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Banking & Finance

Banking & Finance: Shareholders of Farmers, Monitor Bancorp OK Merger | August 9, 2017

Shareholders of Farmers, Monitor Bancorp OK Merger

CANFIELD, Ohio – Farmers National Banc Corp. and Monitor Bancorp Inc., based in Big Prairie, Ohio, announced Tuesday that their shareholders have voted to merge their bank holding companies. The transaction is valued at approximately $7.8 million. Said Kevin J. Helmick, president and CEO of Farmers, in a prepared statement, “This transaction will serve as an […]

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Banking & Finance: KeyBank Foundation Gives JumpStart $24 Million | July 31, 2017

KeyBank Foundation Gives JumpStart $24 Million

CLEVELAND — The KeyBank Foundation Monday awarded JumpStart Inc. a four-year, $24 million grant to fuel the “KeyBank Business Boost & Build Program, powered by JumpStart” in communities across Ohio and upstate New York. The initiative is designed to stimulate economic growth and workforce development by fostering small business success. The grant represents the KeyBank […]

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Banking & Finance: Cortland Bancorp Reports Net Income of $1.2M | July 28, 2017

Cortland Bancorp Reports Net Income of $1.2M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, reported Thursday a second-quarter net income of $1.2 million, or 26 cents a share, compared to first-quarter net income of $1.0 million, or 23 cents a share, and $1.2 million, or 27 cents a share from the year-ago quarter. Cortland also announced its board declared […]

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Banking & Finance: Farmers Reports 2Q Net Income of $5.7M | July 27, 2017

Farmers Reports 2Q Net Income of $5.7M

CANFIELD, Ohio – Farmers National Banc Corp. Wednesday reported second-quarter net income of $5.7 million, or 21 cents a share, compared to $5.0 million, or 19 cents a share from the year-ago quarter, and remained the same at $5.7 million, or 21 cents a share from the first-quarter. Farmers is the holding company of Farmers […]

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Banking & Finance: Huntington Reports Record 2Q Earnings of $272M | July 24, 2017

Huntington Reports Record 2Q Earnings of $272M

COLUMBUS, Ohio –Huntington Bancshares Inc., holding company of Huntington Bank, Friday reported second-quarter net income of $272 million, or 23 cents a common share. The $272 million, Huntington Bancshares noted, is a record for second-quarter earnings. First-quarter net income was $208 million, or 17 cents a common share, and second-quarter net income was an increase […]

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Banking & Finance: Sales of Houses in Region on Par with 2016 | July 21, 2017

Sales of Houses in Region on Par with 2016

YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county area for the first six months of the year remain on pace with the same period in 2016, despite softness in Mahoning County. A total of 2,709 houses were sold from Jan. 1 through June 30 in Columbiana, Mahoning and Trumbull counties. That total is […]

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Banking & Finance: Chemical Financial Corp. Raises Dividend | July 20, 2017

Chemical Financial Corp. Raises Dividend

MIDLAND, Mich. – Chemical Financial Corp., parent of Chemical Bank, today announced a third quarter cash dividend of 28 cents per share payable Sept. 15 to shareholders of record on Sept. 1. The dividend is a penny higher representing a 3.7% per share increase from the previous quarter’s 27 cents per share. Chemical Bank, with […]

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Banking & Finance: First Niles Announces Q2 Net Income of $124,000 | July 20, 2017

First Niles Announces Q2 Net Income of $124,000

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association, reports second-quarter net income of $124,000, or 11 cents a share. This compares to net income of $16,000, or 1 cent a share, for the year-ago quarter. First Niles attributes the increase to “net income in the current three […]

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Banking & Finance: Former Byzantine Church to Be Auctioned Aug. 15 | July 20, 2017

Former Byzantine Church to Be Auctioned Aug. 15

NEWTON FALLS, Ohio – St. Michael Byzantine Church and its 12-acre campus will be auctioned Aug. 15, according to the auction house contracted to sell the property. “It’s a very modern building,” said Jeff Byce, president of Byce Auction and Byce Realty in Youngstown. “It has a full industrial kitchen and dining hall.” The campus […]

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Banking & Finance: UCFC Reports Record Second-Quarter Net Income | July 19, 2017

UCFC Reports Record Second-Quarter Net Income

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank and the James & Sons Insurance agency, Tuesday reported second-quarter net income of $8.2 million, or 16.3 cents per basic share. The $8.2 million, UCFC noted, is a record for second-quarter earnings. First-quarter net income was $1.54 million, or 3.2 cents per […]

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