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Banking & Finance: Johnson, Ryan Tell Talmer Clients How They Work Together | March 21, 2015

Johnson, Ryan Tell Talmer Clients How They Work Together

CANFIELD, Ohio — The two representatives to Congress from the Mahoning Valley often disagree, but their ability to cooperate on issues of local importance impressed their audience Friday morning. U.S. Reps. Tim Ryan and Bill Johnson appeared together at a meeting hosted by Talmer Bank and Trust at Tippecanoe Country Club here. The purpose was […]

Banking & Finance: First Niles Announces Payoff of Nonperforming Loan | March 9, 2015

First Niles Announces Payoff of Nonperforming Loan

NILES, Ohio — First Niles Financial Inc., parent company of Home Federal Savings and Loan Association of Niles, reports the pay-off of a nonperforming loan will positively impact earnings during the first quarter. This transaction is expected to contribute approximately $148,000 in pretax income, or about $98,000 in after-tax income, to overall first-quarter earnings, the […]

Banking & Finance: New Credit, Debit Cards to Contain Computer Chips | March 6, 2015

New Credit, Debit Cards to Contain Computer Chips

YOUNGSTOWN, Ohio — By October, many but not all Americans will begin using their new credit and debit cards – called security-enhanced EMV-enabled cards – to make payments at brick-and-mortar stores. Instead of swiping their cards with magnetic strips along the sides of the current POS (point-of-sale) terminals, they will insert their new cards, each […]

Banking & Finance: Foreclosures, Mortgages Delinquencies Down in Valley | March 6, 2015

Foreclosures, Mortgages Delinquencies Down in Valley

YOUNGSTOWN, Ohio — Foreclosure rates in the Youngstown-Warren-Boardman statistical metropolitan area decreased in December compared to the same month last year, according to newly released data from CoreLogic, a California-based provider of financial information. The CoreLogic data show that the rate of  foreclosures in he area among outstanding mortgage loans was 1.98% for December, down 1.20 percentage […]

Banking & Finance: Agriculture Lending Yields Specialty for Small Bank | March 2, 2015

Agriculture Lending Yields Specialty for Small Bank

ORRVILLE, Ohio — Farming has become as high-tech as manufacturing. Robotics are just as integral to raising livestock as to the autoworkers who produce Cruzes at the General Motors Co. complex in Lordstown. Agricultural lending, on the other hand, is quite different than what bankers call “C&I lending,” commercial and industrial lending. The majority of […]