The Press Newspaper
Development topic of seminar
The seminar, entitled TMACOG Tech: Defining Roles in Economic Development Efforts, is sponsored by Spengler Nathanson, Attorneys at Law; Northwest Ohio Regional Economic Development (NORED); Ohio Economic Development Association and Jobs Ohio.
Call Peggy at TMACOG at 419-241-9155. ext 105.
Martin P. Sutter, GenoaBank President, stated in a company press release that financial highlights from the first quarter, 2013 included net income totaling more than $404 thousand, or a 1.9 percent increase from last year at this same time. Total assets ended the first quarter of 2013 at $258.5 million.
First Defiance Financial Corporation announced net income for the first quarter totaled $5.6 million, or 55 cents per diluted common share, compared to $4.2 million or 37 cents per diluted common share for the first quarter of 2012.
“We are encouraged by the improvement in net income results versus last year and the continuation of the momentum built in the latter part of 2012,” stated William J. Small, chairman, president, and CEO in a company release. “However, we are still feeling the strain from the recent economic cycle, which has impacted loan growth and has caused some drag on first quarter performance.”
The first quarter results include expense for provision for loan losses of $425,000, compared with $3.5 million for the same period in 2012 and $2.6 million in the fourth quarter of 2012.
Non-performing loans totaled $35.3 million at March 31, 2013, a decrease from $45.4 million at March 31, 2012.
The agency was started 70 years ago by her husband’s grandfather. Denise Martin is the third generation at Martin & Martin. She is a graduate of Waite High School, and the University of Toledo and is a member of the Eastern Maumee Bay Chamber of Commerce, the East Toledo Historical Society and has been a volunteer for Hospice of Northwest Ohio since 2004.
Auto-Owners Insurance has named H. J. Miller Insurance Agency of Northwood one of the Top 10 growth agencies in Ohio for 2012. The agency was recognized at a recent luncheon meeting in Lima.
H. J. Miller Insurance Agency has represented Auto-Owners since 1956.
Auto-Owners Insurance was founded in 1916 and has served Ohio since 1936.
The Oregon/Northwood Rotary will host its annual golf scramble Friday, June 21 at Chippewa Golf Club.