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Banking & Finance: Mortgage Demand Rises with Economy | June 26, 2015

Mortgage Demand Rises with Economy

YOUNGSTOWN, Ohio — The growing demand for mortgages, especially among first-time buyers, and home-equity lines of credit reflect both increased consumer confidence and a healthier economy, bankers say. “We are seeing an increase in first-time home buyers,” says John Lacy, Mahoning Valley sales manager for Huntington Bank. “Buyers are aggressive and plentiful.” Home-equity loans at […]

Banking & Finance: Acquisition of 1st NC Bank Strengthens Farmers’ Hand | June 25, 2015

Acquisition of 1st NC Bank Strengthens Farmers’ Hand

CANFIELD, Ohio – Farmers National Banc Corp. will provide customers of Tri-State First Banc Inc. with financial services that Tri-State exited late last year, said the president and CEO of Farmers, Kevin J. Helmick, most notably wealth management and insurance. Farmers and Tri-State, holding company for 1st National Community Bank of East Liverpool, announced their […]

Banking & Finance: Cyprium Makes Mezzanine Investment in B.J. Alan | June 11, 2015

Cyprium Makes Mezzanine Investment in B.J. Alan

CLEVELAND — Cyprium Partners, a non-control private equity firm, announced Wednesday its “new sponsorless mezzanine investment” in B.J. Alan Co.,  the Warren-based operator of more than 70 Phantom Fireworks showrooms in 17 states. The capital was used to refinance existing indebtedness and to fund continued growth, Cyprium said. Terms were not disclosed. Bruce Zoldan, CEO […]