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Banking & Finance: Region Sees Drop in Foreclosures, Delinquencies | August 26, 2016

Region Sees Drop in Foreclosures, Delinquencies

YOUNGSTOWN, Ohio – Data for June show mortgage foreclosures and delinquencies in the Youngstown-Warren-Boardman metropolitan area were both down from a year earlier. CoreLogic, a California-based data and analytics company, reports that foreclosures among outstanding mortgage loans was 1.66% in June for the Youngstown-Warren-Boardman. That’s down 0.22 percentage points from June 2015 when the foreclosure […]

Banking & Finance: Huntington Bank Completes Acquisition of FirstMerit | August 16, 2016

Huntington Bank Completes Acquisition of FirstMerit

COLUMBUS, Ohio – Huntington Bancshares Inc., has completed its acquisition of FirstMerit Corp. and all offices of FirstMerit Bank are now branches of Huntington National Bank, Huntington announced this morning. The agreement between the two providers of financial services based in Columbus (Huntington) and Akron (FirstMerit) was announced Jan. 25. The resulting entity has assets […]

Banking & Finance: Regulators Give Go-Ahead to Chemical-Talmer Merger | August 12, 2016

Regulators Give Go-Ahead to Chemical-Talmer Merger

MIDLAND, Mich. – The Board of Governors of the Federal Reserve System and the Michigan Department of Insurance and Financial Services have approved the union of Chemical Financial Corp. and Talmer Bancorp Inc., allowing completion of the merger Aug. 31. Chemical, holding company of Chemical Bank, made the announcement after markets closed Wednesday. Talmer is […]

Banking & Finance: First Commonwealth to Buy 13 FirstMerit Offices | July 29, 2016

First Commonwealth to Buy 13 FirstMerit Offices

COLUMBUS, Ohio – First Commonwealth Financial Corp., holding company of First Commonwealth Bank, has agreed to buy 13 offices of FirstMerit Bank to satisfy the competitive concerns of the U.S. Department of Justice regarding the pending acquisition of FirstMerit this quarter by Huntington Bancshares Inc. The chairman, president and CEO of Huntington Bancshares, Stephen D. […]