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Business

Business briefs

CORTLAND MOWER AWARDED: Cortland Mower Sales was recently given the 2020 Unlocking Possible Award by Cub Cadet. The annual award recognizes an independent dealer within Cub Cadet’s national network that demonstrates the Cub Cadet purpose of Unlocking Possible by going above and beyond to ...

Cortland Bancorp reports increase in its net income

CORTLAND — Cortland Bancorp, the parent company of Cortland Bank, reported in the third quarter a net income of $2.2 million, up 12 percent from the second quarter and 11 percent from the third quarter of 2019. Mortgage loans accounted for much of the revenue growth with the mortgage unit ...

Farmers National reports net income in Q3 of $10.9M

CANFIELD — Farmers National Banc Corp., parent company for Farmers National Bank, reported net income of $10.9 million in the third quarter, a 19 percent increase over the same quarter in 2019 despite a $2.1 million increase in provisions for loan losses. The quarter marked the 151st in a ...

1st Niles Financial reports quarterly loss, dividend

NILES — First Niles Financial Inc., the holding company for Home Federal Savings and Loan Association of Niles, reported net income of $109,000 for the quarter that ended in September, a decrease of $52,000 from the same period in 2019. For the first nine months of 2020, the company ...

TCF Financial reports large increase in revenue

WARREN — TCF Financial Corp. reported third-quarter net income of $55.7 million, a 134 percent increase from $23.8 million the company reported in the previous quarter. TCF Financial, the holding company for TCF Bank, the former Chemical Bank, also reported loans and leases were $34.3 ...

Hiring begins at Ultium Cells in Lordstown

LORDSTOWN – Hiring has begun at Ultium Cells LLC, a General Motors-backed electric vehicle battery-cell manufacturing plant under construction near the automaker's former Lordstown assembly plant. Ultium Cells announced Wednesday afternoon that job seekers can apply for several positions at ...

Gas prices fall 10 cents per gallon in northeast Ohio

WARREN — The average price for gasoline across northeast Ohio is 10 cents lower this week at $1.99 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, motorists can expect to pay an average $2.01 per gallon and in Niles, $1.99 per gallon. The ...

New leaders named at Mercy Health Youngstown

YOUNGSTOWN — Mercy Health Youngstown announced Martin Tursky has been named chief operating officer and Michelle Crawford has been named chief financial officer for the Youngstown market. Tursky, a graduate of the U.S. Military Academy at West Point, began in the health care field in 1998 ...

Eastern Gateway hits high for semester enrollment

YOUNGSTOWN — Eastern Gateway Community College, with campuses in Youngstown and Steubenville, has its largest enrollment for a fall semester with 41,843 students on campus and online. That number includes 23 percent more Ohio students with nearly half within the college’s four-county ...

Business briefs and People on the Move

AKRON CHILDREN’S NURSE RESEARCH SCHOLARS: Four nurses of Akron Children’s Hospital have been named 2020 Nurse Research Scholars, including registered nurse Shelley Sidora of Niles. Sidora, who holds a Master of Science in nursing, is coordinator of clinical education, Akron Children’s ...

Middlefield Banc Corp. announces quarterly results

MIDDLEFIELD — Middlefield Banc Corp. reported a net income loss of $1.4 million for the third quarter of 2020 and a $2.7 million loss for the first nine months of the year. The corporation, parent company of Middlefield Bank, reported the larger decline was mostly due to a $7.3 million ...

Premier Financial Corp. turns in strong 3Q earnings

YOUNGSTOWN — Premier Financial Corp, the holding company for Premier Bank, reported net income of $25.7 million for the third quarter of 2020, compared to $13.2 million for the same quarter last year. Excluding expenses related to the merger of United Community Financial Corp., the parent ...

Cortland Bancorp reports dividend of 14 cents per share

CORTLAND — Cortland Bancorp, the parent company of Cortland Bank, announced a third quarter dividend of 14 cents per share. The dividend is payable Dec. 1 to shareholders of record at the close of business Nov. 9.

YBI sets Virtual Pitch competition

YOUNGSTOWN — The Youngstown Business Incubator will hold a virtual pitch competition for startups and small businesses this year instead of its “YBI Shark Tank” event due to the viral outbreak. To enter, make a short, but creative video pitching the company and fill out an application. ...

Panelmatic wins chamber award

YOUNGSTOWN — Brookfield-based Panelmatic Building Solutions is the 2020 recipient of the Youngstown Warren Regional Chamber’s Excellence in Manufacturing award. The award will be presented Nov. 5 at the chamber’s annual economic forecast breakfast at the Eastwood Event Centre at ...

Wagering down at Austintown racino

AUSTINTOWN — Wagering on video lottery terminals at Hollywood Gaming at Mahoning Valley Race Course shrunk in September, and so it did at the other six racinos in Ohio as they continue to try to bounce back from losses caused by the viral outbreak. Bettors at the Austintown racino wagered ...

Casino revenue falls for 2nd month

WARREN — Revenue at Ohio’s four casinos was down 7 percent last month and is off more than 16 percent since July, when it notched an all-time high of $86 million, according to the Ohio Casino Control Commission. The latest report from the commission shows revenue in September eclipsed ...

STEM info session at YSU

YOUNGSTOWN — High school juniors and seniors interested in pursuing a college education in science, technology, engineering, mathematics or medicine at Youngstown State University can attend a virtual information session 3 to 4 p.m. Thursday. The session will include an overview of two ...

Gas prices fall in NE Ohio

WARREN — The average price for gasoline across northeast Ohio is 12 cents lower this week at $2.04 per gallon, according to AAA East Central’s Gas Price Report. The average price in the Warren-Youngstown area is $2.03 per gallon and in Niles, $2.04. This time last year, the region’s ...

Dominion rates announced

WARREN — The rate for Dominion Energy Ohio’s standard choice and standard service offers in October is $2.25 per thousand cubic feet (Mcf), the company announced. The rates are down 47 cents from September and 39 cents from October 2019. Under the new rate, the average residential bills ...