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Banking & Finance
Consumers Do Better at Paying Bills On Time
Friday, January 09, 2015
WASHINGTON -- Consumers are managing their finances more responsibly as evidenced by paying more of their bills on time, the American Bankers Association said Thursday.
“Delinquencies continued to decline in the third quarter, falling in seven of the 11 categories as the economy improved, the ABA Consumer Credit Delinquency Bulletin reported.
Talmer Bank Set to Complete First of Huron Acquisition
Thursday, January 08, 2015
TROY, Mich. -- Having obtained all regulatory approvals, Talmer Bancorp Inc.’s acquisition of First of Huron Corp., will close Feb. 6, the companies announced today.
Shareholders of First of Huron, holding company of Signature Bank, approved the purchase last month. Talmer was to pay $13.4 million when the acquisition was announced last August.
Area Home Prices Rise 6.4% From November 2013
Wednesday, January 07, 2015
IRVINE, Calif. -- Home prices in the Youngstown-Warren-Boardman area in Ohio, including distressed sales, were up by 6.4% in November 2014 from a year earlier, CoreLogic reported Tuesday. Month over month, home prices, including distressed sales, were down 0.4% compared to October 2014, according to the financial data company.
Excluding distressed sales, year-over-year prices increased by 3.9% in November compared to November 2013. On a month-over-month basis, excluding distressed sales, the index indicates home prices decreased by 0.4% in November 2014 from the month before.
U.S. Attorney's Office Collects Record Amount in 2014
Wednesday, January 07, 2015
CLEVELAND -- The United States Attorney's Office Northern Ohio district collected a record $356.7 million in the 2014 fiscal year, the office said in a press release. The district covers 40 counties, including Mahoning, Trumbull and Columbiana counties.
The money is collected from criminal and civil cases the office is “exclusively or substantially” involved in and distributed to crime victims, law enforcement agencies that participated in investigations, other federal agencies and the U.S. Treasury.
Small Businesses Borrow More, Still Lag 2006 Levels
Tuesday, January 06, 2015
CLEVELAND -- While loans to large businesses “have soared to record levels,” lending to small businesses, although improving, continues to lose ground, says a report the Federal Reserve Bank of Cleveland released Monday.
The author of the report, Ann Marie Wiersch, is a senior policy analyst in the community development department of the Cleveland Fed. She was the keynote speaker in Vienna Township at a breakfast last March 13 the Mahoning County Economic Development Corp. held for small-business owners and the commercial lenders at banks that serve the Mahoning Valley.