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KeyCorp, First Niagara CEOs discuss Key’s pending $4B acquisition
SYRACUSE — It’s a deal that helps KeyBank grow in upstate New York and helps First Niagara become the “digitally progressive, full-fledged commercial bank” that it wants to be. Those are the views of Beth Mooney, chairman and CEO of KeyCorp, and Gary Crosby, president and CEO of First Niagara Financial Group. KeyCorp […]
Solvay Bank third-quarter profit rises 4 percent
SOLVAY, N.Y. — Solvay Bank Corp., holding company for Solvay Bank, announced that its net income for the third quarter rose 4.4 percent to $5.1
Tompkins Financial boosts quarterly dividend by 5 percent
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced that its board of directors has increased its regular quarterly cash dividend to 44 cents per
Chemung Financial posts Q3 profit of nearly $2.5 million
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, reported net income of $2.45 million, or 52 cents a
KeyCorp to acquire First Niagara Financial Group in $4 billion deal
KeyCorp (NYSE: KEY) has agreed to acquire First Niagara Financial Group Inc. (NASDAQ: FNFG) in a cash and stock transaction valued at about $4.1 billion.
Oswego County FCU to open new branch in Fulton early next year
FULTON — Oswego County Federal Credit Union (OCFCU) has announced plans to open a new branch office in Fulton. OCFCU expects to open the branch at 707 S. 4th St. (Rt. 481) in early 2016, William Carhart, CEO, said in a news release issued Oct. 23. The location has two drive-thru lanes and
NBT Bank hires Thomas to manage Tully office
TULLY, N.Y. — NBT Bank has announced the hiring of Michael Thomas as branch manager of the bank’s Tully office. In this position, he has responsibility
NY Green Bank awards $4 million to a downstate firm with projects in CNY
The NY Green Bank has awarded a Brooklyn–based company $4 million in revolving construction loans for wind-energy projects throughout Central and Western New York. The
M&T Bank declares quarterly dividend of 70 cents a share
BUFFALO, N.Y — M&T Bank Corp. (NYSE: MTB), Central New York’s largest bank ranked by deposit market share, has declared a quarterly cash dividend of
JPMorgan Chase earnings miss analysts’ estimates, stock falls
JPM Morgan Chase & Co. (NYSE: JPM), the largest U.S. bank, reported a profit of $6.8 billion in the third quarter, up 22 percent from
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