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Banking & Finance: Huntington on Track to Become Ohio’s Largest Bank | January 27, 2016

Huntington on Track to Become Ohio’s Largest Bank

COLUMBUS, Ohio – Huntington Bancshares acquisition of FirstMerit Corp. would make the combined Huntington Bank, once it integrates FirstMerit Bank, the largest in Ohio, surpassing KeyBank. Largest, Huntington explained Tuesday, based on deposit market share. Fifth Third has earning assets of some $125 billion, which would still exceed the larger Huntington. Pro forma, the assets […]

Banking & Finance: SBA Ready to Restore Its 504 Refinance Program | January 22, 2016

SBA Ready to Restore Its 504 Refinance Program

VIENNA TOWNSHIP, Ohio – The U.S. Small Business Administration has restored the 504 Refinance Program, a measure that should help small-business owners put their enterprises on a surer footing and grow, James F. Donato told bankers Thursday. The executive director of Mahoning Valley Economic Development Corp., Michael R. Conway, suggested the restoration would be “a […]

Banking & Finance: FNB Corp. Reports $37.1M Fourth-Quarter Net Income | January 22, 2016

FNB Corp. Reports $37.1M Fourth-Quarter Net Income

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, Thursday reported fourth-quarter net income available to common shareholders of $37.1 million, or 21 cents per diluted common share, and full-year 2014 net income of $151.6 million, or 86 cents per share. This compares to fourth-quarter 2014 net income available to common shareholders […]