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DFS orders forced-placed insurers to propose new rates
Forced-placed insurers operating in New York have less than a month to propose new premium rates after a state Department of Financial Services (DFS) investigation
Solvay Bank expanding headquarters
SOLVAY — Solvay Bank is expanding its headquarters to provide room for future growth. The 17,000-square-foot expansion to the bank’s headquarters at 1537 Milton Ave.
SBA loans available following spring freeze disaster declaration
The U.S. Small Business Administration (SBA) has opened federal economic injury disaster loans to Upstate businesses and nonprofit organizations following a federal declaration of natural
NBT completes First Hampshire merger
NORWICH — NBT Bank, N.A. wrapped up its merger with New Hampshire–based Hampshire First Bank on Friday, making Hampshire First a division of NBT Bank.
Beacon deal expands Berkshire’s reach into CNY banking market
Berkshire Hills Bancorp, Inc.’s recently announced acquisition of Beacon Federal Bancorp, Inc. moves the Massachusetts–based banking company firmly into the Central New York market at a time when some larger competitors are focusing elsewhere. Berkshire Hills Bancorp (NASDAQ: BHLB), parent company of Berkshire Bank, announced May 31 that it will acquire Beacon Federal (NASDAQ: BFED)
Berkshire Hills to acquire Beacon Federal for $132 million
EAST SYRACUSE — Massachusetts–based Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB), parent of Berkshire Bank, announced Thursday evening that it will acquire Beacon Federal Bancorp, Inc.
Alliance Financial declares quarterly dividend of 31 cents a share
SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC), the holding company for Alliance Bank, N.A., has declared a quarterly dividend of 31 cents per common share. The dividend is payable
Comptroller’s report details state’s ongoing struggles
Although New York regained 95 percent of the jobs lost during the recession in the past two years, some regions continue to struggle and the
First Niagara completes HSBC conversion
HSBC branches across upstate New York reopened this morning for the first time as First Niagara Bank locations. Buffalo–based First Niagara closed its acquisition of
Alternatives to host author at annual meeting
ITHACA — Alternatives Federal Credit Union will host author Michael Shuman as the featured speaker for its annual meeting June 5. The meeting, open to
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