Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Banking & Finance
EAST LIVERPOOOL, Ohio -- Tri-State 1st Banc Inc. has completed the spinoffs of two of its subsidiaries, Gateminder Corp. and the assets of Cooper Insurance Agency Inc., Steven R. Sant reported Friday.
Sant is the president and CEO of Tri-State and its largest subsidiary, 1st National Community Bank.
Minor Insurance Group LLC, acquired the assets of the Cooper agency, Sant said, and Gateminder was sold to its president and CEO, Lance Lang. Gateminder offers turnkey services to financial institutions and ATM maintenance.
COLUMBUS, Ohio -- The number of single-family homes and condominiums put under agreement in November rose 5.1% from the level posted during the month a year ago, the Ohio Association of Realtors reports. The rate of purchase contract signings in November was up 13.3% from the pace recorded in October 2014.
Pending home sales in the state during November, based on contract signings, increased 5.1% from November 2013. Activity in November jumped 13.3% from the pace of agreements reached in October 2014.
SANTA MONICA, Calif. -- The pace of auto sales in December accelerated to a seasonally adjusted annualized rate of 16.9 million new units. The total was lifted by a strong economy, extended holiday promotional campaigns and mild weather conditions in most of the United States.
New light vehicle sales (including fleet) should reach 1,490,100 units for the month, up 9.5% over a year ago, according to a forecast from TrueCar Inc. On a daily selling rate basis, with one more selling day this December, deliveries likely are up 5.3%.
YOUNGSTOWN, Ohio -- The Board of Directors of United Community Financial Corp. Monday authorized the repurchase of as many as 2.5 million common shares.
UCFC is the holding company of the Home Savings and Loan Co.
Last May 14, the directors reinstituted the holding company’s stock repurchase program and authorized the repurchase of as many as 1,477,804 common shares. Since then the company has repurchased 1,363,500 at an average price of $4.60 per share.
WASHINGTON -- After hitting their highest level of the year, sales of existing houses sales slid in November as fewer houses were put on the market, the National Association of Realtors reports. Houses sold declined across the United States compared to October.