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Community Bank completes acquisition of HSBC locations
DeWITT — Community Bank has completed its acquisition of 16 HSBC branches across Western, Central, and Northern New York. The locations opened today as Community
Profit slips at Alliance Financial in Q2
SYRACUSE — The ongoing low interest rate environment pushed profit lower at Alliance Financial Corp. (NASDAQ: ALNC) in the second quarter, despite growth in the
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
Pathfinder profit climbs 23 percent in second quarter
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up 23 percent from $587,000 a year earlier. Earnings per share for the period totaled 24 cents, up from 19 cents in the second quarter of 2011. Rising net interest income and a lower loan-loss provision helped
Tompkins Financial wraps up VIST deal
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) closed its acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. on Wednesday. Tompkins, based in
Profit dips more than 6 percent at Chemung Financial
ELMIRA — Chemung Financial Corp. earned more than $2.4 million in the second quarter, down 6.7 percent from a year earlier. Earnings per share for
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up from $587,000 a year earlier. Earnings
Regulatory action on Beacon Federal has no effect on acquisition
SYRACUSE — A report from a federal regulator of unsafe banking practices at Beacon Federal has no effect on its pending acquisition by Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB), according to both banks. DeWitt–based Beacon Federal and the federal Office of the Comptroller of the Currency (OCC) signed an agreement earlier this month outlining the
NBT Bancorp profit dips nearly 10 percent in Q2
NORWICH — Profit fell almost 10 percent at NBT Bancorp, Inc. (NASDAQ: NBTB) in the second quarter as the banking company continued its growth strategy through mergers and acquisitions. NBT reported second-quarter net income of $13.3 million, down by $1.4 million, or 9.5 percent, from the year-ago period. Earnings per share (EPS) fell to 40
Second-quarter earnings slip at Peoples
HALLSTEAD, Pa. — Second-quarter profit dipped slightly at Peoples Financial Services Corp. (OTCBB: PFIS) as it no longer benefitted from gains it saw in 2011
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