Belmont Bancorp. of St. Clairsville, Ohio, said it will restate last year's earnings and declare a $2.6 million loss for the first quarter after a large commercial customer went out of business.

Schwartz Homes Inc. of New Philadelphia, Ohio, closed last month. Belmont, the $446 million-asset holding company for Belmont National Bank, has loans outstanding to Schwartz as well as individual consumers for whom Schartz was building homes.

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