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Sale of Salem Chrysler Dealer Tops January’s Deals

SALEM, Ohio — Two commercial real estate transactions in Salem top The Business Journal’s compilation of the largest deals last month in the Mahoning, Trumbull and Columbiana counties. Leading the list is the purchase Jan. 11 by Al Armour and his brother J.R. of the Salem Chrysler Dodge Jeep Ram store, now operating as Wally […]

SALEM, Ohio -- Two commercial real estate transactions in Salem top The Business Journal’s compilation of the largest deals last month in the Mahoning, Trumbull and Columbiana counties. Leading the list is the purchase Jan. 11 by Al Armour and his brother J.R. of the Salem Chrysler Dodge Jeep Ram...

Farmers Banc Corp. Reports 2017 Net Income of $22.71M

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., Wednesday reported fourth-quarter net income of $5.23 million, or 19 cents a share, and full-year 2017 net income of $22.71 million, or 82 cents a share, a 10.5% increase from the full-year 2016 net income of $20.56 million, or […]

CANFIELD, Ohio – Farmers National Banc Corp., holding company of Farmers Bank and Farmers Trust Co., Wednesday reported fourth-quarter net income of $5.23 million, or 19 cents a share, and full-year 2017 net income of $22.71 million, or 82 cents a share, a 10.5% increase from the full-year 2016 net...

How Long Should You Keep Financial Documents?

PITTSBURGH – As you get your financial records in order, it’s important to think through how to keep and store your most important documents, but also know what you can shred, according to PNC Bank’s senior wealth strategist Jim Benedict. “Actually, many people hold on to documents for much longer than they need to,” reports […]

PITTSBURGH – As you get your financial records in order, it’s important to think through how to keep and store your most important documents, but also know what you can shred, according to PNC Bank’s senior wealth strategist Jim Benedict. “Actually, many people hold on to documents for much longer...

Cortland Bancorp Reports 2017 Net Income of $4.35M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Monday reported fourth-quarter net income of $21,000, or one cent per share, after recording a tax reform write-down in its deferred tax asset value of $1.2 million, or 28 cents per share. The company also reported a full-year net income of $4.35 million, or 99 cents […]

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Monday reported fourth-quarter net income of $21,000, or one cent per share, after recording a tax reform write-down in its deferred tax asset value of $1.2 million, or 28 cents per share. The company also reported a full-year net income of...

Economic Optimism Fuels Middle Market: Survey

PROVIDENCE, R.I. – Interest among middle market companies in both buying and selling has increased significantly in the past year, fueled by rising valuations, economic optimism and an ongoing drive to find growth, according to the seventh annual Citizens Commercial Banking Middle Market M&A Outlook. The bank’s survey of 400 business leaders shows a boost […]

PROVIDENCE, R.I. – Interest among middle market companies in both buying and selling has increased significantly in the past year, fueled by rising valuations, economic optimism and an ongoing drive to find growth, according to the seventh annual Citizens Commercial Banking Middle Market M&A Outlook. The bank’s survey of 400...

Even Experts Are Unclear about Effects of Tax Reform

BOARDMAN, Ohio – Two CPAs extremely knowledgeable about the Tax Cuts and Jobs Act passed last month – Jim Rosa and Nick Demetrios – said the Republicans’ tax legislation, conducted in haste and secrecy, leaves many questions they can’t answer. Rosa and Demetrios, principals in HBK CPAs and Consultants, conducted a two-hour overview Tuesday afternoon […]

BOARDMAN, Ohio – Two CPAs extremely knowledgeable about the Tax Cuts and Jobs Act passed last month – Jim Rosa and Nick Demetrios – said the Republicans’ tax legislation, conducted in haste and secrecy, leaves many questions they can’t answer. Rosa and Demetrios, principals in HBK CPAs and Consultants, conducted...

UCFC Reports 2017 Net Income of $21.8M

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $4.50 million for the quarter ended Dec. 31, or nine cents per diluted share, and full-year net income of $21.80 million, or 43 cents per diluted share. Fourth-quarter net income compares to $7.56 million the third quarter, or […]

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $4.50 million for the quarter ended Dec. 31, or nine cents per diluted share, and full-year net income of $21.80 million, or 43 cents per diluted share. Fourth-quarter net income compares to $7.56...

Huntington 4Q Net Income Increases to $432 Million

COLUMBUS, Ohio — Huntington Bancshares Inc., holding company of Huntington Bank, Tuesday reported fourth-quarter net income of $432 million, or 37 cents a common share, and full-year 2017 net income of $1.2 billion, or $1 per common share. This compares to third-quarter net income of $275 million, or 23 cents a share, and an 81% […]

COLUMBUS, Ohio — Huntington Bancshares Inc., holding company of Huntington Bank, Tuesday reported fourth-quarter net income of $432 million, or 37 cents a common share, and full-year 2017 net income of $1.2 billion, or $1 per common share. This compares to third-quarter net income of $275 million, or 23 cents...

FNB Corp. Reports 4Q Net Income of $22 Million

first national bank hermitage pa

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $22.11 million, or seven cents per diluted common share, and full-year 2017 net income of $191.16 million, or 63 cents per share. This compares to third-quarter net income of $75.68 million, or 23 cents per common share, and […]

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $22.11 million, or seven cents per diluted common share, and full-year 2017 net income of $191.16 million, or 63 cents per share. This compares to third-quarter net income of $75.68 million, or 23...

F.N.B. Corp. Will Increase Hourly Minimum Wage to $15

PITTSBURGH, Pa. – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, will increase its hourly minimum wage to $15 by the end of 2019, accelerating an ongoing initiative. The raise was part of the announcement Thursday of “a financial commitment to both its employees and the communities it serves relating to the signing […]

PITTSBURGH, Pa. – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, will increase its hourly minimum wage to $15 by the end of 2019, accelerating an ongoing initiative. The raise was part of the announcement Thursday of "a financial commitment to both its employees and the communities it...