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Cortland Bancorp Hits Record Income of $8.83M in 2018

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Wednesday reported fourth-quarter net income of $2.02 million, or 48 cents per share. The company also reported a record full-year net income of $8.83 million, or $2.04 per diluted share, double the earnings when compared to the $4.35 million, or 99 cents per diluted share […]

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Bank, Wednesday reported fourth-quarter net income of $2.02 million, or 48 cents per share. The company also reported a record full-year net income of $8.83 million, or $2.04 per diluted share, double the earnings when compared to the $4.35 million, or...

UCFC Reports 2018 Net Income Rises to $37M

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $9.55 million for the quarter ended Dec. 31, or 19 cents per diluted share, and full-year net income of $37.17 million, or 74 cents per diluted share, compared to $21.8 million in 2017 or 43.7 cents per share. […]

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of Home Savings Bank, reports net income of $9.55 million for the quarter ended Dec. 31, or 19 cents per diluted share, and full-year net income of $37.17 million, or 74 cents per diluted share, compared to $21.8 million in 2017...

FNB Corp. Reports 4Q Net Income of $98M

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $98.11 million, or 30 cents per diluted common share, and full-year 2018 net income of $364.81 million, or $1.12 per share. This compares to third-quarter net income of $98.75 million, or 30 cents per common share, and fourth-quarter […]

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Tuesday reported fourth-quarter net income of $98.11 million, or 30 cents per diluted common share, and full-year 2018 net income of $364.81 million, or $1.12 per share. This compares to third-quarter net income of $98.75 million, or 30 cents...

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...

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...

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...

Mortgage Lenders Say Rates Still Attractive for Buyers

YOUNGSTOWN, Ohio – Even as the Federal Reserve raised short-term interest rates Dec. 19 for the fourth time in 2018, local mortgage lenders say rates are still relatively low and shouldn’t deter anyone from purchasing a home. “Rates are very attractive and still make borrowing very affordable,” says Michael Garmone, vice president of residential lending […]

YOUNGSTOWN, Ohio – Even as the Federal Reserve raised short-term interest rates Dec. 19 for the fourth time in 2018, local mortgage lenders say rates are still relatively low and shouldn’t deter anyone from purchasing a home. “Rates are very attractive and still make borrowing very affordable,” says Michael Garmone,...

Plenty of Cheer for Santa as Salary Reaches $152K

YOUNGSTOWN, Ohio – Santa Claus has plenty to be jolly about as for the third straight year; he’s seen his salary increase, according to Insure.com’s annual Santa Index. Drawing from the Bureau of Labor Statistics, Insure placed Saint Nick’s pay at $152,367 in 2018, an all-time high. His salary is up 1.96% from 2017, not […]

YOUNGSTOWN, Ohio – Santa Claus has plenty to be jolly about as for the third straight year; he’s seen his salary increase, according to Insure.com’s annual Santa Index. Drawing from the Bureau of Labor Statistics, Insure placed Saint Nick’s pay at $152,367 in 2018, an all-time high. His salary is...