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Banking & Finance: $5.3M Sale Revises Ownership of Downtown Building | November 4, 2016

$5.3M Sale Revises Ownership of Downtown Building

YOUNGSTOWN, Ohio — Millennia Housing Management Ltd. has reconstituted the ownership of International Towers at 25 Market St.  downtown. The multifamily complex was sold Oct. 25 from one Millennia partnership to another still controlled by the Cleveland-based firm. The property changed hands for $5.3 million. In 2009 a Millennia-controlled partnership acquired the building – built […]

Banking & Finance: Americans Use Credit Cards More in Second Quarter | November 2, 2016

Americans Use Credit Cards More in Second Quarter

WASHINGTON – Americans used their credit cards to spend more during the second quarter. That and a tighter labor market reflect a strengthening economy, the American Bankers Association reported Tuesday. The Credit Card Market Monitor of the bankers association shows that during April, May and June, purchase volumes were 5.1% higher than the same quarter […]

Banking & Finance: FirstMerit Acquisition Reduces Huntington Earnings | October 27, 2016

FirstMerit Acquisition Reduces Huntington Earnings

COLUMBUS, Ohio – Huntington Bancshares Inc., holding company of Huntington National Bank, Wednesday reported third-quarter net income of $127 million, or 11 cents per diluted share. This compares to second-quarter net income of $175 million, or 19 cents per share, and third-quarter 2015 income of $153 million, or 18 cents a share. Huntington closed on […]