Labor Day weekend are likely to see the lowest Labor Day prices at the pump in more than a decade. The savings could total $1.4 billion Friday through Monday. “August gasoline prices plummeted by 18 cents per gallon, the greatest decrease since 2008,” said Patrick DeHaan, […]

Cortland Banks Rewards Customers Who Use Kasasa

CORTLAND, Ohio – Cortland Banks is rewarding its customers who take advantage of the three Kasasa account options it offers with higher rates of interest, rebates and refunds, James Gasior, president and CEO announced. This ”innovative suite of reward-based checking and savings accounts [carry] the Kasasa brand name,” said Danielle Cantrell, vice president and retail […]

Moody’s Affirms Its Baa1 Rating of Youngstown

NEW YORK – Moody’s Investor Service has affirmed its general obligation limited tax rating of Youngstown, Ohio, as Baa1, saying, “The outlook on the city’s credit remains stable.” Youngstown has $13.7 million in long-term general obligation limited tax bonds outstanding, $8.2 million of which is Moody’s rated. Municipal bonds that Moody’s rates Baa, its website […]


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