Ohio Bill Urges Govt. To Adopt Blockchain

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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

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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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Group applies to form bank in Ohio

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Community banking De novo institutions Capital OhioThe application for Riverside Bank of Dublin comes just six months after another group opened a bank in a nearby market.

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Ohio To Let Businesses Pay Taxes With Bitcoin

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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

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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

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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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Activist investor puts pressure on Middlefield in Ohio to sell

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

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LCNB in Ohio lines up next leader

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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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Macy’s To Open New Ohio Distribution Center

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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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A mutual preservation pact in Ohio-Kentucky deal

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Community banks Strategic buyers Mutual banks Ohio KentuckyFirst Mutual Holding is buying the tiny Blue Grass Federal and keeping its charter. The deal allow the seller to save costs and maintain its autonomy.

Ohio Lottery Makes A New Bet on Mobile

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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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Lender risk from CFPB underwriting rule tested in Ohio case

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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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Substitute Ohio Payday Loan Bill Friendlier To Lenders

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Loans consumer protection News Ohio Consumer Lenders Association payday lending bill Pew Charitable Trusts Scott Oelslager Senate Finance Committee Ted Saunders What's HotSenate Republicans expressed frustration because store owners still aren’t satisfied with the new payday lending bill, which is friendlier to lenders. You and your people have been involved in this bill for over a year since it was introduced,” Sen.

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Ohio Payday Loan Reform Supporters Get Green Light

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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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First Defiance in Ohio hires outsider to run its bank

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

'Gov. Cordray'? Ohio bankers hedge their bets

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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

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

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

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Mobile payments Online payments Digital payments Ohio

Fee income spurs nonbank acquisition for Heartland in Ohio

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The Ohio company agreed to buy TransCounty Title Agency, which has five offices around Columbus. Community banking M&A Fee income Ohio

Peoples in Ohio to enter Ky. with First Prestonsburg acquisition

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Community banking M&A Capital Growth strategies Ohio KentuckyThe $45 million purchase will provide Peoples with eight branches and $244 million in deposits.

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First Financial in Ohio charges off $10M loan to restaurant franchise

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Community banking Earnings Commercial lending Credit quality OhioThe company warned that the move will likely reduce its first-quarter profit by $8 million.

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Ohio credit union to buy Cincinnati branch from United Fidelity Bank

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Community banking M&A Credit unions Branch deals OhioSuperior is the latest credit union to announce an acquisition involving a bank.

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Why Ohio is gung-ho for cryptocurrency and blockchain

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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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Ohio receives first post-crisis de novo application

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A group led by former community bank CEO Dave Mallett hopes Ohio State Bank will open for business in Columbus by the end of the year. Community banking De novo banks Capital Ohio

Ohio bank nears key asset mark with $32M acquisition

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Community banking M&A Capital Growth strategies OhioRichwood Bancshares will get closer to $1 billion in assets after it buys Home City Financial.

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Ohio bank starts search process for new CEO

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Community banking Succession planning Growth strategies OhioFarmers & Merchants Bancorp is looking for a successor for Paul Siebenmorgan, who has been its CEO for nearly 15 years.

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Computer Virus Brings Ohio Town’s Government To A Halt

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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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Proxy advisers support Ohio bank in battle with activist investor

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Community banking Proxy advisory firms Corporate governance Activist Investors OhioStilwell Group is trying to win a board seat at Wayne Savings Bancshares.

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Ohio poised to tighten rules on high-cost consumer lending

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Payday lending Small-dollar lending Law and regulation Interest rates OhioRepublican lawmakers and consumer groups have reached an agreement on legislation designed to close a loophole in the state's interest rate cap.

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Cordray said to be announcing bid for Ohio governor on Tuesday

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Richard Cordray, whose resignation as director of the Consumer Financial Protection Bureau sparked a battle over the agency's leadership, plans to announce on Tuesday he's running for Ohio governor as a Democrat. Policymaking Richard Cordray CFPB Ohio

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

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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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First Merchants to buy Arlington Bank in Ohio

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has agreed to buy Arlington Bank in Upper Arlington, Ohio. Community banking M&A Branch deals Consolidations Integrations Capital Indiana OhioFirst Merchants in Muncie, Ind.,

Wayne Savings in Ohio adds activist investor to its board

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Community banking Activist investors M&A Growth strategies OhioAncora Advisors has a history of pressing banks and thrift to find buyers.

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PNC to close Ohio call center, allow employees to work from home

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Revenue and expenses Consumer banking Real estate PNC Financial Services Group Ohio PennsylvaniaThe regional bank's move is part of an industrywide transformation of call centers and operations centers to handle more complex tasks and trim costs.

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Civista in Ohio taps insider as its next CEO

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Community banking Succession planning Growth strategies OhioThe company said that Dennis Shaffer, its president, will succeed James Miller at the end of this year.

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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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Fed pick gets earful from Brown after 'armpit' remark on Ohio

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Sherrod Brown questioned Stephen Moore's ability to make decisions at the Fed to benefit all Americans after calling two Ohio cities the "armpit of America.". Law and regulation Monetary policy Sherrod Brown Senate Banking Committee Federal Reserve

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Farmers National to buy Monitor Bancorp in Ohio

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M&A Capital Growth strategies OhioFarmers National will pay about $7.8 million in cash and stock for the $43.3 million-asset Monitor in a deal that should close in the second or third quarter.

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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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Park in Ohio doubles down in the Carolinas with latest acquisition

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Community banking M&A Capital Growth strategies North Carolina South Carolina OhioThe company will pay $142 million for Carolina Alliance Bank three months after buying NewDominion in Charlotte, N.C.

Trump attack on Cordray shows Ohio governor race may turn on CFPB

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Trump administration Election 2018 Richard Cordray Donald Trump CFPB OhioThe former CFPB director won the state’s Democratic primary Tuesday night, and his tenure at the agency is likely to be a key issue in the general election.

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