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Friday, July 30, 2010
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Insurance & Fin. Planning

Nor’easter owner branches out with new office, new business

UTICA — Just about a year after converting his insurance agency, Nor’easter Insurance, into a full-time venture, owner Everett Thompson is moving the business from his home to an office. At the same time, he’s working to get another business up and running.


NBT reports earnings increase

 

Second-quarter earnings rose at NBT Bancorp, Inc. (NASDAQ: NBTB), the holding company of NBT Bank.
The banking company reported net income of $14.4 million, or 42 cents per share, up 24.8 percent from $11.6 million, or 34 cents per share, a year ago. NBT shares were trading up more than 2.6 percent this morning at $22.82.

Earnings jump at Chemung Financial

 

Second-quarter earnings rose at Chemung Financial Corp., which reported a 260 percent increase in net income in the period.

The company earned $2.5 million, or 69 cents per share, for the quarter, compared with $695,000, or 19 cents, a year ago.


Earnings dip at Oneida Financial

 

Second-quarter earnings were down at Oneida Financial Corp. due to a drop in value of trading securities and increased provisions for loan losses.

The banking company reported net income of $814,000, or 10 cents per share, compared to $1.1 million, or 14 cents per share, a year ago. Oneida announced its results Friday.


Excellus report finds savings in e-prescribing

 

Upstate New Yorkers could potentially avoid more than 2 million "adverse drug events" if all physicians started using e-prescribing systems, according to a new report from Excellus BlueCross BlueShield.

Excellus, Central New York's largest health insurer, released the report today. E-prescribing involves sending prescriptions to pharmacies electronically, instead of writing them out, telephoning, or faxing them.



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