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M&T Bank credits changes for surge in its SBA-backed loans
SYRACUSE — M&T Bank is crediting several changes it made to its small-business lending model for the jump in its March loan-approval volume in the Syracuse district of the U.S. Small Business Administration (SBA). M&T Bank approved 49 SBA-backed loans in the agency’s (7a) program during March, which almost equaled the 51 such loans it […]
NBT profit rises nearly 4 percent in first quarter
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported net income of $18.9 million, or 43 cents a share, in the first quarter, up 4 percent from $18.2 million, or 41 cents, in the year-ago quarter on the strength of loan and deposit growth. “Our first quarter 2016 results demonstrate our strong financial performance and sustained
Community Bank Q1 profit, revenue rise on increased assets from Oneida Financial deal
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported net income of $24.4 million in the first quarter, up 9.4 percent from $22.3 million in the year-ago quarter, as it benefitted from the assets it acquired in its $158.5 million acquisition of Oneida Financial Corp. Earnings per share at Community Bank rose to 55 cents
M&T appoints René Jones to expanded role, names CFO successor
M&T Bank Corp. (NYSE: MTB) announced that Vice Chairman René F. Jones has taken on new managerial responsibilities, effective May 2. In addition to continuing oversight of the bank’s Treasury function and Wilmington Trust division, he adds two new business lines — mortgage and consumer lending. “As our chief financial officer, René has helped guide
Tompkins Financial declares quarterly dividend of 44 cents a share
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a quarterly cash dividend of 44
Three First Niagara directors to join KeyCorp board; acquisition expected to close in Q3
KeyCorp (NYSE: KEY) on Friday announced that three members of the First Niagara Financial Group (NASDAQ: FNFG) board will join its board of directors once
M&T announces expanded role for René Jones, names CFO successor
BUFFALO, N.Y. — M&T Bank Corp. (NYSE: MTB) announced today that Vice Chairman René F. Jones will take on new managerial responsibilities effective May 2.
Chemung Financial appoints Tully to board of directors
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that it has appointed Kevin B. Tully, of Saratoga Springs, to the boards of directors of
Shareholders vote to approve KeyCorp acquisition of First Niagara Financial Group
Shareholders of both companies on Wednesday voted to approve KeyCorp’s (NYSE: KEY) acquisition of First Niagara Financial Group (NASDAQ: FNFG). They approved the acquisition during
KeyBank to invest $16.5 billion in its markets to address acquisition concerns
CLEVELAND, Ohio — KeyBank has plans to invest $16.5 billion over the next five years in the communities it serves under its “national community-benefits plan.”
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