REGION

REGION

Clear Channel lays off workers at radio stations

BOARDMAN — Clear Channel laid off some workers at local radio stations Tuesday.

The number of layoffs and names of the workers are not being released, said Bill Kelly, area vice president. He said the cutbacks were part of a larger number of layoffs made throughout the corporation because the recession has hurt Clear Channel’s finances.

“It was nothing specific with the Youngstown market,” he said.

Clear Channel operates WKBN-570, MIX 98.9, 1390 WNIO, BIG 106.1, 95.9 KISS-FM and 93.3 NCD.

Farmers National earns $1.68M in 1st quarter

CANFIELD — Farmers National Banc Corp. earned $1.68 million in the first quarter, compared with $1.41 million in the same quarter last year. Net interest income was up 32 percent.

Frank Paden, president and chief executive, said last quarter would have been one of the company’s better quarters if not for $455,000 worth of merger-related expenses. Farmers acquired Butler Wick Trust Co.

The banking company set aside $450,000 last quarter to cover loan losses, compared with $110,000 in the same quarter last year. As of March 31, total nonperforming loans amounted to $9.6 million, compared with $2.3 million a year earlier.

Home-buying seminar requires reservations

BOARDMAN — A home-buying seminar will be at 7 p.m. Thursday at First Place Bank, 724 Boardman-Poland Road. Seating is limited, and reservations can be made by calling (330) 757-1300.

The seminar is sponsored by Real Living Volpini Realty Group, First Place Bank, Commonwealth Suburban Land Title and Bass Home Inspection. Topics to be covered include stimulus package benefits, regulations, financing, home inspections and warranties, title process and the role of the Internet.

Also, attendees will receive market forecast information on real estate in the Mahoning Valley for 2009.

From Vindicator staff reports