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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 […]

Economic Development: Wean Foundation Awards $130,000 in Grants | March 9, 2015

Wean Foundation Awards $130,000 in Grants

WARREN, Ohio — The Raymond John Wean Foundation, at its March board meeting, announced $130,000 in grants to four local organizations: Empowering & Strengthening Ohio’s People, Inspiring Minds, Tabernacle Baptist Church – CDF Freedom Schools and We Are Warren. The organizations and their programs are aligned with the foundation’s strategic priorities of community revitalization, economic […]

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 […]

Awards & Events: Cafaro Vows More Charitable Support for Trumbull Endeavors | March 6, 2015

Cafaro Vows More Charitable Support for Trumbull Endeavors

NILES, Ohio — The Cafaro Foundation’s donation of $100,000 toward the renovation of the athletic stadium in Howland Township is part of an increased commitment to Trumbull County as the Cafaro Co. prepares to move its headquarters, Anthony Cafaro Sr. said Thursday. “We have many, many friends, many sincere friends, true friends in Trumbull County,” […]