Wendell August property for sale

Wendell August property for sale

GROVE CITY, PA.

Wendell August Forge announced Wednesday that it plans to sell its landmark Grove City property, which until last year had stood since 1932 and was on the National Register of Historic Places.

“This is a bittersweet goodbye for all of us at Wendell August,” said Will Knecht, company president. “It is the site of many wonderful memories and serves as the foundation of where we are as a company today.”

The Wendell August headquarters burned to the ground March 6, 2010. The company has worked out of temporary spaces since and plans to rebuild near the Grove City Premium Outlets.

The 1.97-acre property, at 620 Madison Ave., is listed for $124,900.

Wendell August makes personalized metal gifts.

Anyone interested in purchasing the property should contact Georgie Hodge of Grove City Realty at 724-458-5858.

UCFC agrees to sell four of its branches

YOUNGSTOWN

United Community Financial Corp., holding company of The Home Savings and Loan Co., announced Wednesday that it has agreed to sell four of its branches to Croghan Colonial Bank, a subsidiary of Croghan Bancshares, Inc., based in Fremont.

Croghan will acquire branches in Fremont, Clyde, Westgate and Tiffin. It will assume all deposit liabilities and purchase related fixed assets. It will pay 4 percent, or $4.5 million, on all nonjumbo, nonbrokered and nonpublic deposits.

The transaction was approved by both boards; no shareholder approvals were required.

United Community said the sale helps it record a gain, which positively impacts its capital levels.

Stocks rise on surge in factory orders

NEW YORK

Stocks rose Wednesday, capping a wild month, after a surge in factory orders reassured investors that the manufacturing industry still is healthy. The Dow Jones industrial average turned positive for the year.

Factory orders rose 2.4 percent in July, the biggest increase since March. Demand for cars jumped the most in eight years, and orders for commercial airplanes soared. Orders fell 0.8 percent in June. That caused worries that manufacturing, one of the best-performing areas of the U.S. economy, might be starting to sputter.

Staff/wire reports