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F.N.B. plans regional HQ in Cleveland



Published: Fri, July 12, 2013 @ 12:00 a.m.

F.N.B. plans regional HQ in Cleveland

cleveland

The First National Bank of Pennsylvania announced Thursday its plan to establish a regional headquarters in downtown Cleveland.

F.N.B. recently signed a lease to acquire space in a prominent office building at 55 Public Square. The office is expected to open sometime at the end of the year.

The announcement follows recent regulatory approval of F.N.B.’s pending acquisition of Solon-based PVF Capital Corp., parent company of Park View Federal Savings Bank, which has 16 offices in the greater Cleveland area. The 55 Public Square Office will include a full-service branch on the building’s first floor.

F.N.B. is Youngstown’s second-largest bank by deposits. Its market share in Cleveland is expected to reach a top-15 spot when the Park View acquisition is completed.

Shale-gas open forum

university park, pa.

An open forum on natural-gas development from deep shale formations will be presented in a Web-based seminar by Penn State Extension on Thursday.

The forum is open to the public and will take place from 1 to 2 p.m.

Extension educators Jim Ladlee, Dan Brockett, Matt Henderson and Dave Messersmith — part of Penn State Extension’s Marcellus Education Team — will start the open forum by covering hot topics and then respond to questions from the public about shale-gas development.

Questions can be asked during the session or submitted by email before to cal24@psu.edu. To participate in the forum, log in at https://meeting.psu.edu/pscems/. More sessions are scheduled through the end of the year.

Retailers report strong June gains

NEW YORK

June sales heated up for stores, in a sign that Americans likely will continue to spend during the important back-to-school shopping season.

U.S. retailers reported their strongest sales gains since January, as shoppers, enticed by warm weather and an improving economy, took advantage of summer discounts.

Revenue at stores opened at least a year — an industry measure of a retailer’s health — rose 4.1 percent in June compared with the same month a year ago, according to a preliminary tally of 13 retailers by the International Council of Shopping Centers.

Major restructuring set for Microsoft

SAN FRANCISCO

Microsoft Corp. has decided its entire business needs a new operating system.

CEO Steve Ballmer is restructuring the company to cope with a quickening pace of technological change that has left the world’s largest software maker a step behind its two biggest rivals, Apple and Google.

In an effort to catch up, Microsoft is dismantling a management structure that separated the company into sometimes disjointed divisions and hatching a more-cohesive product line-up.

Vindicator staff/wire reports


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