Program transition

Program transition

CORTLAND

Cortland Banks recently announced the nondeposit-investment services program at Cortland Banks will transition from Cortland Investment Group to Cortland Private Wealth Management.

Cortland Private Wealth Management will offer customers access to a more services, including a full suite of wealth-management options, to include private asset management, financial and estate planning and advisory services.

New Allegiant chief

LAS VEGAS

Allegiant Travel Co., the only commercial airliner in operation at the Youngstown-Warren Regional Airport, recently announced the resignation of Steve Harfst from the position as chief operating officer of Allegiant.

The company recently named Jude Bricker as Harfst’s replacement and expanded the role of Chief Financial Officer Scott Sheldon. Bricker oversees flight operations, maintenance and safety. Sheldon will oversee the inflight and operation control center.

GM reports record global sales for ’15

DETROIT

General Motors reported global sales of 9.8 million in 2015 for the third-consecutive year of record global sales.

GM sold the most vehicles in China: 3,612,636. Sales in the U.S. came in second with 3,082,366. Brazil, United Kingdom and Canada sales followed.

Deliveries in North America rose 6 percent in 2015 to 3.6 million cars, trucks and crossovers. In the U.S., GM grew its retail sales, which are sales to individual customers, faster than any other automaker.

FNB reports results

PITTSBURGH

F.N.B. Corp. last week reported results for the fourth quarter and full year of 2015. Net income available to common shareholders for the fourth quarter of 2015 totaled $37.1 million or $0.21 per diluted common share.

Comparatively, third quarter of 2015 net income totaled $38 million, or $0.22 per diluted common share, and fourth quarter of 2014 net income totaled $37.3 million, or $0.21 per diluted common share. Net income available to common shareholders for the full year of 2015 totaled $151.6 million, or $0.86 per diluted common share, compared with net income of $135.7 million, or $0.80 per diluted common share in 2014.

Israel’s Shimon Peres is rushed to hospital

JERUSALEM

Israel’s former President Shimon Peres was rushed to a hospital after experiencing chest pains, just a week after suffering a mild heart attack, his spokeswoman said Sunday night.

The 92-year-old statesman had been discharged from a hospital Tuesday.

Medics treated Peres at his home and detected an “irregular heartbeat” after conducting an EKG test, spokeswoman Ayelet Frisch said. Later Sunday, Peres’ personal physician, Rafi Walden, said that “to be on the safe side we took him to the hospital where we diagnosed a slight disturbance in the rhythm of the heart.”

Magnitude-7.1 quake hits Alaska; homes lost

ANCHORAGE, ALASKA

A magnitude-7.1 quake knocked items off shelves and walls in Alaska early Sunday, jolting the nerves of residents in this earthquake-prone region. There were no reports of injuries, but four homes were lost to explosions or fire after the quake.

Alaska’s state seismologist, Michael West, called it the strongest earthquake in the state’s south-central region in decades. Alaska often has larger or more powerful earthquakes, such as a 7.9 last year in the remote Aleutian Islands.

The earthquake struck at 1:30 a.m. Alaska time and was centered 53 miles west of Anchor Point in the Kenai Peninsula.

Staff/wire reports