The Federal Reserve Bank, the Federal Deposit Insurance Corporation, the Ohio Division of Financial Institutions and the West Virginia Board of Banking and Financial Institutions approved the merger of Wayne Savings Community Bank and Main Street Bank. read more

MAR 18, 2024 - 6:33 am

The Federal Reserve raised interest rates by a quarter-point, its first rate hike this year, in a decision that was widely anticipated by markets. read more

MAR 22, 2018 - 7:46 am

The Federal Reserve voted unanimously to keep interest rates unchanged at 1.25 to 1.5%. The FMOC noted that the labor market has continued to strengthen and economic activity has been rising at a solid rate. read more

FEB 1, 2018 - 6:59 am

The Federal Reserve raised its benchmark rate for the second time in three months, this time to a range between 0.75% and 1%. read more

MAR 16, 2017 - 7:19 am

The industry has a new issue in need of advocacy. The capital requirements of banks and other regulated financial institutions are at stake as regulators may treat newly capitalized right of use asset and operating lease liability as any other asset and debt. Bill Bosco provides background on the situation, discusses the ELFA’s advocacy efforts and initiates a call to action.... read more

November/December 2016

The Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey indicated that growth in the manufacturing sector is weak. General activity and shipments were positive, while new orders and employment were negative. read more

AUG 19, 2016 - 6:40 am

At their most recent meeting, Federal Reserve policy makers said they expect economic conditions will evolve in a manner that will warrant only gradual increases in the fed funds rate. read more

JUL 28, 2016 - 7:34 am

The Federal Reserve will raise its benchmark interest rate to .5% from .25%. This is the first time that the Fed has raised the rate since December 2008. read more

DEC 17, 2015 - 6:49 am