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. According to reports , Macy’s will open a new regional distribution center in the Rickenbacker Airport area that is expected to create 410 jobs when it opens in Fall 2019. 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.

Ohio 110

Huntington shuttering dozens of in-store branches in Michigan

American Banker

The Columbus, Ohio, company plans to close nearly 200 branches in the state — including more than 90 in Meijer grocery stores — after it acquires TCF Financial. Branch network Earnings Regional banks Huntington Bancshares

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Huntington launches automated savings tool

American Banker

The Ohio regional added a feature to its mobile app that analyzes a customer's spending habits before sweeping small amounts of cash into a savings account. Fintech Regional banks Consumer banking Huntington Bancshares

Ohio 45

Huntington bets economic rebound, cost savings will justify TCF deal

American Banker

The Columbus, Ohio, company says it has delivered on M&A promises before, and many observers say its deal for rival TCF Financial is an opportunistic move in its bid to build a Midwestern powerhouse.

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

Ohio 34

Huntington aims to contain energy exposure, ride consumer lending

American Banker

The Ohio company, which has beefed up its loan-loss reserves, raised the possibility of more sales of oil and gas credits and talked up strong retail segments such as its marine and RV loans.

Ohio 39

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

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.

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.

Ohio 38

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

Ohio 28

Huntington to Close More than 100 Branches After FirstMerit Deal

American Banker

Huntington Bancshares plans to close more than 100 branches in Ohio, Illinois, Michigan, Pennsylvania and Wisconsin after it completes its acquisition of FirstMerit. breaking_news consumer-finance national-regional consolidation m-a oh il mi pa dealmaking-strategy

Who's Behind the Campaign Attacking CFPB Chief Cordray?

American Banker

Richard Cordray, the director of the Consumer Financial Protection Bureau, is the target of a new TV ad campaign that alleges he is courting potential funders for a run as governor of Ohio by enacting a plan that would benefit trial lawyers. national-regional consumer-finance cfpb payday law-regulation

FirstMerit Went to Great Lengths to Find a Buyer

American Banker

FirstMerit reached out to a foreign bank last fall in an effort to negotiate a sale, but the Ohio company eventually agreed to sell itself to Huntington Bancshares for $3.4 breaking_news community-banking national-regional consolidation strategic-alternatives performance m-a dealmaking-strategybillion.

Ohio 36

Scammers Prove Corporate Payments Fraud Comes In All Shapes And Sizes

PYMNTS

percent more financial crimes occur in cities where corporate accounting fraud has been reported , according to a new research report from Ohio State and Indiana University exploring the correlation between corporate fraud and local financially motivated crimes, reports in The Lantern said.

Fraud 195

Midwest Retailer Meijer Signs With Instacart For Grocery Delivery

PYMNTS

Online delivery platform Instacart is teaming up with regional Midwest retailer Meijer to provide same-day delivery of groceries. The new service is now available for Meijer customers in Michigan, Ohio, Indiana, Kentucky, Illinois and Wisconsin.

The top-performing community banks of 2021

Independent Banker

First Bank of Ohio. Genesee Regional Bank. Philip Pecora, president and CEO, Genesee Regional Bank. Genesee Regional Bank. Philip Pecora, president and CEO Genesee Regional Bank. Q: Why has Genesee Regional Bank succeeded? Illustration by Eight Hour Day.

Morning Scan: Ending Arbitration at Wells; Property Loan Pullback

American Banker

Sherrod Brown, D-Ohio, said he plans to introduce a bill that would prevent Wells Fargo from forcing customers to use arbitration clauses if they challenge the bank for opening bank accounts without their permission, a move that would make it easier for customers to sue the bank for any damages they may have incurred as a result. Giving customers back their right to take Wells Fargo to… morning-scan national-regionalReceiving Wide Coverage. More pain for Wells: Sen.

Ohio 35

Chicago, SBA Lending to Factor Heavily in Huntington's Growth Story

American Banker

The Ohio company is eager to rev up SBA lending in the Windy City now that it has closed on its purchase of FirstMerit. national-regional small-business performance m-a consolidation commercial-lending il dealmaking-strategyCEO Steve Steinour also credits his company's willingness to make big upfront community commitments for a seamless approval process.

Ohio 28

Amazon Air Expands In A Bid To Better Manage Shipping Logistics

PYMNTS

In a move to better control shipping and logistics, Amazon has been expanding Amazon Air, with 50 new planes and numerous regional hubs, according to a report by CNBC. and this year it’s opening regional hubs in Texas, Ohio, and expanding one in Illinois. The expansion includes a $1.5 billion hub in Northern Kentucky, scheduled to be open in 2021. Amazon now controls shipping about 26 percent of its online orders, according to Wolfe Research.

Workday Acquires Contractor & Vendor Management System VNDLY For $510M In Cash

CB Insights

VNDLY: Ohio-based VNDLY helps businesses manage contractors and other external workforce personnel. The company counts several Fortune 500 companies among its clients, and it operates across North America, the UK, the EMEA region, and Australia.

Ohio 56

Wages At Smaller Firms Reach Record High 

PYMNTS

Small business job gains have flattened in the second half of the year as labor markets prove very tight,” said James Diffley, chief regional economist at IHS Markit. “In The Southern region led small business growth. Ohio ranked seventh and Michigan 10th, both up over 0.4

Sageworks’ speakers tackle tough banking topics

Abrigo

Sageworks consultants have hosted and spoken at roughly two dozen regional and national events and industry conferences attended by hundreds of banking and credit union executives, regulators and industry professionals. See upcoming regional and national events hosted or attended by Sageworks here.

Huntington Now Offers Real-Time Payments For Consumers, SMBs

PYMNTS

Regional bank holding company Huntington is now using the RTP network, meaning it now has a new real-time payments option to help people get money nearly instantly, according to a press release.

And Then There Were 20 — The Amazon HQ2 Finalists

PYMNTS

all made the cut, as did some surprises like Columbus, Ohio. Columbus, Ohio. When Amazon came to Seattle, Washington, it changed the region through a boom in development to keep up with growth in employees and higher rent prices. The finalists are in, and Amazon has chosen its list of the 20 cities still in the running to be the home of its second headquarters (HQ2), according to Bloomberg reports. Austin, Boston, New York and D.C.

Kroger, Ocado Announce Two New Customer Fulfillment Centers

PYMNTS

Kroger and Ocado , one of the world’s largest online grocery retailers, have announced that Central Florida and the Mid-Atlantic will be the next regions for Kroger’s two newest customer fulfillment centers (CFC) in the U.S. We are incredibly excited to introduce customer fulfillment centers in this region to deliver on our Restock Kroger vision to serve America through food inspiration and uplift.”.

Ohio 115

Zillow Brings Fast Cash Home Selling Platform To South Florida

PYMNTS

Since we launched Zillow Offers a year ago, the response has been incredible, and we’re excited to bring Zillow Offers to homeowners in South Florida’s tri-county region who are looking for a stress-free way to sell their homes.”. The South Florida region is the sixteenth location for Zillow Offers and it is planning to expand the program to include more properties in more locations.

Mall Now A Four-Letter Word For Some Operators?

PYMNTS

Consider Parmatown Mall, in Parma, Ohio, which has been refashioned as The Shoppes at Parma. There are 90 regional malls that have renovated in just the past four years and, as calculated by property consultancy JLL, 17 have stripped away the “mall” designation. Turns out “mall” is a passé, a name, a nomer that hearkens back to the musty days of the 80s. The Wall Street Journal reports that the “four-letter” word has been getting the boot from … mall operators.

PetSmart Continues Brick-And-Mortar Expansion With More Store Openings

PYMNTS

In a press release, the company said the latest expansion efforts add to the 35 new stores launched during the first half of the fiscal year, bringing the total count of store openings in the region to 63 stores. PetSmart locations can be found in Alabama, California, Colorado, Florida, Georgia, Idaho, Illinois, Kansas, Kentucky, Michigan, Minnesota, Missouri, New Hampshire, New Mexico, New York, Ohio, South Carolina, Tennessee and Texas.

Site Visits Fuel Anticipation For Amazon’s HQ2

PYMNTS

That is partly because Amazon Chief Executive Jeff Bezos owns The Washington Post and has a house in the region. all made the cut, as did some surprises like Columbus, Ohio. Adding to the anticipation for a decision on its $5 billion HQ2 project, Amazon has reportedly made visits to multiple finalists. According to a person with a understanding of the visits, the eCommerce retailer visited Chicago, New York City and Chicago, The Wall Street Journal reported.

COVID-19 Disrupts Leisure In US, But China Expects ‘Revenge Travel’ Boost

PYMNTS

but its full impact on the sector in Ohio is not yet known, The Galion Inquirer reported. Regional airlines such as Fuzhou Airlines, Guizhou Airlines, and China United Airlines, which is the low-cost unit of China Eastern Airlines, have brought on additional routes throughout the nation.

AWS’ Amazon Neptune Goes Live For Financial Services

PYMNTS

East (Ohio), U.S. West (Oregon) and EU (Ireland) regions. There are plans to expand to additional regions in the coming year. Amazon Web Services has announced the launch of Amazon Neptune , a fast and fully managed graph database. The new service stores and navigates highly connected data, allowing developers to create sophisticated, interactive graph applications. There are no upfront costs, licenses, or commitments – customers pay only for the resources they use.

Oregon 100