Ohio

KeyBank said Wednesday it has appointed Rodney Drake as vice president and coordinator for its program geared towards low-income and underserved customers.

FirstMerit Corp. in Akron, Ohio, reported third-quarter earnings of $31.7 million, up about 9% year over year, thanks to increased commercial lending activity and fewer problem assets. Earnings per share were rose 7%, to 29 cents, beating analysts' estimates by a penny, according to Thomson Reuters.

Under an order from regulators to raise fresh capital, Central Federal Corp. in Fairlawn, Ohio, said in a Securities and Exchange Commission filing Friday that its shareholders have approved a plan to more than quadruple its number of outstanding shares.

Park National Corp. in Newark, Ohio, said Tuesday that it had found a material weakness in its internal control over financial reporting, tied to its use of a third-party contractor.

Central Federal Corp. in Fairlawn, Ohio, is set to bring in a new chief executive and president after it raises up to $37.5 million.

Battered by losses on soured loans, First Place Financial Corp. in Warren, Ohio, said this week that it is planning to restate its earnings for its past three fiscal years.

PVF Capital Corp. in Solon, Ohio, reported a loss of $2.6 million for its fiscal fourth quarter, a slight improvement from a year earlier.

With its coffers at capacity, the capital-flush Cincinnati company said recently it would raise its dividend to equal 100% of its quarterly earnings.

DCB Financial Corp. in Lewis Center, Ohio, is closing a quarter of its branches and cutting 18% of its workforce in the next 90 days, according to a news report.

First Place Financial Corp. said this week that it has launched an audit of its 2009 results and that it now operating under a cease-and-desist order from the Office of Thrift Supervision.

Park National in Newark, Ohio, will take a higher-than-expected provision for loan losses in the second quarter due to continued credit problems at its Florida banking subsidiary.

CSB Bancorp in Millersburg, Ohio, announced Friday that it is acquiring two branches in Wooster, Ohio, from Premier Bank & Trust.

Ohio's Liberty Savings Bank is exiting its home state and selling its 16 branches there to First Financial Bancorp of Cincinnati, tripling First Financial's footprint in Dayton.

Huntington National Bank is committing $2 billion to help jumpstart Michigan's sputtering economy.

First Place Financial Corp. in Warren, Ohio, is in danger of having its stock delisted for failing to file its last three quarterly financial statements with the Securities and Exchange Commission.

A federal judge has ordered the repatriation of $2.3 million traced to last year's collapse of St. Paul Croatian Federal Credit Union from a Macedonian bank as authorities try to determine if the funds were among those siphoned from the onetime $240 million-asset credit union.

National Bank of Oak Harbor and Commodore Perry Federal Credit Union in Oak Harbor are providing low-interest loans to help spruce up downtown.

United Bancorp Inc. in Martins Ferry, Ohio, reported another profitable quarter despite higher credit costs. The $431.1 million-asset company posted a gain of $738,000 in the first quarter, compared with $683,000 a year earlier.

First Place Financial Corp. in Warren, Ohio, has deferred payments on its subordinated debt and preferred shares issued to the Treasury Department to save cash and comply with an enforcement action.

First Defiance Financial Corp. in Defiance, Ohio, has $19.6 million of fresh equity. The $2.04 billion-asset company said Tuesday that it sold 1.6 million shares, including 208,800 shares for over-allotments, at $13.25 a share.