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Greek Peak files for bankruptcy protection
VIRGIL — Greek Peak Mountain Resort is seeking Chapter 11 bankruptcy protection as it continues its search for a lender to replace the shuttered Tennessee
First Niagara swings to loss with HSBC acquisition costs
First Niagara Financial Group, Inc. (NASDAQ: FNFG) posted a loss during the second quarter thanks mainly to the costs associated with its acquisition of HSBC’s
Oneida Financial profit rises 12 percent, led by rising non-banking revenue
ONEIDA — Net income rose 12 percent in the second quarter at Oneida Financial Corp. (NASDAQ: ONFC), driven primarily by rising fee and commission income
Tompkins Financial completes Pennsylvania acquisition
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) closed its acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. on Aug. 1 and Tompkins’ leader says the banking company’s top priority moving ahead is clear. “Our job one is to get this right,” Tompkins Financial President and CEO Stephen Romaine says. “We need to
Acquiring HSBC branches helps Community Bank build “density”
DeWITT — The addition of 16 HSBC branches across Western, Central, and Northern New York will help Community Bank System, Inc. (NYSE: CBU) grow in markets where it already has a strong foothold, the company’s CFO says. DeWitt–based Community Bank completed its acquisition of the locations in July. All the branches are in markets where
First Niagara absorbs loss on HSBC acquisition costs
After completing four acquisitions in three years and pushing into new geographies, First Niagara Financial Group, Inc. (NASDAQ: FNFG) plans to focus on running the business it has as well as possible. “We’re now equally excited to be in execution mode,” First Niagara President and CEO John Koelmel said during a July 27 conference call
M&T Q2 profit dips; bank expects no further merger expenses
M&T Bank Corp. (NYSE: MTB) earned $233 million in the second quarter, down 28 percent from the same period in 2011. Last year’s second-quarter results included $67 million in gains from investment sales as M&T repositioned its balance sheet after its May 2011 acquisition of Wilmington Trust Corp. The second quarter of 2011 also included
KeyBank plans to shutter up to 5 percent of its branches
SYRACUSE — KeyBank’s plan to close as much as 5 percent of its nationwide branch network over the next 18 months isn’t likely to hit Central New York too hard, the bank’s local leader says. The branch closings will probably have an “incremental” impact locally, says Stephen Fournier, president of KeyBank’s Central New York district.
Community Bank Q2 profit rises on loan growth
DeWITT — Loan growth helped push profit up more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU) Net income at the banking company totaled $21.1 million, or 53 cents a share, for the period, up from $18 million, or 49 cents a share, a year earlier. Total loans
Income moves higher at Community Bank System
DeWITT — Profit jumped more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU). Net income at the banking
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