Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Banking & Finance
CANFIELD, Ohio -- Farmers National Banc Corp., parent of Farmers National Bank and the Farmers Trust Co., Tuesday reported net income of $3.04 million for the quarter ended Dec. 31, or 16 cents per basic and diluted share.
For the year, Farmers reported net income of $9.22 million, or 50 cents a share.
By comparison, Farmers recorded third-quarter net income of $2.37 million, or 13 cents a share, and fourth-quarter 2010 earnings of $3.26 million, or 24 cents per share. For all of 2010, Farmers has net income of $8.99 million, or 66 cents a share.
CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Banks, Tuesday reported fourth-quarter net income of $828,000, or 18 cents a share, compared to $1.04 million, or 23 cents a share the same quarter in 2010.
For the full year, Cortland enjoyed net income of $4.07 million, or 90 cents a share, a 24% increase over 2010 when it recorded $3.27 million, or 72 cents a share.
PITTSBURGH -- First National Bank of Pennsylvania has hired Richard M. Beaty II as vice president, capital markets, the company announced Tuesday.
NEW YORK -- A sign that the economy continues to improve is reflected in the rate of credit card delinquency falling again in March, the 17th consecutive month delinquency has declined, Moody's Investor Services Inc. reports.
And Americans are using their credit cards to spend more, Moody's relates. American Express reported an increase of 17% in the use of its cards in March and Capital One a 14% rise. Capital One also reported it opened more new accounts last month than at any time since November 2007.