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FNB, PVF merge



Published: Wed, October 16, 2013 @ 12:00 a.m.

FNB, PVF merge

HERMITAGE, PA.

F.N.B. Corp., parent company of the First National Bank of Pennsylvania, announced Tuesday it had completed its merger with PVF Capital Corp.

PVF is the parent company of Park View Federal Savings Bank. With the merger, F.N.B. will operate 29 banking offices in Ohio, including 18 in the greater Cleveland area.

Power Shift rally

PITTSBURGH

Thousands of youth activists will convene in Pittsburgh for the Power Shift 2013 rally, which will take place from Friday to Monday.

The event will focus on opposition to fracking, and participants will call President Barack Obama and his administration to reopen probes into the contamination of groundwater in Pennsylvania.

Power Shift is a biannual convergence of thousands of youth activists focused on climate and environmental justice. Some 10,000 people attended the 2011 summit.

Businesses open

Several ribbon-cuttings will take place around the area this week to celebrate business openings.

O’Reilly Auto Parts will cut a ribbon at 10 a.m. today at its new location, 2603 Elm Road NE, Warren.

Strikers Xpress Deli and Convenient Store will celebrate its official opening at 10 a.m. Thursday at 2603 Mahoning Ave., Youngstown.

Tommy’s Jerky Outlet & Sincerely Yours Gift will have a ceremony at 10 a.m. Friday at 7330 Southern Blvd., Boardman.

Husted to speak

YOUNGSTOWN

Local reporters have been invited to hear Ohio Secretary of State Jon Husted speak at noon today at City Machine Technologies, 825 Martin Luther King Jr. Blvd. Husted will focus on the role of the secretary of state’s office in serving businesses, including the recently launched online business-filing system.

MTR eyes buyout but plans for merger

morgantown, w.va.

MTR Gaming Group said Tuesday it’s evaluating a buyout offer from Jacobs Entertainment, but its board of directors remains unanimously behind plans for a merger with Nevada-based Eldorado Resorts.

Colorado-based Jacobs made an unsolicited offer to MTR earlier this month that it says is 10 percent richer for MTR shareholders than the proposed merger. But MTR said it can’t say when it might have a decision or any further comment about Jacobs’ proposal.

In U.S. Securities and Exchange Commission filings, CEO Jeffrey Jacobs said his unsolicited offer of $5.69 per share is worth $15.6 million more than Eldorado Resorts’ offer of $5.15 per share.

He also argues that MTR’s board wouldn’t be selling control of the company and still could appoint the majority of the board of directors. Jacobs owns more than 5 million shares, or 18 percent, of MTR’s stock.

MTR runs Presque Isle Downs & Casino near Erie, Pa., Mountaineer Casino and Racetrack & Resort in Chester, W.Va., and Scioto Downs Casino & Racetrack near Columbus, Ohio.

Vindicator staff/wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .61, 24.20 —.40

Avalon Holdings,5.15.05

Clear Channel, .61 27.13 —.22

Cortland Bancorp, 9.48.00

Farmers Nat., .126.19 —.02

First Energy, 2.20, 37.27—.66

FirstMerit Corp., .64,22.55 —.33

First Niles Financial, .32,6.50.00

First Place Fin., .0029.0000

FNB Corp., .48,12.15—.14

General Motors,34.70—.63

General Electric, .76,24.19—.19

Motors Liquidation, .0422.00

Huntington Bank, .20, 8.41—.13

JP Morgan Chase, 1.52,52.31—.40

Key Corp, .22,11.86—.07

LaFarge, 16.77 —.22

Macy’s, 1.00, 42.48—.10

Parker Hannifin, 1.80, 105.61—2.35

PNC, 1.76,72.52—.46

RTI Intl. Metals,32.28—.12

Simon Prop. Grp.,4.60,153.93—.39

Stoneridge 12.41 .05

United Community Fin. 3.77.02

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


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