Banking & Finance

You Insured What? When? Where? How?

YOUNGSTOWN, Ohio – On its surface, the insurance industry isn’t readily associated with glamour and excitement.   Under that surface, local insurers have written policies that protect millions of dollars worth of assets for clients in the entertainment industry, professional sports teams and have covered breakthrough advances in medicine. Some clients have even had their insured […]

Home Sales Up 8.4% in the Valley

YOUNGSTOWN, Ohio – House sales in the Mahoning Valley rose 8.4% in May as 566 were sold in Mahoning, Trumbull and Columbiana counties according to data from the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors. In Mahoning County, the number of closings was nearly even compared to last year with […]

How to Spend Down Assets So Medicaid Pays

YOUNGSTOWN, Ohio – With the cost of stays in nursing homes rising, estate planners and elder law attorneys increasingly see clients working to ensure that they will be eligible for Medicaid benefits when they enter a nursing home. To qualify for Medicaid benefits that pay for nursing-home care, there are two standards: one for married […]

Creating a Trust Provides Way to Pass Assets

YOUNGSTOWN, Ohio – It’s the part of financial planning that no one wants to talk about: What happens to your assets after you die? While some are content with writing a will, there are more involved processes for passing on your estate – your residence, money and everything else. At their base, trusts are a […]

M&A Deals Lead to $104M in Property Sales

YOUNGSTOWN, Ohio — Nearly $104 million in Mahoning and Trumbull County properties — hospitals and restaurants — traded hands last month as the result of two national merger and acquisition deals. Four local properties were involved when Boston-based Steward Health Care LLC acquired Tennessee-based IASIS Healthcare LLC. The transaction makes Steward the largest private for-profit […]

$1.1 Million Bid for Kirila Estate, Auction Extended

TRANSFER, Pa. — Going, going, not gone — at least not yet. The 90-acre gated equestrian estate overlooking Shenango Lake that was to be sold at auction May 31 through Concierge Auctions garnered a bid of $1.1 million — apparently not enough to end the bidding. Concierge Auctions announced today that it will accept online […]

US Executives Temper Strong Optimism on Economy

NEW YORK  — Business executives are taking a more conservative view of what had been bullish optimism about both the U.S. economy and prospects for their own companies earlier this year, according to the second-quarter American Institute of CPAs Economic Outlook Survey. The survey polls CEOs, chief financial officers, controllers and certified public accountants in […]

Wenick Joins Farmers Bank as Chief Wealth Management Officer

CANFIELD, Ohio – Mark J. Wenick has joined Farmers National Bank as chief wealth management officer, Kevin J. Helmick, president and CEO of the bank and Farmers National Banc Corp., announced today. The position is new and Wenick will oversee all wealth management services the bank and its affiliates provide. Before joining Farmers, was Mahoning […]

YNDC Classes Encourage First-Time Home Buyers

YOUNGSTOWN, Ohio – Bernadette Elliott can hardly contain her excitement. She’s eagerly awaiting the opportunity to make an offer on her dream house that sits near the former Idora Park on the south side of Youngstown. “I’ve already started the mortgage process at the bank,” Elliott says. For her, it’s a moment she thought might […]

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