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Cleveland Fed Seeks Closer Ties to Valley

YOUNGSTOWN, Ohio – An initiative recently launched by the Federal Reserve Bank of Cleveland is intended to promote better communication with the markets it serves, including the Mahoning Valley.  The effort kicked off Nov. 5 with a “Conversation with the Federal Reserve Bank of Cleveland” event hosted by the Youngstown/Warren Regional Chamber. It brought representatives […]

YOUNGSTOWN, Ohio – An initiative recently launched by the Federal Reserve Bank of Cleveland is intended to promote better communication with the markets it serves, including the Mahoning Valley.  The effort kicked off Nov. 5 with a “Conversation with the Federal Reserve Bank of Cleveland” event hosted by the Youngstown/Warren...

With Strong 2019, Banks Confident Heading into 2020

YOUNGSTOWN, Ohio – On the heels of a record year in 2018, many banks in the Mahoning Valley say they’re in a similar position as this year comes to a close, bolstered by strong performance in both commercial and residential lending. “There are always challenges with every business and I think we overcame a lot […]

YOUNGSTOWN, Ohio – On the heels of a record year in 2018, many banks in the Mahoning Valley say they’re in a similar position as this year comes to a close, bolstered by strong performance in both commercial and residential lending. “There are always challenges with every business and I...

Farmers Declares 10-Cent Dividend

CANFIELD, Ohio – Farmers National Banc Corp. has declared a 10-cent cash dividend on its common stock.  The cash dividend will have a record date of Dec. 13 and will be payable to shareholders on Dec. 31, according to the company’s quarterly announcement. Farmers National Banc Corp. is the holding company of Farmers National Bank […]

CANFIELD, Ohio – Farmers National Banc Corp. has declared a 10-cent cash dividend on its common stock.  The cash dividend will have a record date of Dec. 13 and will be payable to shareholders on Dec. 31, according to the company’s quarterly announcement. Farmers National Banc Corp. is the holding...

Charles Schwab Buys TD Ameritrade in Brokerage Blockbuster

By STAN CHOE AP Business WriterNEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade for $26 billion, a blockbuster deal accelerated by massive disruption in the online brokerage industry. Competitive pressure has already forced brokerages to make it free for customers to trade U.S. stocks online, and Schwab’s proposal would combine two of […]

By STAN CHOE AP Business WriterNEW YORK (AP) — Charles Schwab is buying rival TD Ameritrade for $26 billion, a blockbuster deal accelerated by massive disruption in the online brokerage industry. Competitive pressure has already forced brokerages to make it free for customers to trade U.S. stocks online, and Schwab's...

Cost of True Love’s 12 Gifts Hold Steady in 2019

PITTSBURGH – There’s good news this holiday season for shoppers looking to buy gifts for their true love: the dozen items in the classic song “The 12 Days of Christmas” are essentially even with last year’s prices. In total, the items will cost $38,993.59, up just $67.56 or 0.2%, according to PNC’s annual Christmas Price […]

PITTSBURGH – There’s good news this holiday season for shoppers looking to buy gifts for their true love: the dozen items in the classic song “The 12 Days of Christmas” are essentially even with last year’s prices. In total, the items will cost $38,993.59, up just $67.56 or 0.2%, according...

First Niles Declares Dividends for Stockholders

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...

First Niles Reports 3Q Income of $161K

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

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,...

Farmers Reports Record 3Q Income of $9.2M

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

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...