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Beacon Federal profit plunges 61 percent in Q2
DeWITT — Net income at Beacon Federal Bancorp, Inc. (NASDAQ: BFED) plummeted almost 61 percent in the second quarter that ended June 30. The banking company, which is based in DeWitt and in the process of being acquired by a larger bank, posted a profit of $666,000, or 11 cents per share. That’s down from […]
Alliance Financial increases dividend from previous quarter
SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC) of Syracuse increased its quarterly dividend 3.2 percent to 32 cents a share. The dividend will be payable
M&T expands with N.J. acquisition
M&T Bank Corp. (NYSE: MTB) announced plans today to acquire Paramus, N.J.–based Hudson City Bancorp, Inc. (NASDAQ: HCBK) and its 135 branches in New Jersey,
Community Bank raises dividend
DeWITT — Community Bank System, Inc. (NYSE: CBU) has increased its quarterly dividend 3.8 percent. The DeWitt–based banking company said Thursday it will pay a
Chemung Financial to pay dividend
ELMIRA — Chemung Financial Corp. will pay a cash dividend of 25 cents per share on Oct. 1 to shareholders of record as of Sept.
Chemung Financial profit dips 7 percent in 2nd quarter
ELMIRA — Chemung Financial Corporation (ticker: CHMG) reported net income of $2.4 million, or 53 cents a share, in the second quarter, down 7 percent from
Elmira Savings profit up 4 percent in second quarter
ELMIRA — Steady mortgage and consumer-loan activity helped Elmira Savings Bank (NASDAQ: ESBK) produce a 4 percent increase in net income in the second quarter,
Financial Quarterly Investment Panel
Editor’s Note: The Investment Panel feature appears regularly in our Financial Quarterly publication, spotlighting area investment professionals and their views on the markets and investments. In this issue, we chat with Jim Burns and John Lombardo. We interviewed them separately via telephone, but asked the same questions. James (Jim) Burns, president of J.W. Burns
Beacon acquisition makes Berkshire Hills a player in Central New York
Editor’s Note: The Newsmaker Interview portion of Financial Quarterly features a conversation with a CEO of a major Central New York business every quarter. The story discusses key financial issues affecting the newsmaker’s company and industry. By Kevin Tampone Journal Staff DeWITT — A new bank is moving into the region in a
Oswego County FCU to build new branch office
OSWEGO — Oswego County Federal Credit Union (OCFCU) recently announced that it is proceeding with construction of a new office on the corner of East
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