Losses continue for Home Savings’ parent company

February 3, 2010 at 7:18a.m.

YOUNGSTOWN — The parent company of Home Savings and Loan Co. lost $16.3 million in the fourth quarter after doubling the amount of money that it set aside to cover loan losses.

United Community Financial Corp. said today that it set aside $22.7 million to cover bad loans last quarter, up from $10.6 million in the fourth quarter of 2008.

The quarterly loss led to a loss of $16.8 million for all of 2009.

For the complete story, see Wednesday’s Vindicator or www.vindy.com.