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

Payments Source

Mobile payments Online payments Digital payments Ohio

Substitute Ohio Payday Loan Bill Friendlier To Lenders

PYMNTS

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

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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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 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.

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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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Fee income spurs nonbank acquisition for Heartland in Ohio

BankThink

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

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

BankThink

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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Peoples in Ohio to enter Ky. with First Prestonsburg acquisition

BankThink

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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Ohio credit union to buy Cincinnati branch from United Fidelity Bank

BankThink

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

BankThink

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

BankThink

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

BankThink

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 Becomes the Latest State to Allow CUs to Compensate Directors

Keith Leggett's Credit Union Watch

Legislation (House Bill 489) permits Ohio credit unions to compensate their directors. Robert Rutkowski, Deputy Superintendent of the Ohio Division of Financial Institutions, wrote in the Credit Union Newsletter setting the Division's expectations for credit unions deciding to pay their directors. The bill was signed into law in March 2019.

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Ohio bank starts search process for new CEO

BankThink

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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Ohio poised to tighten rules on high-cost consumer lending

BankThink

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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Proxy advisers support Ohio bank in battle with activist investor

BankThink

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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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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Cordray said to be announcing bid for Ohio governor on Tuesday

BankThink

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

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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Wayne Savings in Ohio adds activist investor to its board

BankThink

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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First Merchants to buy Arlington Bank in Ohio

BankThink

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.,

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

BankThink

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

BankThink

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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Civista in Ohio taps insider as its next CEO

BankThink

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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Ohio bill allows CUs to serve businesses that cultivate, sell hemp products

CU Insight

Ohio Gov. While the Ohio Credit Union League takes no stance on the legality of marijuana, we do stand by our credit unions and their ability to legally serve all of their members and their financial needs,” Ohio League President/CEO Paul Mercer said.

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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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Park in Ohio doubles down in the Carolinas with latest acquisition

BankThink

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.

Farmers National to buy Monitor Bancorp in Ohio

BankThink

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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Ohio mutual names new CEO

BankThink

Thomas Fraser will step down as president and CEO of First Federal Lakewood and instead focus on overseeing the mutual's holding company. Mutual banks Community banking M&A Consolidations Succession planning

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Ohio governor signs law aimed at reining in high-cost lenders

BankThink

Payday lending Small-dollar lending Consumer lending State regulators John Kasich State of Ohio 677522 State of Colorado Pew Charitable TrustsThe state follows Colorado’s lead in adopting reforms pushed by the Pew Charitable Trusts.

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Burned by last deal, Ohio bank extra cautious this time around

BankThink

M&A Community banking Capital Growth strategies Ohio North CarolinaPark National, which came to regret its acquisition of a Florida bank just before the financial crisis, took more than a year to vet NewDominion before making an offer.