Ohio Bill Urges Govt. To Adopt Blockchain

PYMNTS

Blockchain got a boost last week after the Ohio House Of Representatives introduced a bill that would let state government agencies use blockchain technology. According to Cleavland.com , the bill sponsored by Ohio Representative Rick Caragna is part of the state’s efforts to build a legal framework for the technology that underpins cryptocurrencies such as bitcoin. Ohio has been pushing to incorporate blockchain into government for some time.

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Overstock To Pay Some Ohio Business Taxes With Bitcoin

PYMNTS

3) that it will pay a portion of its state business taxes in Ohio in bitcoin, becoming the first major U.S. In a press release , Overstock said it plans to pay its commercial activity taxes (CAT) in Ohio this coming February using the state’s recently launched OhioCrypto.com platform, which lets taxpayers pay state business taxes with bitcoin. Ohio is the first U.S. Cryptocurrency bitcoin cryptocurrency News ohio taxes What's Hot

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Ohio Treasurer Suspends Bitcoin Business Tax Payment Program

PYMNTS

The state of Ohio has decided to end its support for bitcoin tax payments, state Treasurer Robert Sprague announced this week. It is vital that Ohio explores innovative, new technologies and processes that continue to drive Ohio into the future,” he said. However, we must make sure any new processes that are implemented, such as OhioCrypto.com, are established in accordance with Ohio law.”.

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Ohio Lottery Makes A New Bet on Mobile

PYMNTS

But playing and delivery methods keep changing, with Ohio of all places — no offense to the Buckeye State, home to multiple presidents and the Wright Brothers’ aerodynamic innovations — accounting for some of the latest developments. Nor do these mobile-enabled lottery cards represent Ohio’s first attempt to keep its edge when it comes to state lotteries. ” Worries about addiction also have come up with the launch of the mobile-enabled lottery cards in Ohio.

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Park National to close 21 branches in Ohio and North Carolina

American Banker

The Ohio company said the decision reflects branch overlap and lower customer usage of the locations being shuttered. North Carolina Expense management Branch network Community banking Ohio

Farmers National in Ohio to acquire Cortland Bank

American Banker

Community banking M&A

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Hillbilly Elegy Author J.D. Vance Heads To Ohio In Search Of Investment Opportunities

PYMNTS

According to reports, Vance is heading home to Ohio on the hunt for venture deals for Steve Case’s investment vehicle Revolution LLC. Ohio, by comparison, attracted $303 million, and Kentucky $22 million. “A At Revolution, he said he isn’t focused on specific industry sectors or geographies other than the “47 states” that receive 20 percent of the nation’s venture commitments. Before writing the year’s surprise nonfiction hit Hillbilly Elegy , J.D.

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Farmers National in Ohio will enter Pennsylvania with $105 million deal

American Banker

Community banking M&A

Farmers National in Ohio to Buy Insurance Agency

American Banker

Farmers National Banc in Canfield, Ohio, has agreed to buy Bowers Insurance Agency in Cortland, Ohio. breaking_news oh community-banking m-a dealmaking-strategy

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Farmers National, Emclaire Financial Strike $105M Merger Deal

Banking Exchange

billion in assets and 66 locations across Ohio and Pennsylvania Management Feature Feature3 M&A Community Banking. The combined bank will have $5.2 1Management

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Ohio Homeowners Insurance: Averages Rates for Proper Coverage

MyBankTracker

Homeowners insurance in Ohio is a policy that protects your home in the event of a loss. Here’s what you need to know when shopping for homeowners insurance in Ohio. Average Homeowners Insurance in Ohio. You have several options for homeowners insurance in Ohio.

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Lower Fees, Rising Expenses Hamper Profit at Park National in Ohio

American Banker

Park National in Newark, Ohio, reporter lower quarterly profit that reflected declines in service charges and higher expenses. breaking_news earnings-community-banks performance oh community-banking

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Blockchain’s Inroads Through National Frameworks And Trade Finance

PYMNTS

Blockchain is increasingly being separated from cryptocurrency, with an eye toward disparate use cases — some done at the national level. Votem, the news outlet reported, had also been the first in the state of Ohio to attempt an initial coin offering (ICO). To that end, reports came this week that Germany has put a consultation and commentary period in place that will focus on blockchain, with a goal of having a strategy outlined by the summer, Reuters said.

LCNB National Bank's Kasasa Cash Is A Rate Leader

BankDeals

LCNB National Bank's (Ohio) Kasasa Cash Checking currently earns 3.00% APY on qualifying balances up to $25k. The Kasasa Saver earns 1.00% APY up to $50k

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Grocery Tracker: Instacart’s National Push

PYMNTS

markets and is slated to roll out to four more this week in Detroit, Columbus, Ohio, Las Vegas and the Rio Grande Valley region of Texas. And with 80 percent national coverage, these current stats wouldn’t come as much of a loss. Which grocery stocks look most likely to see May flowers?

First Financial in Ohio Converts to State Charter

American Banker

First Financial Bancorp in Cincinnati has converted its banking unit from a national charter to a state charter. breaking_news dealmaking-strategy strategic-alternatives oh community-banking

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The Regulatory Future Of Payday Lending

PYMNTS

Most recently, Ohio capped off a 10-year regulatory project two weeks ago, with John Kasich’s signature on a new bill that will close loopholes in 2008 legislation to legally rein in short-term lenders. And national regulations are also moving forward this week, with a win in a U.S. New Rules in Ohio. Once Rosenberger was out – and Ohio state Republicans were looking for a fast way to clear the taint of scandal before the 2018 election season – H.B.

CFPB August 2016 complaint report highlights bank account or service complaints, complaints from Ohio consumers

CFPB Monitor

The CFPB has issued its August 2016 complaint report which highlights complaints about bank accounts or services and complaints from consumers in Ohio and the Columbus metro area. ” General findings include the following: As of August 1, 2016, the CFPB handled approximately 954,400 complaints nationally, including approximately 24,000 complaints in July 2016. Barbara S. Mishkin.

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First Financial in Ohio Reorganizes Several Leadership Roles

American Banker

First Financial Bancorp in Cincinnati has made Brad Ringwald its president of community banking; named Paul Silva the president of investment commercial real estate; tapped Rick Dennen to oversee the company's national lending businesses; and said Roddell McCullough, director of community development, will take on more responsibility helping determine the strategy for that area.

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Park National gets $20 million after resolving issue from 2007 acquisition

American Banker

The Ohio company will benefit after settling unpaid judgments tied to nonperforming loans at a bank it bought before the last financial crisis. Litigation M&A Credit quality

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Park National to Pay $500,000 to Settle Lingering Accounting Probe

American Banker

Park National in Newark, Ohio, has agreed to pay $500,000 to settle Securities and Exchange Commission allegations that its loan-loss accounting underplayed credit problems at a troubled acquisition. breaking_news dealmaking-strategy m-a enforcement oh fl community-banking

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Huntington Wasting No Time Wringing Profit from FirstMerit Deal

American Banker

Huntington Bancshares in Columbus, Ohio, is wasting no time capitalizing on its purchase of FirstMerit in Akron, Ohio. dealmaking-strategy national-regional

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Fifth Third Bank Strives to Make Cincinnati into the Next Fintech Hub

Bank Innovation

PREMIUM – Cincinnati, Ohio might seem like an unlikely place for fintech innovation to spur, but it has the ingredients to be just the right breeding ground. At least that's according to Fifth Third, one of the nation's 25 largest financial institutions, that is headquartered in the city of Cincinnati. Amber Steedle, senior director of agile […]. Exclusive Innovations Open Fintech Operations Premium Fifth Third Bank fintech hub innovation

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Senators Ask Treasury To Shield Consumers’ Stimulus Money From Debt Collectors

PYMNTS

Sherrod Brown (D-Ohio) and Sen. The National Consumer Law Center told CNBC it has lobbied the Treasury to enact new rules to protect people in debt, and is urging states to take action if the Treasury does not. Two U.S.

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Huntington Gains Cyber Expertise by Adding Ex-NSA Agent to Its Board

American Banker

A former cybersecurity expert with the National Security Agency joined the board of directors at Huntington Bancshares in Columbus, Ohio. people oh recruitment national-regional

The ICBA 22/23 executive committee is all in

Independent Banker

I’m so inspired by the professionalism, integrity and commitment of our executive committee and board of directors as we work together to serve the needs of community bankers across the nation,” says Terry Jorde, ICBA senior executive vice president and chief of staff. Coldwater, Ohio.

Who were ICBA’s Top Lenders of 2022?

Independent Banker

American Bank, National Association. Classic Bank, National Association. The First National Bank In Sioux Falls. Dakota Community Bank & Trust, National Association. The Miners National Bank of Eveleth. The National Iron Bank. 1st National Bank of Scotia.

Huntington Beats Energy Blues, Reports Increased Profit

American Banker

Huntington Bancshares in Columbus, Ohio, withstood issues in its energy portfolio to report higher quarterly profit. breaking_news oh performance national-regional

Huntington Unveils Jobs and Lending Plan for Its Hometown

American Banker

Huntington Bancshares in Columbus, Ohio, said it plans to add 1,000 jobs by 2024 at a new office complex in Columbus and lend $300 million to low- and moderate-income communities in the city over the next five years. breaking_news dealmaking-strategy marketplace-lending commercial-lending small-business oh community-banking national-regional

Huntington Pours More Sweeteners into FirstMerit Deal

American Banker

Huntington Bancshares in Columbus, Ohio, is significantly raising the ante in philanthropic and community development investments connected to its planned acquisition of FirstMerit. breaking_news dealmaking-strategy m-a small-business mortgage oh national-regional

How Persistence (and an Extra $55M) Sealed the Year's Biggest Bank Deal

American Banker

It took a fixed cash component, several board seats and hefty commitments to FirstMerit's employees and major markets in Ohio and Michigan to seal the deal. consolidation national-regional dealmaking-strategyHuntington Bancshares made five pitches to buy FirstMerit.

How community banks can help young homebuyers

Independent Banker

year-over-year increase in the first quarter of 2022, according to the National Association of Realtors (NAR). Source: 2022 Home Buyers and Sellers Generational Trends, National Association of Realtors. Photo by Ridofranz/iStock.

Merger Costs Drag Down Huntington's Profit

American Banker

Huntington Bancshares in Columbus, Ohio, reported a second-quarter profit of $175 million, off 11% from the same period in 2015. breaking_news dealmaking-strategy earnings-national-regional-banks performance national-regionalPart of the reason for the drop was a $21 million charge related to its pending acquisition of FirstMerit in Akron.

21. Karen Glenn, First United Bank and Trust Co.

American Banker

Last year, First United Bank and Trust CEO Karen Glenn made her boldest move to date with a deal to acquire the $85 million-asset Bank of Ohio County in Beaver Dam, Ky. womenin-banking community-banking national-regionalWith that deal, the first in its 20-year history, First United boosted its assets by nearly 45%, to $275 million.

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Fed Extends Comment Period on Huntington-FirstMerit Deal

American Banker

The Federal Reserve is giving the public more time to comment on Huntington Bancshares' agreement to buy FirstMerit in Akron, Ohio. national-regional law-regulation m-a fed oh breaking_news dealmaking-strategy

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