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First Niles Declares Dividends for Stockholders | November 5, 2019

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a 6-cent cash dividend on common stock. The Niles-based bank also declared a 7-cent dividend on preferred class A stock. The dividends will be payable on Dec. 20 to shareholders of record as of […]

NILES, Ohio – First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has declared a 6-cent cash dividend on common stock. The Niles-based bank also declared a 7-cent dividend on preferred class A stock. The dividends will be payable on Dec. 20 to...

Fed Cuts Rates for 3rd Time, Signals It Will Now Pause | October 30, 2019

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated that it won’t cut again in the coming months unless the economic outlook worsens. The Fed’s […]

By CHRISTOPHER RUGABER AP Economics WriterWASHINGTON (AP) — The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it indicated that it won't cut again in the coming months unless the...

First Niles Reports 3Q Income of $161K | October 30, 2019

NILES, Ohio – First Niles Financial Inc. reports third-quarter net income of $161,000, or 14 cents per share, up from the $62,000, or 9 cents per share, reported for the same period a year ago. The holding company for Home Federal Savings and Loan Association of Niles also reported year-to-date income of $374,000, up from […]

NILES, Ohio – First Niles Financial Inc. reports third-quarter net income of $161,000, or 14 cents per share, up from the $62,000, or 9 cents per share, reported for the same period a year ago. The holding company for Home Federal Savings and Loan Association of Niles also reported year-to-date...

Credit Unions Cement Their Footprints | October 29, 2019

YOUNGSTOWN, Ohio – The credit union movement, which dates its origin to the 1850s in Europe, keeps growing with  more than 57,000 credit unions operating in 105 countries, according to the European Network of Credit Unions.  As of July 2019, more than 6,000 credit unions operate in the United States, reports the United States Credit […]

YOUNGSTOWN, Ohio – The credit union movement, which dates its origin to the 1850s in Europe, keeps growing with  more than 57,000 credit unions operating in 105 countries, according to the European Network of Credit Unions.  As of July 2019, more than 6,000 credit unions operate in the United States,...

More Employers Offers Workers Help to Pay Off Student Loans | October 29, 2019

By SARAH SKIDMORE SELL AP Personal Finance WriterAmericans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It’s a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number of employers are stepping in […]

By SARAH SKIDMORE SELL AP Personal Finance WriterAmericans collectively owe nearly $1.5 trillion in student loans — more than twice the total a decade ago. It's a burden that weighs on millions of adults, shaping their life choices and often stunting their financial growth. Now a small but growing number...

Farmers Reports Record 3Q Income of $9.2M | October 23, 2019

CANFIELD, Ohio — Farmers National Banc Corp. reports net income for the three months ended Sept. 30 of $9.2 million, a 13% increase from the same period last year. Following 147 consecutive quarters of profitability, the company reports a 1.51% annualized return on average assets and 12.49% annualized return on average equity for the third […]

CANFIELD, Ohio -- Farmers National Banc Corp. reports net income for the three months ended Sept. 30 of $9.2 million, a 13% increase from the same period last year. Following 147 consecutive quarters of profitability, the company reports a 1.51% annualized return on average assets and 12.49% annualized return on...

Correction: Middlefield Reports Nine-Month Income of $9.6M | October 23, 2019

MIDDLEFIELD, Ohio — Middlefield Banc Corp., the holding company of The Middlefield Banking Co., reports a record net income of $9.6 million for the nine months ended Sept. 30, up 6.3% year-over-year. “Competition for both loans and deposits within many of our markets remains high and we have seen aggressive pricing dynamics from some of […]

MIDDLEFIELD, Ohio -- Middlefield Banc Corp., the holding company of The Middlefield Banking Co., reports a record net income of $9.6 million for the nine months ended Sept. 30, up 6.3% year-over-year. "Competition for both loans and deposits within many of our markets remains high and we have seen aggressive...

Home Savings Reports Record 3Q Earnings of $10.5M | October 23, 2019

YOUNGSTOWN, Ohio – United Community Financial Corp., the holding company of Home Savings Bank, reports record third-quarter net income of $10.5 million, or diluted earnings per share of 21.8 cents. The earnings are up 10.2% from the year-ago quarterly earnings of $9.5 million, or 21.8 cents per share. In a statement, President and CEO Gary […]

YOUNGSTOWN, Ohio – United Community Financial Corp., the holding company of Home Savings Bank, reports record third-quarter net income of $10.5 million, or diluted earnings per share of 21.8 cents. The earnings are up 10.2% from the year-ago quarterly earnings of $9.5 million, or 21.8 cents per share. In a...

F.N.B. Passes $100M in Quarterly Income for First Time | October 17, 2019

PITTSBURGH – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, reports third-quarter net income of $103 million, or 31 cents per common share, marking the first time the company has surpassed $100 million in quarterly net income. The income is ahead of the previous quarter’s $93.2 million and the year-ago quarter’s $98.8 […]

PITTSBURGH – F.N.B. Corp., the holding company of First National Bank of Pennsylvania, reports third-quarter net income of $103 million, or 31 cents per common share, marking the first time the company has surpassed $100 million in quarterly net income. The income is ahead of the previous quarter’s $93.2 million...

PNC Reports $1.4B in 3Q Income | October 16, 2019

PITTSBURGH – PNC Financial Services Group Inc. reports a third-quarter net income of $1.4 billion and revenue of $4.5 billion, each a 1% increase from the same period in 2018. Diluted earnings per share for the company were $2.94, up from $2.82 a year ago.  “PNC delivered excellent results in the third quarter. Our loan […]

PITTSBURGH – PNC Financial Services Group Inc. reports a third-quarter net income of $1.4 billion and revenue of $4.5 billion, each a 1% increase from the same period in 2018. Diluted earnings per share for the company were $2.94, up from $2.82 a year ago.  “PNC delivered excellent results in...