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Business News

Farmers National reports net income of $8.6 million

Staff report CANFIELD — Farmers National Banc Corp., the parent company of Farmers National Bank in Canfield, reported net income of $8.6 million, or 30 cents per diluted share, for the quarter ending March 31. In comparison, the company reported net income of $8.4 million, or 30 cents ...

GM lets land option at former plant lapse

LORDSTOWN — General Motors has declined an option to lease back space at its former automaking plant, but has an agreement with the facility’s new owner for some access to the property so GM can build its battery-cell plant next door. Part of the deal with Lordstown Motors Corp. when it ...

Cafaro Foundation grants to help COVID-19 response

NILES — The Cafaro Foundation is donating $30,000 to four local organizations to help people struggling during the novel coronavirus pandemic. The Mercy Health Foundation of the Mahoning Valley will receive $10,000 to care for those infected with COVID-19, as is the United Way of Trumbull ...

Moderate drop of 5 cents at pump across northeast Ohio

The average price for gasoline across northeast Ohio is 5 cents cheaper this week at $1.38 per gallon, according to AAA East Central’s Gas Price Report. In the Warren-Youngstown area, the average price is $1.22 per gallon and in Niles, the average is $1.08 per gallon. The average price ...

Dominion Energy Ohio receives safety award

WARREN — Dominion Energy Ohio has received a top safety award from the America Gas Association for the utility’s safety performance in 2019. It is among seven of Dominion Energy’s companies across the U.S. to be recognized by the association. Dominion Energy Ohio received the ...

First Niles reports net income of $85K in quarter

First Niles reports net income of $85K in quarter NILES — First Niles Financial Co., the holding company for Home Federal Savings and Loan Association of Niles, recorded net income of $85,000 for the first quarter of 2020, a decrease of 7.6 percent from the $92,000 it had in the same period ...

Business briefs

BRITE ADDS FINANCE MANGER: BRITE Energy Innovators, Ohio’s only energy tech incubator, has hired Deanna Hamilton as finance manager. This position was added in response to a growing organizational need for financial expertise and to streamline operations. Hamilton, a certified public ...

Chamber joins others offering support to reopen economy

The Youngstown Warren Regional Chamber has joined chambers from across seven Midwest and Great Lakes states in support of a coordinated reopening of the economy. In a joint statement Thursday, 41 chambers from Ohio, Michigan, Illinois, Indiana, Kentucky, Minnesota and Wisconsin wrote that ...

Two found shot to death on East Side

Staff report YOUNGSTOWN — During a busy week for violence in Youngstown, two men were found shot to death at 1:45 p.m. Thursday in a rural area in the 3500 block of Nelson Avenue. The site is just south of the border with Trumbull County on the East Side. Police were called there for a ...

Home Savings Bank to become Premier Bank

Staff report YOUNGSTOWN — Home Savings Bank in Youngstown will be rebranded Premier Bank in July. The new name is part of a merger with First Federal Bank of the Midwest in Defiance and upcoming integration of the two bank systems, according to Wednesday’s announcement. The 77 branches ...