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Banking & Finance: Median Price, Home Sales Up in 3-County Region | June 20, 2016

Median Price, Home Sales Up in 3-County Region

YOUNGSTOWN, Ohio – Sue Filipovich, president of the Youngstown Columbiana Association of Realtors, is encouraged by the trends she sees in the Mahoning Valley real estate market. For the first five months of this year, key metrics for Mahoning, Trumbull and Columbiana counties paint a generally encouraging picture for the residential real estate market. Through […]

Banking & Finance: Low Inventory, Low Rates: It’s a Seller’s Market | June 16, 2016

Low Inventory, Low Rates: It’s a Seller’s Market

YOUNGSTOWN, Ohio — Marlin Palich hasn’t seen this market for residential properties in quite some time. Inventory is shrinking, houses are getting multiple offers and the competition for what’s available is driving selling prices above asking prices, he says. Palich is the Ohio division general manager for Northwood Realty Services, which has offices in Mahoning, […]

Banking & Finance: Farmers National Banc to Join Russell 3000 Index | June 15, 2016

Farmers National Banc to Join Russell 3000 Index

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., will be added to the broad-market Russell 3000 Index June 27, Farmers announced Tuesday. Farmers’ inclusion in the index is based on the Russell U.S. Indexes’ annual reconstitution effective that date, according to a preliminary list of additions Russell […]

Banking & Finance: Cortland Banks Hires, Promotes 12 Employees | June 14, 2016

Cortland Banks Hires, Promotes 12 Employees

CORTLAND, Ohio – Cortland Banks has promoted, assigned additional responsibilities or hired 12 employees during the first half of the year, President and CEO James Gasior announced Monday. They are Stanley Magielski, Mark Taylor, David Bell, Kevin Culp, Ryan Skelly, Nate Marshall, Amy Manolio, Greg Stallman, Karen Jindra, Jacky Treharne, Michael Lipke and Juliana Marsco. […]

Banking & Finance: Shareholders OK Huntington Acquiring FirstMerit | June 14, 2016

Shareholders OK Huntington Acquiring FirstMerit

COLUMBUS, Ohio – In separate meetings Monday, shareholders of Huntington Bancshares Inc. and First Merit Corp. approved the acquisition of the latter by the former, Huntington announced after markets closed Monday. FirstMerit shareholders met in Akron, Huntington shareholders in Columbus. In its Form 8K filed Tuesday with the Securities and Exchange Commission, Huntington reported that […]

Banking & Finance: Controlling Board OKs $3M for Valley Growth Ventures | June 7, 2016

Controlling Board OKs $3M for Valley Growth Ventures

YOUNGSTOWN, Ohio – With the Ohio Controlling Board releasing $3 million Monday, Valley Growth Ventures LLC could begin providing grants for technology-based startups by late summer. In April, the Ohio Third Frontier Program’s Pre-Seed/Seed Plus fund Capitalization Program approved the $3 million for Valley Growth Ventures, a partnership of the Youngstown Business Incubator, the Tech […]

Banking & Finance: AICPA Survey Finds More Optimism about Economy | June 4, 2016

AICPA Survey Finds More Optimism about Economy

NEW YORK – Business executives are feeling more confident about the U.S. economy’s prospects than last quarter, but remain more guarded in outlook than they were a year ago, according to the second quarter AICPA Economic Outlook Survey, which polls chief executive officers, chief financial officers, controllers and accountants in U.S. companies who hold executive […]