BUSINESS DIGEST || Billboard makeover

Billboard makeover


The Farmers National Bank billboard on U.S. Route 224, which features two mannequins called Ben and Emma, is getting a makeover.

Crews were busy Wednesday adding a 3-D piece of art that resembles a new car.

This display has been updated to reflect changes in the seasons, the addition of a home and a dog and special interests — such as support for the Youngstown State University football team. The new display will read “Thanks for the new ride” in a nod to the bank’s lending operations.

Sales-tax increases


The Ohio sales and use tax rate on services and retail sales made on or after Sept. 1 will be 5.75 percent — an increase of .25 percent from the rate of 5.50 percent.

That means the rate will rise in all Ohio’s 88 counties.

In Mahoning County, the sales-tax rate will go from 6.75 percent to 7 percent. In Trumbull County, it will go from 6.50 percent to 6.75 percent. In Columbiana County, the rate will go from 7 percent to 7.25 percent.

Gas-supply rates

erie, pa.

The Pennsylvania division of National Fuel Gas Distribution Corp. (National Fuel) has announced its annual adjustment to gas-supply charges that become effective today.

The increase raises the monthly bill of a typical residential customer in northwestern Pennsylvania using 90,000 cubic feet annually from $73.99 to $79.79, or by 7.85 percent.

Gas-supply charges make up more than half of a typical home-heating bill and reflect the market price of gas that customers use.

Pennsylvania utility companies are permitted to update gas-supply charges on a quarterly basis, as needed. National Fuel’s next opportunity to adjust charges will be Nov. 1.

Cortland’s 2Q profit


Cortland Bancorp, the holding company of Cortland Banks, reported a second quarter profit of $799,000, or 18 cents per share.

That’s down from the year-ago period when the bank reported a profit of $952,000, or 21 cents per share.

Low interest rates squeezed the banks profit last quarter, according to President and Chief Executive Officer James Gasior.

Vindicator staff/wire reports

Selected local stocks


Aqua America, .76, 33.87 —.02

Avalon Holdings,3.65.05

Clear Channel, .61 27.18 —.08

Cortland Bancorp, 10.00.00

Farmers Nat., .126.30 .04

First Energy, 2.20, 38.07—1.23

FirstMerit Corp., .64,22.42 .01

First Niles Financial, .32,8.40—.09

First Place Fin., .004.00

FNB Corp., .48,12.64—.01

General Motors,35.85—.65

General Electric, .76,24.40—.08

Motors Liquidation, .0422.00

Huntington Bank, .20, 8.55.11

JP Morgan Chase, 1.52,55.74.41

Key Corp, .22,12.28.08

LaFarge, 15.99 —.12

Macy’s, 1.00, 48.33.17

Parker Hannifin, 1.80, 103.34.83

PNC, 1.76,76.06.52

RTI Intl. Metals,30.67—.21

Simon Prop. Grp.,4.60,160.30—1.42

Stoneridge 12.12 .26

United Community Fin. 4.61.08

Selected prices at 4 p.m. Wednesday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.

Don't Miss a Story

Sign up for our newsletter to receive daily news directly in your inbox.