Banking & Finance
Housing Finance Agency Honors Huntington Bank
Monday, September 29, 2014COLUMBUS, Ohio -- The Ohio Housing Finance Agency has named Huntington Bank its most valuable player for closing $12.1 million in mortgages to low- to moderate-income families between July 1, 2013, and June 30, a fivefold increase over the preceding 12 months, a bank spokesman reported Friday.
The bank is also the recipient of the agency’s “Grand Slam” award for closing the most “Grants for Grads” loans -- home equity loans at no interest -- $4.1 million during the same 12 months.
Economists Foresee 3% Growth, Volatility in 2015
Monday, September 29, 2014WASHINGTON -- Unemployment will fall to 5.7% next year and inflation will rise a tad as the economy rebounds to 3.0% growth in an environment of greater volatility.
That’s the consensus of 46 macro-economists who responded to a survey conducted between Aug. 25 and Sept. 9 for the National Association for Business Economics, the results of which were released today.
New Vehicle Sales Projected to Climb 9%
Friday, September 26, 2014IRVINE, Calif. -- Sales of new vehicles are expected to increase 9.1% year-over-year to 1.24 million units, resulting in a project adjusted annual rate of 16.4 million seasonally adjusted.
Based on the robust sales pace of the last few months, Kelley Blue Book is adjusting its sales outlook for 2014 upward by 100,000 to 16.4 million.
SBA Economic-Injury Disaster Loans Available
Thursday, September 25, 2014ATLANTA -- Federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private nonprofit organizations of all sizes in Ohio as a result of the freeze from Jan. 2 through April 17. Counties that qualify include Ashtabula, Geauga, Mahoning, Portage and Trumbull.
Last CEO of First Place Named COO of Talmer
Wednesday, September 24, 2014TROY, Mich. -- The Board of Directors of Talmer Bancorp Inc. appointed Thomas C. Shafer, age 55, as chief operating officer of the bank holding company and president of Talmer Bank and Trust effective Monday.
He will be paid $350,000 a year, a continuation of his current base salary. Shafer joined Talmer in 2010 and has served as vice chairman of Talmer Bancorp since 2011.