Banking & Finance

First Niles Declares Five Cents Cash Dividend

NILES, Ohio — First Niles Financial Inc. announced a cash dividend of five cents per share on common stock and six cents per share on preferred class A stock for the fourth quarter. The dividend will be payable Dec. 22 to shareholders of record Dec. 8, the bank holding company announced Thursday. FNFI is the […]

October Home Sales Up 5.4% in Region

YOUNGSTOWN, Ohio – Sales of single-family houses in Mahoning, Trumbull and Columbiana counties in October were up 5.4% from a year ago, the latest data from the Youngstown Columbiana Association of Realtors and the Warren Area Board of Realtors show. Collectively, 525 houses were sold in the three counties last month, up 5.4% from 498 […]

The post October Home Sales Up 5.4% in Region appeared first on Business Journal Daily.

Chemical Bank Promotes Schrock to Regional President

YOUNGSTOWN, Ohio – Chemical Bank has promoted Michael Schrock to Regional President of the Mahoning Valley. “Through the years, Michael has distinguished himself as an outstanding leader with exceptional relationships both internally and externally. He has a proven track record of being very collaborative and team oriented, both of which will assist him as he […]

Home Savings Needs More Time to Review Allegations

YOUNGSTOWN, Ohio – Home Savings Bank says it needs until Dec. 15 to fully investigate the allegations made by Huntington National Bank in a lawsuit filed Oct. 24 that accused three of its former commercial lending officers who joined Home Savings in late September of taking with “confidential information, proprietary information or trade secrets.” The […]

Car Sales Continue Slip From Last Year’s Record Numbers

YOUNGSTOWN, Ohio – October proved to be a mixed bag for American automakers as two of the Big Three posted losses last month. Despite the slip, however, industry analysts project 2017 to have the second-highest sales volume ever, coming behind only last year’s numbers. General Motors’ sales fell 2.2% to 252,813 as three of its […]

Cortland Bancorp Reports 3Q Net Income of $2.15M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Tuesday reported third-quarter net income of $2.15 million, or 49 cents a share. This compares to second-quarter net income of $1.18 million, or 26 cents a share, and third-quarter 2016 net income of $1.20 million, or 27 cents a share. The board of directors declared […]

Home Savings Opens Canfield Wealth Management Office

CANFIELD, Ohio – Home Savings celebrated the opening of its new Premier Wealth Management Office, which brings all of its wealth management services under one roof. “It’s been eight years since Home Savings was fully invested and committed in the wealth management business here in the Valley,” said Gary Small, president and CEO of United […]

Judge Delays Ruling on Huntington Bank’s Lawsuit Against Home Savings

YOUNGSTOWN, Ohio – U.S. District Judge Benita Y. Pearson has postponed until at least Nov. 8 her decision in the lawsuit Huntington National Bank filed Oct. 24 against Home Savings Bank, which seeks a temporary restraining order, so the banks can resolve their differences with the aid of a third party. Huntington has accused three […]

Huntington Reports 3Q Net Income of $275M

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington National Bank, Wednesday reported third-quarter net income of $275 million, or 23 cents per share. This quarter is a $148 million, or 116% increase from the year-ago quarter of $127 million, or 11 cents per share, and is up from $272 million, or 23 cents […]

Farmers Banc Corp. Reports 3Q Net Income of $6M

CANFIELD, Ohio – Farmers National Banc Corp. Wednesday reported third-quarter net income of $5.98 million, or 22 cents per diluted share. This compares to second-quarter net income of $5.71 million, or 21 cents a share, and third-quarter 2016 income of $5.38 million, or 20 cents a share. Farmers is the holding company of Farmers National […]

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