Home Savings merger nixed


April 2, 2008 at 11:09a.m.

Home Savings merger nixed

YOUNGSTOWN — The Solon-based bank that was to be acquired by the parent of Home Savings and Loan Co. has called off the deal.

PVF Capital Corp. exercised its option to cancel the merger if it was not completed by Tuesday.

United Community Financial Corp., the Youngstown-based parent of Home Savings, had not been working on closing the deal because of its focus on controlling its delinquent loan issues, said Doug McKay, UCFC chairman and chief executive.

For the complete story, see Thursday’s Vindicator and Vindy.com.