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. Ohio already sees blockchain being used to store marriage licenses and birth certificates, among other potential things.

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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.

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Ohio To Let Businesses Pay Taxes With Bitcoin

PYMNTS

Ohio is leading the charge in terms of accepting bitcoin as a payment method, as it is the first state to accept bitcoin to cover tax bills. I do see [bitcoin] as a legitimate form of currency,” Mandel said, noting that he hopes other states will follow Ohio’s lead.

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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. Ohio is the first U.S. Cryptocurrency bitcoin cryptocurrency News ohio taxes What's HotOverstock , the online retailer and blockchain company, announced Thursday (Jan.

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Why eCommerce Loves Ohio

PYMNTS

But, in actuality, if you want to see what the future of online retail looks like, you might need to look to Ohio. Ohio is ideally situated near large population hubs in the center of the country.

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Macy’s To Open New Ohio Distribution Center

PYMNTS

It looks like Macy’s will be doing some new building in in central Ohio, thanks to an awareness of some state tax incentives. The Macy’s project was one of six awarded tax incentives that are collectively expected to bring or create 1,280 jobs in Ohio while retaining about 3,019. Macy’s has a strong business in Ohio, and we are excited to continue building our presence in the state,” said Jeff Gennette, Macy’s chairman and CEO, in a statement.

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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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Ohio Payday Loan Reform Supporters Get Green Light

PYMNTS

Consumer advocates in Ohio were granted permission to start collecting signatures to get a constitutional amendment regarding payday loan reform on the ballot. ” While Ohio voters overwhelmingly upheld a 2008 law aimed to regulate the industry and limit interest rates to 28 percent, lenders have been able to get around the regulation by registering under other state lending laws. ” Loans constitutional amendment News ohio PayDay Loan reform What's Hot

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Siemens, Bytemark to connect multi-modal transit payments in Columbus, Ohio

Payments Source

Mobile payments Online payments Digital payments Ohio

Computer Virus Brings Ohio Town’s Government To A Halt

PYMNTS

A virus that infected the computer system of the Licking County government offices in Ohio has shut down the entire network, including that of the local police force, and a financial demand was made to restore everything back to normal, according to TechCrunch. The virus hit several local governments in Ohio and was the subject of a warning from the state auditor last summer.

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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 Financial Inclusion funding hillbilly elegy JD Vance mithril News ohio Peter Thiel VC Venture Capital What's HotBefore writing the year’s surprise nonfiction hit Hillbilly Elegy , J.D.

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Middlefield to Buy Liberty Bank in Ohio

American Banker

in Ohio has agreed to buy Liberty Bank in Beachwood, Ohio. Middlefield Banc Corp. community-banking oh m-a breaking_news dealmaking-strategy

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Community Savings in Ohio Starts Mutual Conversion

American Banker

Community Savings in Caldwell, Ohio, has begun the process to convert from a mutual thrift to a stockholder-owned company. breaking_news dealmaking-strategy oh strategic-alternatives community-banking

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Call Me! Ohio Bank Chief Shares Mobile Number on Billboard

American Banker

Jack Kuntz, president and chief executive at American Savings Bank in Portsmouth, Ohio, recently put his personal cell phone number on a billboard off Interstate 71 in Cincinnati as part of an advertising campaign for his $260 million-asset institution.

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United Community to Buy Ohio Legacy

American Banker

United Community Financial in Youngstown, Ohio, has agreed to buy Ohio Legacy Corp. in North Canton for $40.3 million, or $18 a share, in cash and stock. breaking_news community-banking oh m-a dealmaking-strategy

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Ohio Grocer Adds Beacons from Verifone, Allrecipes

Payments Source

Verifone and its beacon technology provider Footmarks are partnering with Allrecipes.com and grocery retailer Marc’s in Ohio to deliver meal recommendations to shoppers.

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Ohio’s blockchain support will boost innovation for payments and fintech

Payments Source

ISO and agent Blockchain Fintech regulations Digital payments OhioThe law could further boost the state’s already vibrant financial services sector as well as spur additional innovation across the state’s economy, writes Valentina Isakina, financial services marketing director for JobsOhio.

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Middlefield Banc in Ohio Raises $11 Million

American Banker

in Ohio has raised roughly $11 million through several stock offerings. Middlefield Banc Corp. breaking_news community-banking

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Pew Charitable Trusts to host event on Ohio payday lending law

CFPB Monitor

focusing on Ohio’s Fairness in Lending Act. At the event, Ohio legislators from both sides of the aisle, business leaders, advocates, and researchers will discuss the Act. Payments State CFS Monitor State regulation colorado ohio payday loanThis afternoon, Pew Charitable Trusts will host an event in Washington, D.C.

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Activist investor puts pressure on Middlefield in Ohio to sell

BankThink

Community banking M&A Activist Investors OhioAncora Advisors also suggested that the company get rid of its current management team.

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First Commonwealth in Pa. to Buy DCB Financial in Ohio

American Banker

has agreed to buy DCB Financial in Lewis Center, Ohio, for $106 million in cash and stock. First Commonwealth Financial in Indiana, Pa., breaking_news community-banking m-a oh pa dealmaking-strategy

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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LCNB in Ohio lines up next leader

BankThink

Community banking Consumer banking Commercial banking OhioEric Meilstrup, who was named president last fall, will succeed Steve Foster as CEO next month.

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DOJ Settles Redlining Case with Ohio Banks for $9M

American Banker

The Department of Justice has agreed to a settlement with a pair of Cincinnati banks accused of redlining African-American neighborhoods in four cities in Ohio and Indiana. breaking_news consumer-finance mortgage housing sailthru-no-lead law-regulation

Why Ohio is gung-ho for cryptocurrency and blockchain

Payments Source

Many banks and government officials are dubious about crypto, but Ohio Treasurer Josh Mandel lets businesses pay their taxes with it and has put all the state government’s expenses on a public ledger. Digital currencies Digital payments Cryptocurrencies Blockchain Distributed ledger technology

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Activist Investor Calls for Sale of Wayne Savings in Ohio

American Banker

Wayne Savings Bancshares in Wooster, Ohio, is facing pressure to sell itself just weeks after its CEO resigned. breaking_news community-banking dealmaking-strategy

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Director at Citizens in Ohio Resigns Over Email Server Dispute

American Banker

A director at Citizens Independent Bancorp in Logan, Ohio, resigned after members of management chastised him for an email security breach. breaking_news bank-technology security data-breach people corporate-governance oh sailthru-no-lead community-banking

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United Community in Ohio Taps JPMorgan Exec as Tech Chief

American Banker

United Community Financial in Youngstown, Ohio, has hired a JPMorgan Chase executive to be in charge of its technology. breaking_news bank-technology people recruitment oh community-banking

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First Defiance to Buy Commercial Savings Bank in Ohio

American Banker

First Defiance Financial in Defiance, Ohio, has agreed to pay $63 million for Commercial Bancshares, the $342 million-asset parent of Commercial Savings Bank. breaking_news community-banking m-a oh dealmaking-strategy

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Peoples in Ohio Obtains $15 Million Loan from Raymond James

American Banker

Peoples Bancorp in Marietta, Ohio, has obtained a $15 million credit line and has paid off an earlier loan. community-banking capital oh fl dealmaking-strategy

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Civista in Ohio to Report Gain on Loan Recovery

American Banker

Civista Bancshares in Sandusky, Ohio, will record a gain of roughly $1.5 million in the second quarter after a nonperforming loan was fully repaid. breaking_news oh community-banking

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Lender risk from CFPB underwriting rule tested in Ohio case

BankThink

ATR Qualified mortgage rules Mortgage defaults Litigation Foreclosures CFPB OhioThe industry has long worried that the ability-to-repay rule gives borrowers an avenue to fight foreclosure, but one plaintiff’s experience may discourage others from trying.

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DCB Financial in Ohio Combines Chairman, CEO Jobs

American Banker

DCB Financial in Lewis Center, Ohio, has given its chief executive the added title of chairman. breaking_news people succession-planning oh community-banking

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Crypto Fails To Impress For Corporate Tax Payments

PYMNTS

When the state of Ohio partnered with cryptocurrency company BitPay last year, it meant the state would become the first in the U.S. Ohio’s effort signaled a renewed push for corporate adoption of cryptocurrency.

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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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First Defiance in Ohio hires outsider to run its bank

BankThink

Community banking Succession planning Growth strategies OhioVince Liuzzi previously served as chief banking officer at DNB First in Pennsylvania.

Ohio’s slow growth builds consolidation pressure

ABA Community Banking

State’s banks fight for market, heat up M&A Management Financial Trends CSuite Community Banking. 1Community Banking

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Mega Millions Winning Ticket Could Come Via Payment Card Tonight

PYMNTS

For instance, Ohio — which also accepts credit and debit for purchases of lotto tickets — recently launched what was described as the state’s “ first mobile-enabled lottery card.” Retail gambling lottery lottery ticket Lotto Mega Millions Mobile Payments News ohio Payment Cards

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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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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. breaking_news people corporate-governance oh community-banking

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'Gov. Cordray'? Ohio bankers hedge their bets

BankThink

Community banking Regional banks Consumer banking Consumer lending Sailthru NMN origination no display CFPB OhioWhile disappointed with the CFPB's actions in recent years, bankers said they want to see a campaign platform before making a decision on the agency's director.

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Ohio bank raises $30 million to accelerate growth

BankThink

Community banking Private placements Investment strategies Growth strategies OhioHeartland BancCorp received the funds through a private placement to invest in several possible expansion options.

Goodbye and Hello to CFO of United Bancshares in Ohio

American Banker

Banks change top executives all the time, but it's rare that one leaves for another venture and simultaneously gets recruited to the board of the bank he or she is leaving. breaking_news people succession-planning oh community-banking

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