August 27, 2015

Partly sunny

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

Kevin Nelson Photo

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

Tamela Grubb has been laid off from Main Street Elyria. CHRONICLE FILE PHOTO

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…