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FNB Declares $18.13 Cash Dividend

PITTSBURGH – The board of director of F.N.B. Corp., holding company of First National Bank of Pennsylvania, has declared a quarterly cash dividend of $18.13 per share on F.N.B.’s non-cumulative perpetual preferred stock, Series E. The dividend is payable Feb. 15 to shareholders of record Jan. 31. F.N.B. has total assets of $33 billion, and […]

PITTSBURGH – The board of director of F.N.B. Corp., holding company of First National Bank of Pennsylvania, has declared a quarterly cash dividend of $18.13 per share on F.N.B.'s non-cumulative perpetual preferred stock, Series E. The dividend is payable Feb. 15 to shareholders of record Jan. 31. F.N.B. has total...

PNC Reports Full-Year Net Income of $5.3B

PITTSBURGH — PNC Financial Services Group today reported fourth-quarter net income of $1.351 billion, or $2.75 per diluted common share, and full-year net income of $5.346 billion, or $10.71 per diluted share. Fourth-quarter net income compares to $1.400 billion the third quarter, or $2.82 per diluted share, and fourth-quarter 2017 income of $2.091 billion, or […]

PITTSBURGH — PNC Financial Services Group today reported fourth-quarter net income of $1.351 billion, or $2.75 per diluted common share, and full-year net income of $5.346 billion, or $10.71 per diluted share. Fourth-quarter net income compares to $1.400 billion the third quarter, or $2.82 per diluted share, and fourth-quarter 2017...

PNC to Acquire Ambassador Financial Group

PITTSBURGH – PNC Bank has reached a definitive agreement to acquire Ambassador Financial Group Inc., a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies and other financial institutions. Terms were not disclosed. Upon the closing of the transaction, AFG will become a subsidiary of PNC Bank within its […]

PITTSBURGH – PNC Bank has reached a definitive agreement to acquire Ambassador Financial Group Inc., a provider of balance sheet management, investment banking and capital markets services to banks, insurance companies and other financial institutions. Terms were not disclosed. Upon the closing of the transaction, AFG will become a subsidiary...

Ohio Insurance Rates Among Nation’s Lowest

COLUMBUS, Ohio — A national study found that Ohioans pay among the lowest average premiums nationally for auto and homeowners insurance The National Association of Insurance Commissioners reported in 2016, Ohioans on average paid the ninth lowest rate for homeowners insurance at $850, and the 14th lowest for auto insurance at $727. That is compared […]

COLUMBUS, Ohio -- A national study found that Ohioans pay among the lowest average premiums nationally for auto and homeowners insurance The National Association of Insurance Commissioners reported in 2016, Ohioans on average paid the ninth lowest rate for homeowners insurance at $850, and the 14th lowest for auto insurance...

Valley Car Sales End 2018 on High Note, But Down for Year

YOUNGSTOWN, Ohio ­– Car sales in the Mahoning Valley ended 2018 on a high note, though full-year sales were down from the year before, according to the latest report from the Greater Cleveland Automobile Dealers. In Mahoning, Trumbull and Columbiana counties, 3,999 new and used cars were sold in December, the group said, 19 more […]

YOUNGSTOWN, Ohio ­– Car sales in the Mahoning Valley ended 2018 on a high note, though full-year sales were down from the year before, according to the latest report from the Greater Cleveland Automobile Dealers. In Mahoning, Trumbull and Columbiana counties, 3,999 new and used cars were sold in December,...

PNC Adds to Board, Declares 95 Cents Dividend

PITTSBURGH – PNC Financial Services Group announced Thursday that it has increased the number of directors on its board to 14 and appointed three new members: Joseph Alvarado, Richard Harshman and Toni Townes-Whitley. “Each of these three new members of PNC’s board of directors have achieved significant leadership experience and business expertise within different industries […]

PITTSBURGH – PNC Financial Services Group announced Thursday that it has increased the number of directors on its board to 14 and appointed three new members: Joseph Alvarado, Richard Harshman and Toni Townes-Whitley. "Each of these three new members of PNC's board of directors have achieved significant leadership experience and...

GM, Ford Sales Down in 2018 as FCA Makes Gains

YOUNGSTOWN, Ohio – A late-year surge in sales pushed Fiat Chrysler Automobiles into gains for the year, while General Motors Co. and Ford Motor Co. continued off pace in the fourth quarter of 2018, mirroring an industry-wide trend of slipping sales. In the final quarter of 2018, General Motors reported a 2.7% drop in sales […]

YOUNGSTOWN, Ohio – A late-year surge in sales pushed Fiat Chrysler Automobiles into gains for the year, while General Motors Co. and Ford Motor Co. continued off pace in the fourth quarter of 2018, mirroring an industry-wide trend of slipping sales. In the final quarter of 2018, General Motors reported...

Worried about Recession? CPAs Advise Prudence

YOUNGSTOWN, Ohio – Despite headwinds such as rising interest rates, trade threats and chatter about a looming recession, companies are confident that 2019 should be another strong year. Yet it doesn’t mean area businesses shouldn’t prepare for the worst, advise local accounting firms. At the very least, these companies should have some plan in place […]

YOUNGSTOWN, Ohio – Despite headwinds such as rising interest rates, trade threats and chatter about a looming recession, companies are confident that 2019 should be another strong year. Yet it doesn’t mean area businesses shouldn’t prepare for the worst, advise local accounting firms. At the very least, these companies should...

Farmers Adds Robinson, Johnson to Private Banking Division

CANFIELD, Ohio – Farmers National Bank continues to grow its private banking division with the additions of Dallas Robinson and Stacey Johnson. Robinson (pictured) joined the bank’s current office in Wooster and Johnson will lead new efforts for Farmers private banking in the Cleveland area. Robinson brings with him 11 years of experience in the […]

CANFIELD, Ohio – Farmers National Bank continues to grow its private banking division with the additions of Dallas Robinson and Stacey Johnson. Robinson (pictured) joined the bank’s current office in Wooster and Johnson will lead new efforts for Farmers private banking in the Cleveland area. Robinson brings with him 11...

Your Home, Your Insurance Policy

YOUNGSTOWN, Ohio – No two homes and no two homeowners are alike. So why should their insurance policies be? Now more than ever, home insurance is a tailored product that can be customized in nearly any way the homeowner sees fit. “We are a data-driven industry. Millions upon millions of data points go into deciding […]

YOUNGSTOWN, Ohio – No two homes and no two homeowners are alike. So why should their insurance policies be? Now more than ever, home insurance is a tailored product that can be customized in nearly any way the homeowner sees fit. “We are a data-driven industry. Millions upon millions of...