Cortland Bancorp Declares 3¢ Cash Dividend
Wednesday, May 01, 2013CORTLAND, Ohio – The Board of Directors of Cortland Bancorp, parent of Cortland Banks, has declared a cash dividend of three cents per common share payable May 28 to shareholders of record May 13, the corporation announced Wednesday.
Breaking News: Commission OKs Racino License Transfer
Wednesday, May 01, 2013COLUMBUS, Ohio – The Ohio State Racing Commission this morning approved the transfer of a thoroughbred license from Penn National Gaming Inc.'s Beulah Park track outside Columbus to the site of the proposed Hollywood Slots at Mahoning Valley Race Course in Austintown.
NiSource Exec: $300M Gas Project Could Grow to $1B
Wednesday, May 01, 2013YOUNGSTOWN, Ohio – A top executive at NiSource Midstream Services LLC says that the first well serving the $300 million Hickory Bend gas gathering and processing project should be in operation in the next few weeks as construction on the system's cryogenic plant in southern Mahoning County accelerates, as does the potential for expansion.
"We're developing an area that will allow for multiple plants to be sited," NiSource chief operating officer Chad Zamarin told The Business Journal Tuesday. "When we do come back and expand the location, it can be done at very little impact."
Mill Creek Maple Syrup Selling 'Like Hotcakes'
Wednesday, May 01, 2013YOUNGSTOWN, Ohio -- Phil Kidd knew the Mill Creek Maple syrup going on sale at his Youngstown Nation store would move fast, but voiced the hope Tuesday morning that he would have a decent inventory for a week or two.
It’s fair to say he underestimated the demand -- by a lot. Two hours after his store’s noon opening, he posted on Facebook, Kidd was sold out. “It speaks to the quality of the whole project,” he remarked.
Cortland Reports Q1 Net Income of $830,000
Wednesday, May 01, 2013CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Banks, Tuesday reported net income of $830,000, or 18 cents per share for the quarter ended March 31, compared to net income of $1.2 million for the same three months a year ago, or 26 cents per share.
Cortland also reported its loan portfolio grew more than $20 million over the last year, standing at $297.5 million at March 31 compared to $277.4 million a year ago, a 7.2% increase.
Johnson to Address Energy Policy at Chamber Event
Wednesday, May 01, 2013YOUNGSTOWN, Ohio -- U.S. Rep. Bill Johnson, R-6 Ohio, will be the featured speaker at the Youngstown/Warren Regional Chamber Government Affairs Council luncheon set for May 30.
Johnson, whose district includes a portion of Mahoning County and all of Columbiana County, will speak on “Energy Policy and Its Effect on the Future of Manufacturing” at the event, which will take place at A La Cart Catering, 429 Lisbon St., Canfield. The luncheon, which will run from 11:30 a.m. to 1 p.m., is sponsored by Compco Industries, Columbiana.
Clear Channel Named 'Champion for Valley's Children'
Wednesday, May 01, 2013BOARDMAN, Ohio -- Akron Children’s Hospital Mahoning Valley will recognize Clear Channel Youngstown as “Champion for Our Valley’s Children” May 14 at the hospital’s third annual Champions for Our Valley’s Children. In addition, 15 individuals and organizations will be honored with a “Children’s Advocate Award.”
The Champions for Our Valley’s Children event will highlight progress the hospital has made in the Mahoning Valley and recognize those who have helped to make it possible. Among them are donors, volunteers, staff and community partners.
RTI Reports Net Income of $5.5M
Wednesday, May 01, 2013PITTSBURGH -- RTI International Metals Inc. Tuesday reported first-quarter net income from continuing operations of $5.5 million, or 18 cents per diluted share, on net sales of $187.5 million and operating income of $12.2 million.
This compares with net income a year ago from continuing operations of $5.1 million, or 17 cents per diluted share, on net sales of $154.6 million and operating income of $12.1 million.
Mycap Gets $519K Grant for Weatherization Aid
Wednesday, May 01, 2013YOUNGSTOWN, Ohio -- The Mahoning Youngstown Community Action Partnership (Mycap) has received a $519,000 grant from the U.S. Department of Energy to help residents of Mahoning County pay their energy bills or make their residences more energy-efficient, Al Stabilito announced Tuesday.
Stabilito is the director of communications and community outreach at Mycap.
'3 Minutes With' Dr. Cynthia Anderson, YSU President
Wednesday, May 01, 2013YOUNGSTOWN, Ohio -- In today's "3 Minutes With" video, Dr. Cynthia Anderson, president of Youngstown State University, discusses the challenge of turning instantly delivered information into knowledge and wisdom, the need for YSU to make “bold decisions” in the coming months and how she hopes to be remembered when she steps down as YSU president. Anderson delivered her final State of the University address as YSU president Tuesday (READ STORY).