Business Digest || F.N.B. declares 12-cent dividend

F.N.B. declares 12-cent dividend

HERMITAGE, Pa.

F.N.B. Corp. declared a cash dividend of 12 cents per share for common-stock holders. The dividend will be payable March 15 to shareholders of record as of March 1. The Hermitage-based bank serves clients in Pennsylvania, Ohio, Kentucky and Tennessee.

Consumers Bancorp declares dividend

SALEM

Consumers Bancorp Inc. has issued a quarterly cash dividend of 10 cents per share for outstanding shares of common stock.

Consumers Bancorp Inc., the parent company of Consumers National Bank, which has branches in Salem and Lisbon, will make the dividend payable March 14 to shareholders of record as of Feb. 28. The Minerva-based bank issued a dividend of 10 cents per share for the same period last year.

Flynn dealerships ranked No. 1 in sales

YOUNGSTOWN

Final sales figures published by the Automotive Dealers Association of Eastern Ohio mark 2010 as the fifth-consecutive year the six dealerships owned by David A. Flynn ranked No. 1 in automotive sales with a combined total of 6,432 vehicles, outselling the next local competitor by 2,052 new and used vehicles.

The Flynn dealerships, the largest group in Northeast Ohio, are in Mahoning and Columbiana counties and are Columbiana Buick Cadillac Chevrolet in Columbiana; The Honda Store and Donnell Ford in Boardman; Donnell Ford Lincoln of Salem; Power Chevrolet Buick GMC in Calcutta; and Performance Trucks in New Waterford.

Consumers paying more for most goods

WASHINGTON

Consumers paid more in January for everything from food and gas to airline tickets and clothing. The price increases reflect creeping but still-modest inflation.

The Consumer Price Index rose 0.4 percent last month, matching December’s increase, the Labor Department said Thursday. Over the past year, the index has risen 1.6 percent.

Core prices, which exclude volatile food and energy costs, rose 0.2 percent. That’s the largest monthly increase in more than a year. Over the past 12 months, core prices have increased 1 percent. This is more than December’s 0.8 percent annual pace, but it remains well below the Federal Reserve’s comfort zone for inflation of between 1.5 percent and 2 percent.

Food prices climbed 0.5 percent in January, the most in more than two years.

Mortgage rates dip

NEW YORK

Fixed mortgage rates inched down this week, after a dip in Treasury yields.

The average rate on a 30-year fixed mortgage slipped to 5 percent from 5.05 percent last week, Freddie Mac said Thursday. It hit a 40-year low of 4.17 percent in November.

The average rate on a 15-year fixed home loan also fell to 4.27 percent from 4.29 percent. It reached 3.57 percent in November, the lowest level on records dating back to 1991.

Vindicator staff/wire reports