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Solvay Bank expands HQ to facilitate growth
SOLVAY — Recent growth has sparked an expansion of Solvay Bank’s headquarters at 1537 Milton Ave. The bank is constructing a two-story, 17,000-square-foot addition to
Koelmel approved as NYPA chairman
First Niagara Financial Group President and CEO John Koelmel is the new chairman of the New York Power Authority (NYPA). The authority’s trustees chose Koelmel
Tompkins Financial moves to settle lawsuits
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) said Friday it has taken steps toward settling two lawsuits that were filed in connection with its
Key on track to close deal for HSBC branches
KeyBank remains on track to acquire 37 HSBC branches in the Buffalo and Rochester markets in July. The deal should close July 13, according to Key. The bank will acquire 26 branches in the Buffalo area and 11 in the Rochester market. The acquisition will bring $2.4 billion in deposits and $400 million in loans.
NBT completes Hampshire First merger
NORWICH — NBT Bank, N.A. wrapped up its merger with New Hampshire–based Hampshire First Bank June 8, making Hampshire First a division of NBT Bank
NY follows national trends on debt, according to Fed data
Residents of New York State weren’t immune to national trends when it came to handling debt at the beginning of this year, a recent report from the Federal Reserve Bank of New York shows. The New York Fed’s Quarterly Report on Household Debt and Credit, released May 31, found that the total debt balance for
Assembly bill would criminalize foreclosure abuse
New legislation pending in the New York State Assembly would set criminal penalties for foreclosure abuses such as robo-signing. The legislation, titled the Foreclosure Fraud
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
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