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Business News

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.

Trump to help Delphi retirees

President Donald Trump has taken executive action to help a group of Delphi salaried retirees who have been fighting 11 years to restore their lost pension when the auto parts manufacturer went bankrupt. Thursday’s presidential memo directs members of his Cabinet to report to Trump ...

Lordstown Motors merger approved

Shareholders of DiamondPeak Holdings Corp. did as expected Thursday and approved the merger with Lordstown Motors Corp., a move that’s expected to inject $675 million into the startup to manufacture the battery-powered Endurance truck when the deal is final. Shareholders also approved ...

Construction firm hired to build new Dunkin’ in Boardman

BOARDMAN — Salem-based J. Herbert Construction was picked among 10 firms to prepare the former TCF Bank branch property at Market Street and Midlothian Boulevard for a new coffee and doughnut store. The Western Reserve Port Authority awarded the $938,000 contract Wednesday for work that ...

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 ...

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 ...

Humtown Products wins national award

COLUMBIANA — Humtown Products, a company on the cutting edge of 3-D manufacturing for the foundry industry, has been picked by the National Association of Manufacturers as the 2020 Manufacturer of the Year in the small to medium enterprise category. The association’s panel cited ...