Ohio banking regulators shut down Columbia Savings Bank in Clifton Friday. Here's the statement from the Ohio Department of Commerce:
Columbia Savings Bank, Cincinnati, Ohio was closed today by the Ohio Division of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Pursuant to Ohio Revised Code Section 1165.18, the Superintendent of the Ohio Division of Financial Institutions may take possession of a savings bank if it is in an unsafe or unsound condition to continue the business of banking.
Hamilton County Commissioners say cost overruns on Metropolitan Sewer District (MSD) projects are too high and are indicating leadership is the problem.
In other words: MSD director Tony Parrott needs to go.
In a letter to interim Cincinnati city manager Scott Stiles, Hamilton County Administrator Christian Sigman says "major cost overruns within several federal Consent Decree projects is merely a symptom of larger management issues within MSD."
Cincinnati's proposed budget cuts funding for a program that guides revitalization and growth activities in some of the city's neighborhood business districts.
The all-volunteer group has received about $1 to $3 million a year from the city for many years. But the currently proposed spending plan cuts a large chunk of city capital money for Cincinnati Neighborhood Business District United.
If you're traveling for Memorial Day, you'll have a lot of company on the roads and in the air. AAA is estimating more than 1.34 million Ohioans plan to travel this weekend, a 0.6 percent increase from last year. The figure is 36.1 million across the country, a 1.5 percent increase and the highest number since the recession. Cheryl Parker with AAA in Cincinnati chalks it up to cabin fever.