Home Savings records narrow 2Q loss

YOUNGSTOWN — Home Savings & Loan Co. said it narrowed its second-quarter loss in 2010, but continues to suffer from bad loans and the weak economic recovery.

United Community Financial Corp., the Youngstown-based parent company of Home Savings & Loan, lost $4.9 million, or 16 cents per share, in the second quarter of 2010, compared to a $5.1 million, or 17 cents per share, in the same quarter last year.

The company said losses can be attributed largely to continued problems with UFMC’s commercial loan portfolio.

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