UCFC reports major 2Q growth

Staff report

YOUNGSTOWN

United Community Financial Corp., the parent company of Home Savings Bank, reported a 45.5 percent improvement – a net income of $8.2 million – over the same period last year.

Compared with the second quarter of 2016, revenue grew 31 percent.

Loan growth totaled $45.2 million, a 9.4 percent annualized growth rate over the same period in 2016.

Gary Small, UCFC’s president and CEO, said the results reflected the “successful efforts” of the bank’s team.