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Business News

Premier shows gains in 2nd quarter

YOUNGSTOWN — Premier Financial Corp., the holding company for Premier Bank, reported net income of $29.1 million for the second quarter of 2020. In comparison, next income for the same quarter in 2019 was $12.2 million. Net income minus expenses related to the merger of United Community ...

TCF income reported at $23.8M

WARREN — TCF Financial Corp., the holding company for TCF Bank, the former Chemical Bank, reported second quarter 2020 income of $23.8 million, or 14 cents per diluted share, which is down 54.2 percent from the first quarter of 2020. Other financial highlights the company released this ...

Home improvement chain receives tax break from state

WARREN — A home improvement retail chain investing nearly $52 million to build a manufacturing and distribution center in Portage County west of Newton Falls was awarded a state tax credit to further the project. The Ohio Tax Credit Authority approved a 1.164 percent, seven-year credit for ...

Business briefs and People on the Move

AKRON CHILDREN’S RECOGNIZED: Akron Children’s Hospital has earned recognition as a Top Workplace by The Plain Dealer of Cleveland for the sixth year in a row. The honor is based on employee feedback through a survey by Energage, LLC, a provider of technology-based employee engagement ...

Valley jobless rate dips

WARREN — Jobless rates in Trumbull and Mahoning counties continue to inch back from highs that cracked 20 percent in April, but remain among the worst in Ohio. It’s the same circumstance — rates are trending downward, but are nowhere near pre-COVID-19 pandemic levels — for Warren ...

Primetals plant in Warren expands

WARREN — Primetals Technologies has finished moving parts of its manufacturing and service operations from Worcester, Mass., to a plant in Warren for its Morgoil product line of oil film bearings used in the metal industry. The Warren facility, 250 Dietz Road NE, has manufactured and ...

Travel center eyes Beaver Township site

NORTH LIMA — A new travel center could be coming to Beaver Township. Rick Martin, township zoning director, confirmed Monday that Love’s Travel Stops has proposed building on state Route 7, south of the Ohio Turnpike on a 15-acre vacant parcel. The new center would include a ...

Chemical completing its conversion to TCF Bank

WARREN — The final conversion of Chemical Bank into Detroit-based TCF Bank is planned for early August, a switch Chemical customers in Trumbull and Mahoning counties should find to be seamless, officials said. “The most noticeable thing for our customers in Ohio will simply be the ...

Gas prices drop by 5 cents in NE Ohio

The average price for gasoline across northeast Ohio is 5 cents less this week at $2.10 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average is also $2.10 and in Niles, the price settled at $2.07.The average for northeast Ohio this ...

Menards gets $175K grant for rail work in NE Ohio

Staff report RAVENNA — A home improvement chain investing nearly $52 million to build a distribution and manufacturing center in Ravenna has gotten a state grant to spur on the project. Wisconsin-based Menards, which has 300 stores across the U.S. including its Elm Road NE, Warren, store, ...