Banking & Finance
YOUNGSTOWN, Ohio -- The Community Foundation of the Mahoning Valley today announced the establishment of the First Place Community Fund, a new fund that will continue and expand the work of the First Place Community Foundation.
CANFIELD, Ohio -- Farmers National Banc Corp., holding company of Farmers National Bank and the Farmers Trust Co., announced today its offer to buy back odd lots of its stock, that is the stock of the 1,463 shareholders who own 99 or fewer shares.
The company is offering $7.69 a share, subject to Farmers’ terms and conditions. Trading in Farmers stock opened at $7.47 this morning.
The offer begins today and runs through Aug. 29.
CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Savings and Banking Co., Monday reported second-quarter net income of $1.04 million, or 23 cents per share.
This represents a 30% increase over second-quarter 2013 net income of $799,000, or 18 cents a share, and is below first-quarter net income of $1.33 million, or 29 cents a share.
PITTSBURGH -- F.N.B. Corp. and OBA Financial Services Inc. today announced the receipt of all required regulatory clearances for their proposed merger.
The Office of the Comptroller of the Currency has approved the merger of OBA Bank, the bank subsidiary of OBA Financial Services, based in Germantown, Md., into First National Bank of Pennsylvania, F.N.B.'s bank subsidiary. The Federal Reserve Bank of Cleveland also has granted F.N.B. a waiver of its merger application requirements.
YOUNGSTOWN, Ohio -- Foreclosure rates in the Youngstown-Warren-Boardman area decreased for the month of May over the same period last year, according to newly released data from CoreLogic.
The CoreLogic data reveals that the rate of Youngstown-Warren-Boardman area foreclosures among outstanding mortgage loans was 2.48% during May, a decrease of 1.38 percentage points compared to May of 2013 when the rate was 3.86%.
- F.N.B. Gets Regulatory Approval for OBA Merger - July 29, 2014
- Foreclosure Rates Fall in Region, Still Above Nation - July 28, 2014
- First Niles Financial Shows Improvement from '13 - July 25, 2014
- Farmers Reports Q2 Net Income of $2.35 Million - July 24, 2014
- UCFC Earns $42.4 Million, Declares Cash Dividend - July 23, 2014
- F.N.B. Corp. Reports Record Quarterly Net Income - July 23, 2014
- Home Sales Up in Area, Despite Dip in Mahoning - July 22, 2014
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