Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Acquiring HSBC branches helps Community Bank build “density”
DeWITT — The addition of 16 HSBC branches across Western, Central, and Northern New York will help Community Bank System, Inc. (NYSE: CBU) grow in
First Niagara absorbs loss on HSBC acquisition costs
After completing four acquisitions in three years and pushing into new geographies, First Niagara Financial Group, Inc. (NASDAQ: FNFG) plans to focus on running the
M&T Q2 profit dips; bank expects no further merger expenses
M&T Bank Corp. (NYSE: MTB) earned $233 million in the second quarter, down 28 percent from the same period in 2011. Last year’s second-quarter results
KeyBank plans to shutter up to 5 percent of its branches
SYRACUSE — KeyBank’s plan to close as much as 5 percent of its nationwide branch network over the next 18 months isn’t likely to hit
Community Bank Q2 profit rises on loan growth
DeWITT — Loan growth helped push profit up more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU) Net
Pathfinder profit climbs 23 percent in second quarter
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up 23 percent from $587,000 a year
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up from $587,000 a year earlier. Earnings
Regulatory action on Beacon Federal has no effect on acquisition
SYRACUSE — A report from a federal regulator of unsafe banking practices at Beacon Federal has no effect on its pending acquisition by Berkshire Hills
New charter jet service coming to Rome in September
ROME — A Miami–based company plans to launch a new executive charter jet service flying from Rome’s Griffiss International Airport in September. Catalina Aerospace Corp.
NBT Bancorp profit dips nearly 10 percent in Q2
NORWICH — Profit fell almost 10 percent at NBT Bancorp, Inc. (NASDAQ: NBTB) in the second quarter as the banking company continued its growth strategy