Business digest

REGION

Kmart Distribution Center labor pact is extended

BAZETTA TOWNSHIP — A labor contract at the Kmart Distribution Center here has been extended after workers rejected a tentative agreement. Kim Freely, a company spokesman, said the warehouse is continuing to operate and negotiations will resume next week. The contract with United Auto Workers Local 2901 expired Aug. 31. Officials with the union could not be reached to comment. The warehouse has about 250 hourly workers.

Farmers National Banc declares quarterly dividend

CANFIELD — Farmers National Banc Corp. has declared a dividend of 6 cents per common share, payable Sept. 30 to shareholders of record on Sept. 18. The third-quarter dividend is half of the dividend that was paid in the previous quarter.

Reducing the dividend will help the company retain a stronger capital position, said Frank Paden, Farmers president.

“At this time, our directors have determined it would be prudent to preserve capital and strengthen our balance sheet, given the current challenging economic times which have negatively impacted earnings for most banks,” he said.

Vindicator staff reports