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Banking & Finance: UCFC Reports 3Q Net Income of $7.56 million | October 18, 2017

UCFC Reports 3Q Net Income of $7.56 million

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of  Home Savings Bank., Tuesday reported third-quarter net income of $7.56 million, or 15 cents per diluted share.  This compares to second-quarter net income of $8.19 million, or 16.3 cents per diluted share and third-quarter 2016 net income of $5.15 million, or 11 cents per share. UCFC directors […]

Banking & Finance: Legislation, Activists Target Predatory Land Contracts | October 12, 2017

Legislation, Activists Target Predatory Land Contracts

YOUNGSTOWN, Ohio – Legislation introduced by state Rep. Michele Lepore-Hagan would target predatory land contracts that often leave would-be home buyers without the rights and protections of holders of traditional mortgages or leases. It’s a problem that plagues inner-city neighborhoods here and across the country where out-of-town companies offer “lease option purchase contracts” that often […]

Banking & Finance: Plenty of Wealth in Valley for Advisers to Manage | October 11, 2017

Plenty of Wealth in Valley for Advisers to Manage

YOUNGSTOWN, Ohio — The Mahoning Valley, where the sense of poverty is pervasive, has considerable wealth as evidenced by the brokerage firms and banks here with trust, private banking and wealth management departments. Banks without such services as recently as a decade ago have since established them, Farmers National Bank, Home Savings Bank and Cortland […]