May 26, 2016

Elyria
Partly sunny
82°F
 

Broad Street power struggle: Brinda seeks help from commissioners to rein in Main Street Elyria

ELYRIA — Mayor Holly Brinda fears Main Street Elyria’s plans to be a bigger player in the revamp of downtown Elyria will threaten her own revitalization plans, and she asked county leaders to step in as intermediaries. The organization, which is now being headed by former Mayor Bill Grace, Brinda’s longtime political foe, is drastically Read More…

Headaches continue from LNB/Northwest merger

LORAIN — Some customers of the former Lorain National Bank continue to vent their frustrations, saying they can’t access accounts or talk to bank employees following an Aug. 17 merger with Northwest Bank. Stan Lampe, a retired judge who lives in the Nashville, Tenn., area, is among that group. I’ve always tried to give people Read More…

Lorain National Bank completes merger with Northwest — but not without problems

LORAIN — A century-old tradition came to an end this week as Lorain National Bank officially ceased to exist because of to a merger with Pennsylvania-based Northwest Bank. The transition didn’t occur without problems, according to Lorain National Bank customers who phoned or emailed The Chronicle-Telegram. One man described the changeover as “a screwed-up mess” Read More…

Pair with local roots to lead Northwest after LNB merger

LORAIN — Two men with local roots will take on leadership roles with Northwest Bancshares Inc. when it completes its merger with Lorain National Bank in August. Northwest announced Thursday that Kevin Nelson, a longtime senior vice president with LNB, will serve as Northwest’s Ohio regional president. He will be responsible for growing the bank’s Read More…

Merger to trim 99 jobs from Lorain National

LORAIN — Lorain National Bank will lay off 99 employees when a merger with Northwest Bancshares Inc. is complete Aug. 14. LNB Bancorp Inc. announced Tuesday its shareholders voted to approve the previously announced merger of LNB with Northwest Bancshares Inc. LNB shareholders approved the deal with 80 percent of outstanding common shares, according to Read More…

Main Street Elyria moves, executive director laid off

ELYRIA — The well-known face of Main Street Elyria, executive director Tamela Grubb, has been laid off from the organization as it admits internal financial struggles. Jim Deery, board chairman and local attorney, said in a statement that the organization has had to make two changes recently to confront a tight budget. In addition to Read More…