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HBK Breaks Down What’s in $2T Relief Act Senate Passed

By James M. Rosa, Principal and CPA, Hill Barth & KingYOUNGSTOWN, Ohio — Late last night, the U.S. Senate approved an historic economic rescue plan, $2 trillion relief bill known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The act calls for $250 billion for direct payments to individuals and families, $350 billion […]

By James M. Rosa, Principal and CPA, Hill Barth & KingYOUNGSTOWN, Ohio -- Late last night, the U.S. Senate approved an historic economic rescue plan, $2 trillion relief bill known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act. The act calls for $250 billion for direct payments to...

Lines of Credit Help Businesses Bridge Payment Cycles

YOUNGSTOWN, Ohio – Monitoring the cash flow of your business can be an intricate process, balancing the acquisition of inventory, ensuring clients make their payments and making sure that there’s enough money left at the end of the day to keep things running. For many businesses, a line of credit is a vital part of […]

YOUNGSTOWN, Ohio – Monitoring the cash flow of your business can be an intricate process, balancing the acquisition of inventory, ensuring clients make their payments and making sure that there’s enough money left at the end of the day to keep things running. For many businesses, a line of credit...

PNC Names Krancevich Regional Commercial Banking Senior VP

YOUNGSTOWN, Ohio — An area native and Youngstown State University graduate is bringing his experience to a senior position at PNC Bank. Dennis M. Krancevich has been promoted to senior vice president, commercial banking for PNC Bank in the Youngstown market. In his role as a relationship manager, Krancevich is responsible for portfolio management and […]

YOUNGSTOWN, Ohio -- An area native and Youngstown State University graduate is bringing his experience to a senior position at PNC Bank. Dennis M. Krancevich has been promoted to senior vice president, commercial banking for PNC Bank in the Youngstown market. In his role as a relationship manager, Krancevich is...

First Niles Reports 4Q Net Income of $51,000

NILES, Ohio – First Niles Financial Inc., parent of Home Federal Savings and Loan Association of Niles, this week reported fourth-quarter net income of $51,000, and of $425,000 for 2019, or 38 cents per common share. This compares to a loss of $22,000 for the last quarter of 2018 and net income of $219,000, or […]

NILES, Ohio – First Niles Financial Inc., parent of Home Federal Savings and Loan Association of Niles, this week reported fourth-quarter net income of $51,000, and of $425,000 for 2019, or 38 cents per common share. This compares to a loss of $22,000 for the last quarter of 2018 and...

Bankers See Commercial Lending on the Rise

YOUNGSTOWN, Ohio — Big projects are on the horizon in the Mahoning Valley – efforts such as The TJX Companies’ distribution center and General Motors-LG Chem’s battery plant – but much of the expansion is happening on smaller scales. And with those expansions has come a surge in commercial lending.  “It speaks to the confidence […]

YOUNGSTOWN, Ohio -- Big projects are on the horizon in the Mahoning Valley – efforts such as The TJX Companies’ distribution center and General Motors-LG Chem’s battery plant – but much of the expansion is happening on smaller scales. And with those expansions has come a surge in commercial lending. ...

Home Savings Donation Gives MVEDC an ‘Edge’

YOUNGSTOWN, Ohio — A $25,000 donation from Home Savings Bank will help the Mahoning Valley Economic Development Corp. assist economically disadvantaged populations get funding to start new businesses. Home Savings Bank presented the check to MVEDC Thursday. The funds will be used for the Economically Disadvantaged Growing Entrepreneurs, or Edge, Revolving Loan Fund. The Edge […]

YOUNGSTOWN, Ohio -- A $25,000 donation from Home Savings Bank will help the Mahoning Valley Economic Development Corp. assist economically disadvantaged populations get funding to start new businesses. Home Savings Bank presented the check to MVEDC Thursday. The funds will be used for the Economically Disadvantaged Growing Entrepreneurs, or Edge,...

Mahoning Auditor Honored for 2018 Financial Report

YOUNGSTOWN, Ohio – Mahoning County has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada. The county’s 2018 Comprehensive Annual Financial Report contains financial statements and other financial and statistical data “which ensures the full disclosure of all material financial aspects.” […]

YOUNGSTOWN, Ohio – Mahoning County has been awarded the Certificate of Achievement for Excellence in Financial Reporting by the Government Finance Officers Association of the United States and Canada. The county’s 2018 Comprehensive Annual Financial Report contains financial statements and other financial and statistical data “which ensures the full disclosure...

First Niles Declares Six-Cent Dividend

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a six-cent cash dividend per share of common stock. The company also declared a seven-cent dividend on preferred Class A stock for the first quarter of 2020. Both dividends will be payable March 27 […]

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a six-cent cash dividend per share of common stock. The company also declared a seven-cent dividend on preferred Class A stock for the first quarter of 2020. Both dividends...

Farmers Declares 11-Cent Dividend

CANFIELD, Ohio – Farmers National Banc Corp. has declared a cash dividend of 11 cents per share. The dividend will have a record date of March 13 and is payable to shareholders on March 31. “I am pleased to announce the board of directors has approved a 22% year-over-year increase to the company’s first quarter […]

CANFIELD, Ohio – Farmers National Banc Corp. has declared a cash dividend of 11 cents per share. The dividend will have a record date of March 13 and is payable to shareholders on March 31. “I am pleased to announce the board of directors has approved a 22% year-over-year increase...

F.N.B. Corp. Declares 12-Cent Dividend

PITTSBURGH – F.N.B. Corp. has declared a quarterly cash dividend of 12 cents per share of common stock. The dividend is payable March 15 to shareholders of record at the close of business March 5.  In 2019, F.N.B. Corp., the holding company for First National Bank of Pennsylvania, reported a record annual net income of […]

PITTSBURGH – F.N.B. Corp. has declared a quarterly cash dividend of 12 cents per share of common stock. The dividend is payable March 15 to shareholders of record at the close of business March 5.  In 2019, F.N.B. Corp., the holding company for First National Bank of Pennsylvania, reported a...