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Business News

Southern Park operator owes $23.2M payment

BOARDMAN — The owner and operator of Southern Park Mall is past due on a $23.2 million interest payment and risks default if it doesn’t pay within 30 days. Columbus-based Washington Prime Group, which has retail centers across the U.S., saw shares of its stock free fall 38 percent ...

Business briefs

MANUFACTURING EXPERT TO SPEAK AT CHAMBER EVENT: Slade Gardner, one of the foremost authorities on additive manufacturing, will speak a the Youngstown Warren Regional Chamber’s 2021 annual meeting March 17 at the Eastwood Event Centre. Gardner has been pioneering industrial additive ...

Fire report gives more details on Endurance

LORDSTOWN — Lordstown Motors Corp. suffered a property loss of $150,000 when one of its prototype Endurance electric trucks caught fire on its maiden road test last month. That detail and others are contained in a fire report this newspaper requested Monday and received Wednesday from the ...

Business briefs, New businesses, People on the move

CHAMBER JOINS COALITION: The Youngstown Warren Regional Chamber has joined with Ohio businesses and trade organizations to mobilize Ohioans to help stop the spread of COVID-19. Led by the Ohio Business Roundtable, employers announced the Coalition to Stop the Spread, an initiative that ...

Michigan company purchases former Toys R Us warehouse

YOUNGSTOWN — The former Toys R Us warehouse here has been sold for $15.8 million to a Troy, Mich.-based company that designs houseware products for retailers in the U.S. HMS Mfg. Co. bought the more than 441,000-square-foot warehouse at 1500 Geoffrey Trail — the road apparently named ...

Aim expands used truck department

WARREN — Girard-based Aim Transportation Solutions, the largest privately owned truck leasing company in the U.S., is expanding its used truck department, the company announced. The move, being done to keep pace with demand, will have the company purchase equipment from outside sources and ...

Business briefs

NEW NAME FOR FOUNDATION: Premier Bank recently announced the Home Savings Charitable Foundation is now the Premier Bank Foundation, following the company name change and 2020 merger of Home Savings Bank in Youngstown and Defiance-based First Federal Bank of the Midwest. In the past 30 years, ...

Income, loans grow at Premier Financial Corp.

YOUNGSTOWN — Premier Financial Corp., the holding company for Youngstown-based Premier Bank, reported 2020 net income of $63.1 million, up from $49.4 million in 2019. Excluding expenses related to the merger of United Community Financial Corp. of Youngstown and Defiance-based First ...

New Dollar General planned in Milton

LAKE MILTON — A northern California Bay area trust has purchased 7.75 vacant acres on Mahoning Avenue in Milton Township for what appears to be a new Dollar General store. The $1.47 million sale was recorded Jan. 21 with the Mahoning County Auditor’s office. It’s between The ...

Farmers posts record income

WARREN — Canfield-based Farmers National Banc Corp. posted record annual net income of $41.9 million in 2020, up from $35.8 million in 2019, the company reported. The holding company for Farmers Bank also marked for the quarter ending Dec. 31 its 152nd consecutive quarter of ...