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Banking & Finance
Ohio AG Accuses New York Mellon of Fraudulent Practices
Wednesday, March 14, 2012COLUMBUS, Ohio -- Ohio Attorney Gen. Mike DeWine has filed a lawsuit against The Bank of New York Mellon. The lawsuit was filed on behalf of Ohio Police & Fire Pension Fund and School Employees Retirement System and seeks damages in excess of $16 million for losses the complaint alleges were incurred by the funds as a result of BNY Mellon’s fraudulent practices.
The alleged fraudulent practices include breach of contract, fraud, violations of the Ohio Deceptive Trade Practices Act and unjust enrichment.
PNC Bank Opens Offices Today in City Centre One
Monday, March 12, 2012YOUNGSTOWN, Ohio – The downtown offices of PNC Bank are ready to open at 9 a.m. today in their new home, City Centre One.
Staff spent the weekend moving the remaining files from the former space a block away and putting the finishing touches on the 15,000 square feet the bank occupies on the first, second and seventh floors. The orange-and-white PNC logo and orange letters at the top of City Centre One -- four feet high on the west and south sides – were lit the first time Friday night. Energy-efficient light bulbs illuminated them.
CSB Mortgage Opens; ‘Robust Activity Expected’
Wednesday, March 07, 2012CORTLAND, Ohio – CSB Mortgage Co., the wholesale mortgage banking subsidiary of Cortland Savings and Banking Co., is open for business.
Already, “we have business in the pipeline,” David Lucido, senior vice president and chief financial officer, said Tuesday.
Ohioans Warned about Tax Preparation Scams
Tuesday, March 06, 2012COLUMBUS, Ohio -- As Ohioans prepare to file their 2011 tax returns, state Atty. Gen. Mike DeWine is warning them to look out for deceptive tax services and scams. First and foremost, he says, is pay attention to the details.
“Some consumers say they are being charged very high fees for tax preparation services this year, so be sure to get detailed, written information before giving out your money or personal information," he advised. "Businesses might make great promises about their services or your expected refund but then surprise you with high fees or errors in your return.”
Farmers Banc Corp. Declares Cash Dividend
Wednesday, February 29, 2012CANFIELD, Ohio -- The board of directors of the Farmers National Banc Corp. declared a cash dividend of $0.03 per share. The common stock cash dividend, approved Tuesday, will have a record date of March 16 and is payable to shareholders March 30.
Farmers National Banc Corp. is the holding company for Farmers National Bank and Farmers Trust Co. The company has more than $1 billion in assets, operatings 19 banking locations and two trust offices.
Published by The Business Journal, Youngstown, Ohio.