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Banks & Credit Unions
New York credit unions expand in first half of 2012
New York credit unions showed signs of growth through this year’s second quarter in members, loans, savings, and assets. Membership grew 3.7 percent since June
NBT-Alliance deal driven by the need to grow
SYRACUSE — Leaders at Alliance Financial Corp. (NASDAQ: ALNC) didn’t decide to sell their banking company because it was buried by bad lending decisions or mortgage-backed securities. In fact, Alliance’s balance sheet is “pristine,” said Martin Dietrich, president and CEO of NBT Bancorp, Inc. (NASDAQ: NBTB), which announced plans to acquire Syracuse–based Alliance Financial on
SYRACUSE — NBT Bancorp, Inc. (NASDAQ: NBTB) plans to acquire Syracuse–based Alliance Financial Corp. (NASDAQ: ALNC) in a deal worth more than $233 million. The
New treasurer takes over at First Niagara
First Niagara Financial Group, Inc. (NASDAQ: FNFG) named a new treasurer Thursday. Jeffrey Maddigan, who has been with the banking company for 19 years, assumed
Pathfinder declares Q3 dividend
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, declared a dividend of 3 cents a share for the third quarter. The
M&T mid-market survey finds both pessimism and optimism
Many mid-market company leaders continue to feel positive about the prospects for their own businesses, despite ongoing pessimism on the national economy, according to a new survey from M&T Bank. One in five of middle-market respondents in the survey said they expect U.S. economic growth to speed up in the next six months, down from
New KeyBank branch opens in Manlius
MANLIUS — KeyBank opened a new branch in Manlius this week. The 3,900-square-foot office, at 7670 Highbridge Road, features four teller stations, five private offices,
Berkshire Hills to raise $75 million
Berkshire Hills Bancorp, Inc. plans to raise capital for its pending acquisition of DeWitt–based Beacon Federal Bancorp. Berkshire Hills (NASDAQ: BHLB) entered a subscription agreement
M&T outstrips pledge to ramp up small-business lending
M&T Bank exceeded a promise it made last year to boost small-business lending, it said today. The Buffalo–based bank increased small-business lending by $196 million
Empower begins work on new headquarters in Salina
SALINA — Empower Federal Credit Union began work last month on a new headquarters that will bring together staff members now spread across three offices. The new headquarters, which will be located the former B.G. Sulzle plant in Salina, will house departments like information technology, the credit union’s call center, and loan operations, says Rich Nave,
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