Banking & Finance

CEO of Cortland Banks Ponders Future of Banking

VIENNA TOWNSHIP, Ohio – Despite a good year in 2014 and his company turning in a solid performance this year, the president and CEO of Cortland Bancorp, James Gasior, is looking into the future and sees challenges that must be faced. Cortland Bancorp is the holding company of Cortland Banks, a community bank with 12 […]

‘Best Position in Our History,’ FNB CEO Tells Shareholders

CRANBERRY TOWNSHIP, Pa. — The question-and-answer period – shareholders posed two routine questions — lasted longer Wednesday than it took F.N.B. Corp. to conduct its annual meeting that had an agenda of four items, all passed overwhelmingly. F.N.B., which transferred its headquarters last years to Pittsburgh from Hermitage, is the parent of First National Bank […]

Memorial Day Tops Summer Holidays for Travel

GAITHERSBURG, Md. – A survey of more than 150,000 GasBuddy members finds that more than 73% of people will be traveling between Memorial Day and Labor Day, and a majority (83%) plans to take two or more trips. The survey conducted by the travel app, released Tuesday, also found that Memorial Day is the most […]

Home Sales Up YTD in Mahoning, Trumbull

YOUNGSTOWN, Ohio – Sales of single-family homes in Trumbull and Mahoning counties through April are up by more than 10% compared with the first four months of 2014, data released Monday show. According to the Centralized Real Estate Information Services Multiple Listing Service, 743 single-family homes were sold though April in Mahoning County, up 10.9% […]

YSU Student Investment Portfolio Surpasses $1M

YOUNGSTOWN, Ohio — In seven years, the Student Investment Fund at Youngstown State University has seen the portfolio managed grow to more than $1 million from $250,000. The fund itself was created in 2008 with an initial portfolio of $250,000 that the YSU Foundation provided. The foundation gave 10 students, all enrolled in the Williamson […]

Cash Sales 38% of National Home Sales in February

IRVINE, Calif. — Cash sales made up 37.9% of total home sales nationally in February 2015, down from 40.6% in February 2014. Percentages for Ohio and Pennsylvania were 43% and 40%, respectively. The year-over-year share has fallen each month since January 2013, making February 2015 the 26th consecutive month of declines, according to a report […]

Cortland Bancorp Named to Market’s Best-50 List

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Savings and Banking Co., is on the inaugural OTCQX Best 50 list, James M. Gasior announced Wednesday. Gasior, president and CEO, said, “We are honored to be named one of the top ranking banks in the 2015 OTCQX Best 50. We strive to create shareholder value […]

Northeast Ohio Gas Prices Rise 4 Cents

PITTSBURGH – Gasoline prices in northeastern Ohio this week are up nearly four cents from a week ago, the East Central office of AAA reports. This week’s average price per gallon is $2.487, up from $2.450 last week but down from the $3.714 price per gallon the week of May 13. Among Mahoning Valley communities, […]

CoreLogic Analytics Find Area Home Prices Dip Slightly in March

YOUNGSTOWN, Ohio – Home prices in the Youngstown-Warren-Boardman metropolitan area declined by 0.8% in March compared to February, reports CoreLogic, a California-based provider of property information and analytics. On a month-over-month basis, home prices, including distressed sales, increased by 1.2% in March compared to February, according to CoreLogic. Excluding distressed sales, year-over-year prices declined by […]

Huntington Bank Is Tops in JD Power Survey

COLUMBUS, Ohio – For a third consecutive year, J.D. Power has ranked Huntington Bank first in the North Central region of its U.S. Retail Banking Survey of 23 banks, the bank announced Tuesday, This year’s results showed the bank scoring 835, seven points higher than a year ago, on Power’s 1,000-point scale. The survey showed […]

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