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Business

Workhorse was to meet with postal service reps

LORDSTOWN — Workhorse Group was to meet in-person Wednesday with representatives of the U.S. Postal Service to get additional information on why the Cincinnati-based company was not awarded the contract for the postal service’s next-gen vehicle. A company spokesman with international ...

No time like now to return kids to school

It’s been almost exactly a year since students all around Ohio were sent home for remote learning due to COVID-19. Now, at the urging of Gov. Mike DeWine and aided by slowing numbers of virus cases and upticks in vaccination rates, students in many school districts are heading back to ...

Regional chamber’s honor to GM angers former Lordstown workers

LORDSTOWN — Giving General Motors an award for the impact it’s made in the community is “like a smack in the face” to the former workers and their families displaced when the automaker closed its Lordstown assembly plant, its former union leader said. “What about the thousands of ...

Auto dealers start year slowly

Automobile dealers in the Mahoning Valley began 2021 the same way they ended 2020, with lagging sales. The latest data from the Greater Cleveland Automobile Dealers’ Association shows new and used car sales in January were off 17.6 percent from the prior year. There were 4,373 deliveries ...

Farmers National announces dividend of 11 cents per share

CANFIELD — Farmers National Banc Corp., the parent company of Farmers National Bank, declared a quarterly dividend of 11 cents per share on its common stock. The dividend will have a record date of March 12 and is payable to shareholders March 31.

Penguin City Beer gets DOPE as first tenant

YOUNGSTOWN — Penguin City Beer has its first tenant at the downtown warehouse it bought in December. Hannah Ferguson, of D.O.P.E Cider House & Winery, will be leasing a 1,000-square-foot production facility and tasting room housed next to the warehouse, the former Republic warehouse at ...

It’s been a Gas(ser)

LIBERTY — Odds are if you’ve sat at blackjack or poker table, or played the slots, at a casino along the Las Vegas strip, it was in or on a Gasser chair. Same for dinner or lunch at Leo’s Ristorante in Howland, or an event at any of the three Avalon Inn and Country Club locations in the ...

Business briefs

MANUFACTURING EXPERT TO SPEAK AT CHAMBER EVENT: Slade Gardner, one of the foremost authorities on additive manufacturing, will speak a the Youngstown Warren Regional Chamber’s 2021 annual meeting March 17 at the Eastwood Event Centre. Gardner has been pioneering industrial additive ...

Fire report gives more details on Endurance

LORDSTOWN — Lordstown Motors Corp. suffered a property loss of $150,000 when one of its prototype Endurance electric trucks caught fire on its maiden road test last month. That detail and others are contained in a fire report this newspaper requested Monday and received Wednesday from the ...

Business briefs

CHAMBER JOINS COALITION: The Youngstown Warren Regional Chamber has joined with Ohio businesses and trade organizations to mobilize Ohioans to help to stop the spread of COVID-19. Led by the Ohio Business Roundtable, employers announced the Coalition to Stop the Spread, an initiative that ...

Michigan company purchases former Toys R Us warehouse

YOUNGSTOWN — The former Toys R Us warehouse here has been sold for $15.8 million to a Troy, Mich.-based company that designs houseware products for retailers in the U.S. HMS Mfg. Co. bought the more than 441,000-square-foot warehouse at 1500 Geoffrey Trail — the road apparently named ...

Aim expands used truck department

WARREN — Girard-based Aim Transportation Solutions, the largest privately owned truck leasing company in the U.S., is expanding its used truck department, the company announced. The move, being done to keep pace with demand, will have the company purchase equipment from outside sources and ...

Business briefs

NEW NAME FOR FOUNDATION: Premier Bank recently announced the Home Savings Charitable Foundation is now the Premier Bank Foundation, following the company name change and 2020 merger of Home Savings Bank in Youngstown and Defiance-based First Federal Bank of the Midwest. In the past 30 years, ...

Income, loans grow at Premier

YOUNGSTOWN — Premier Financial Corp., the holding company for Youngstown-based Premier Bank, reported 2020 net income of $63.1 million, up from $49.4 million in 2019. Excluding expenses related to the merger of United Community Financial Corp. of Youngstown and Defiance-based First Federal ...

Dollar General planned in Milton

LAKE MILTON — A northern California Bay area trust has purchased 7.75 vacant acres on Mahoning Avenue in Milton Township for what appears to be a new Dollar General store. The $1.47 million sale was recorded Jan. 21 with the Mahoning County Auditor’s office. It’s between The Moldanado ...

Farmers posts record income

WARREN — Canfield-based Farmers National Banc Corp. posted record annual net income of $41.9 million in 2020, up from $35.8 million in 2019, the company reported. The holding company for Farmers Bank also marked for the quarter ending Dec. 31 its 152nd consecutive quarter of ...

Endurance prototype to arrive in March

LORDSTOWN — Lordstown Motors Corp. is targeting March to complete prototypes of its Endurance pickup and remains on track to launch full production of the battery-powered truck in September, the company announced. The upstart electric vehicle maker also announced Thursday it is developing an ...

Regional chamber names Coviello president / CEO

YOUNGSTOWN — The governing board of the Youngstown Warren Regional Chamber selected Guy Coviello as the economic development and business advocacy organization’s next president and CEO. Coviello replaces Tom Humphries, president and CEO from 1997 through 2017, who returned in 2019. The ...

Premier Financial to change leadership at end of March

YOUNGSTOWN — Leadership at Premier Financial Corp., holding company for Premier Bank, will transition March 31 to Gary Small, who will become president and CEO. The timetable is consistent with plans from the September 2019 merger of United Community Financial Corp., the former holding ...

Income down, assets up at Middlefield Banc Corp.

WARREN — Middlefield-based, Middlefield Banc Corp., reported net income for 2020 was $8.3 million, a 34.3 percent drop from the previous year due to an increase of $9 million in the provision for loan losses brought on the viral outbreak. The company, holding company for The Middlefield ...