Business
National City’s Farrell branch to close in October
PNC Bank said Friday it will close its Farrell National City branch this fall.
The closing, scheduled for October, is the result of a review conducted of all of National City’s offices. Reasons for closing the Farrell branch include a relatively low deposit base and other branches being nearby.
PNC Corp. bought National City in October and is in the process of merging the National City Bank branches into PNC Bank. The National City branches in western Pennsylvania will be renamed PNC Bank in November.
The Farrell branch is located at 713 Sharon-New Castle Road, a block from Farrell High School.
“We still have a strong commitment to the Shenango Valley,’’ said Pat McMahon, a PNC Bank spokesman. “We have offices in Sharon, Sharpsville and two in Hermitage. The Sharon branch is only about 1è miles from the Farrell branch.’’
Branch employees have been notifying customers this week about the closing later this year. McMahon didn’t know the exact number of employees at the branch but said an office of that size generally has about 10 or so workers.
PNC is working to see if those employees can be transferred to another branch or offered a job elsewhere within PNC Bank.
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Under new management — Ill. company takes over SV mall
The Shenango Valley Mall in Hermitage is under new management.
Chicago-based Urban Retail Properties LLC has been awarded the contract for management and leasing services effective immediately, according to a news release issued Tuesday.
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FNB earns 16 cents a share in 2nd Q
FNB Corp. had a “solid” second quarter, the Hermitage-based financial company’s president and chief executive officer said Monday.
“I’ve very pleased with the quarter. We made 16 cents (per share),” Stephen J. Gurgovits said. “It just turned out to be a very good quarter.”
Loans and deposits are up and expenses are stable, he said.
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Grant to pay for land study
Penn-Northwest Economic Development Corp. has received a $129,360 planning grant to perform a market analysis of the 218 acres Mercer County owns at Interstate 80 and Route 19 in East Lackawannock Township, said Douglas Thomas, chairman of Penn-Northwest’s sites committee.
A study will be performed to determine the site’s best use, the possible positioning of buildings, what kinds of buildings would be appropriate and how utilities can be extended onto the site, Thomas said Wednesday.
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Planning begins now for future business incubator
Although construction has only just begun to build a technology center in Hermitage’s LindenPointe technical business park, it’s not too soon to plan the mission and function of the business incubator side of the center.
Debra Steiner, executive director of the Gannon Small Business Development Center, Erie, told Penn-Northwest Development Corp.’s board Wednesday that incubators function much like parents do with children.
“You need someone who will make day-in and day-out contact with the tenants,” she said.
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Company files patent suit over truck fender design
Jones Performance Products Inc. of West Middlesex has filed a federal design patent infringement suit against a competitor over a truck fender.
Jones, of 1 Jones Way, said it received a patent for an “ornamental arc design” fender for installation of some models of big rigs in 2007, and sells it to customers and distributors.
Bad Ass Parts of Louisville, Ky., ripped off the design and has been selling its own version, according to the lawsuit filed last month in U.S. District Court, Pittsburgh. -
Rep says tech training key
Historically, American manufacturers have paved the way in technological and scientific advances.
But over the years foreign producers have eaten away at what used to be a distinct American advantage. U.S. Rep. Kathy Dahlkemper said she wants the government to bankroll scientific advances to help American producers get back on track.
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Aqua plan helps some pay their water bill
Aqua Pennsylvania Inc. is reminding customers that its Helping Hand assistance program is available to low-income families who find it difficult to pay their water bills.
The Helping Hand program offers customers a payment plan to pay down arrears and ensure their water isn’t turned off; an opportunity for customers who make payments on time to earn a monthly credit toward their arrears; and a conservation kit to help customers curb usage and therefore, reduce their bills.
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Local bankers getting steady refinancing business
Local bankers say more people want to refinance their mortgages to save money.
With interest rates hovering in the 4.5 percent range for a 30-year loan, it’s a deal too good to pass up, bankers said.
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‘Heartbeat of Clarion’ to stop
CLARION, Pa. (AP) — There’s a hum here, soft yet ever-present.
The noise is drowned out during the din of the day, but late at night the sound of the Owens-Illinois glass plant reverberates through this town of 6,000 people.
Mayor Andrea Estadt calls it the “heartbeat of Clarion,” an enunciation from a plant that has been a centerpiece of community employment and pride for 105 years.
But when the glass plant closes July 1, Estadt said, it’ll be silent here.
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Flynn’s moving Sharon tire store to Hermitage
Flynn’s Tire & Auto Service is moving its Sharon store to a new location in Hermitage.
L&M Tire on East State Street is being remodeled and transformed into a Flynn’s Tire. - More Business Headlines
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Under new management — Ill. company takes over SV mall
