Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
NBT Bancorp Q3 profit slips as merger costs rise
NORWICH — NBT Bancorp, Inc., (NASDAQ: NBTB), which last month announced plans to acquire Alliance Financial Corp. (NASDAQ: ALNC), reported an earnings dip in the
Chemung Financial profit slips in Q3 but up year to date
ELMIRA — Chemung Financial Corp. (ticker: CHMG) reported that its third-quarter net income fell in spite of the banking company’s expansion into the Albany market
Elmira Savings Bank Q3 net income rises 6 percent
ELMIRA — Elmira Savings Bank (ticker: ESBK) reported net income of $1.4 million, or 44 cents per share, in the third quarter, up from $1.3
Credit unions move toward video teller machines
Technology is pushing banks and credit unions into new territory, including the use of video teller machines. In a legal opinion, the National Credit Union
Ex-Im Bank official returns to Syracuse
SYRACUSE — Central New York could be importing a new source of financing for small and medium companies after a federal official’s recent visit. Wanda
Community Bank profit falls on acquisition costs
DeWITT — Third-quarter profit slipped 8 percent at DeWitt–based Community Bank System, Inc. (NYSE: CBU) to $18.4 million, or 46 cents a share. Acquisition costs
First Niagara job cuts mostly spare Central New York
Job cuts announced in October at First Niagara Financial Group, Inc. (NASDAQ: FNFG) eliminated just a few positions in Central New York. The Buffalo–based banking
KeyCorp continues cost-cutting efforts
KeyCorp (NYSE: KEY) remains on track to cut $150 million to $200 million in annual expenses by December 2013. The Cleveland–based banking company’s plans include
HSBC names new new head of corporate banking for Upstate
HSBC’s remaining businesses in upstate New York lost a major signpost when the bank sold its retail branch network in the region earlier this year.
Higher mortgage-banking revenue, more net interest income, and a lower provision for loan losses drove profit higher at M&T Bank Corp. (NYSE: MTB) in the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.