Chase branch to close Sept. 20
WARREN - The Chase Bank branch on Youngstown Road SE will close permanently Sept. 20.
JPMorgan Chase Bank filed paperwork June 17 with bank regulators, the Office of the Comptroller of the Currency, indicating plans to close the branch located at 2911 Youngstown Road S.E. The paperwork does not indicate a reason for the closure. Messages left seeking comment from a corporate spokeswoman in Columbus were not immediately returned.
Chase operates several other local branches. The offices nearest the branch that will close are located in front of Eastwood Mall in Niles, at 1160 West Market Street in downtown Warren and 204 Niles-Cortland Road NE in Howland.
Union Local receives state training grant
BOARDMAN - Plumbers & Pipefitters Local 396 received a $150,000 State Appalachian Development Grant to train workers for jobs related to the Marcellus and Utica Shale operations.
Jason Wilson, director of the Governor's Office of Appalachia, along with Congressman Bill Johnson, Congressman Tim Ryan, and local officials announced the grant Tuesday.
It will be used to train a class of 40 apprentices and displaced welders in pipeline construction and downhill welding techniques. The pipe welders will be trained at the Local 396 facility in Boardman.
TimkenSteel spinoff complete
A spinoff of TimkenSteel from The Timken Company is now complete, and the new entity began trading independently Tuesday under the symbol TMST on the New York Stock Exchange.
The original company continues to trade under the symbol TKR. Timken shareholders of record received a share of TimkenSteel stock for every two shares of Timken stock. The spinoff, announced in September, was intended to drive value for both public companies. The original company will continue its focus on bearings and power transmission services.
Company officials said Tuesday the Niles Timken plant, which employs about 40 workers, will remain under the original Timken company and will be unaffected by the corporate changes.
Burger King sells 'Proud Whopper' in San Francisco
NEW YORK - Burger King is celebrating gay pride with a message on its Whopper wrappers.
The fast-food chain says it will post a video online Wednesday that shows scenes from a San Francisco location where it sold a "Proud Whopper." Customers were not told what is in the burger, which comes wrapped in rainbow paper. Once opened up, a message inside the wrapper states, "We are all the same inside."
The idea is that the Proud Whopper is no different from the regular Whopper, despite its colorful packaging.
The marketing effort is part of Burger King's push to connect with customers in a more meaningful way, particularly with the younger individuals fast-food chains are known for courting.
Local bank stocks reported
First Niles Financial shares were unchanged in Tuesday's trading to close at $9 a share.
Cortland Bancorp also remained steady at $11.90 a share.
Staff, wire reports