Business briefs
CORTLAND BANCORP RECOGNIZED: Cortland Bancorp, the holding company of Cortland Bank, was again named to American Banker magazine’s Top 200 Publicly Traded Community Banks and Thrifts list.
In the publication’s May issue, American Banker ranked Cortland Bancorp 105th. Last year Cortland Bancorp was No. 134. The rankings are based on three-year average return on equity as of the end of the previous year.
FARMERS WINS RAYMOND JAMES CUP: Raymond James, one of America’s top financial services institutions, has selected Farmers National Banc Corp. of Canfield, the parent company of Farmers National Bank, as one of 26 banks across the United States for its 2019 Raymond James Community Bankers Cup.
This is the third year in a row Farmers National has received the award.
Now in its eighth year, the Bankers Cup is an extremely competitive award among community banks in which Raymond James evaluates the profitability, operational efficiency and balance-sheet metrics of every exchange-traded bank in America with assets between $500 million and $10 billion.
Raymond James also found strong stock performance with this year’s list of winners having outperformed bank peers over one-, three- and five-year total returns.
PANTALONE TOWING RECEIVES AWARD: Pantalone Towing in Niles has received the Bronze Level award in the category of Top Performing AAA Provider in North America.
Four hundred AAA contractors in the United States were nominated for the award.
Pantalone Towing has been locally owned and operated for more 50 years. It provides 24 / 7 car, light-truck and motorcycle towing, and emergency roadside assistance to the Mahoning Valley.
ALTA GETS GRANTS FOR TRANSPORTATION: Alta Care Group, comprised of Alta Behavioral Healthcare and Alta Headstart, has received two van grants to provide transportation for clients.
One grant was awarded by the state Office of Faith-Based and Community Initiatives for a seven-passenger van, and the second grant was comprised of funds from the Hine Memorial Fund of the Youngstown Foundation, Mercy Health Foundation and Alta Care for the purchase of a 15-passenger van.
People on the Move
MIDDLEFIELD BANC CORP. NAMES BOARD MEMBER: Middlefield Banc Corp. has announced Michael C. Voinovich has been elected to its board of directors. He fills a vacancy left by William A. Valerian, who retired from the board effective Wednesday.
Voinovich has served as a director of The Middlefield Banking Company since March 1. He is the executive vice president and chief investment officer of ECHO Health Inc., a provider of payment processing services to the health-care and insurance industries.
Middlefield Banc Corp., headquartered in Middlefield, is the bank holding company of The Middlefield Banking Co.
NEW LOCAL COORDINATOR IN HUBBARD: International Cultural Exchange Services has added Chuck Storey as a new local coordinator.
He will work with local international high school students and the local families that host them. He is looking for families to host for the 2020-21 school year. Exchange students live as a member of the host family. They participate in family activities, follow host family rules and help with chores. Students have their own medical insurance and spending money to cover all personal expenses; host families provide room and board, and parental guidance.
PROMOTION ANNOUNCED AT 717: Angelo LoCastro has been promoted to retail development manager for the 717 Credit Union. He has been employed with the credit union for three years. In his new position, LoCastro will be responsible for ensuring the streamlined operation of the newly created member experience outreach department.
business@tribtoday.com
Business briefs
Middlefield announces dividend
MIDDLEFIELD — Middlefield Banc Corp., the holding company for Middlefield Banking Co., has announced a first-quarter cash dividend of 15 cents per common share.
The dividend is payable June 15 to shareholders of record on June 4. The quarterly dividend has been adjusted to reflect the two-for-one stock split in November 2019.
Realtor begins Cares drive
WARREN — Berkshire Hathaway HomeServices Northwood Realty Services has launched the Northwood Cares Program in response to the economic impact caused by COVID-19.
It includes a campaign to raise $100,000 for food banks, homeless shelters and other charities with Northwood Reality Services matching up to $50,000.
In addition, the company is helping with fees associated with doing business and giving agents access to free marketing geared toward stimulating the industry, and is launching a contest for home sellers to win up to $10,000 for moving expenses.
1st Niles declares dividend
NILES — First Niles Financial Inc., the parent company of Home Federal Savings and Loan Association of Niles, has announced a cash dividend of 6 cents per common share and 7 cents per class A stock for the second quarter of 2020.
The dividend will be payable June 26 to shareholders of record on June 12.
Staff reports
Business briefs
HOME SAVINGS APPOINTS BRANCH MANAGER: Stacia Brown of Youngstown was recently appointed manager of Home Savings Bank’s branch at 2996 McCartney Road, Youngstown.
Brown, with seven years of industry experience, most recently served as branch manager of a community bank headquartered in The Woodlands, Texas.
Brown, who earned a bachelor’s degree in small business from the University of Phoenix, serves on the Women’s Committee of the United Way of Trumbull County.
FARMERS BANK PROMOTES: Canfield-based Farmers National Bank has promoted Jim C. Dean, certified treasury professional, to vice president, market president, business deposits and services manager.
Dean joined Farmers in 2018 as its business deposits and services manager, a position where he led the bank’s Treasury Management Division. In his new role, he will engage in the bank’s overall business development efforts and corporatewide initiatives, while continuing to grow its business and deposit relationships.
Dean has a bachelor’s degree in business administration from John Carroll University and a master’s degree in business administration from Baldwin Wallace University. He previously worked at banks and financial services companies in Ohio, North Carolina and Wisconsin.
AMERICA MAKES LAUNCHES SERIES: America Makes in Youngstown, the U.S. Department of Defense’s additive manufacturing accelerator, will today launch the Virtual Gameday Series, a series of virtual panels and networking events that will cover important and trending topics in the additive manufacturing community.
The organization is partnering with additive manufacturing expert Terry Wohlers and Wohlers Associates, who will moderate the panels, in the series.
The first panel is noon to 4 p.m. and will focus on COVID-19 response efforts and the pandemic’s impact on the future of additive manufacturing.
Dates and times for future events will be announced as they become available.
CHAMBER RELEASES REPORT: The Youngstown Warren Regional Chamber has released its first business retention and expansion annual report, breaking down the 400 site visits its economic development team made to companies last year in the Mahoning Valley.
The report offers an industry breakdown of the visits completed by the team last year, focusing on the Valley’s driver industries with an emphasis on manufacturing and other key industries, such as logistics, warehousing and wholesale trade. It is available on the chamber’s website, www.regionalchamber.com.
business@tribtoday.com