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NBT profit dips in 4th quarter, but annual net income rises
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out 2011 with the second-highest annual earnings in the company’s history, but saw its earnings slip in the fourth quarter. For the fourth quarter of 2011, NBT reported net income of $13.7 million, or 41 cents per share, down 4.9 percent from $14.4 million, or 42 cents, […]
Tompkins Financial makes push into SE Pennsylvania market
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) has some specific qualities it looks for in acquisitions, President and CEO Stephen Romaine says. “Things that are five or 10 years, short-lived, or things that are white hot,” Romaine explains. “Those are things that are not really on our radar screen.” Instead, the Ithaca–based banking company
First Niagara plans pause in acquisitions
First Niagara Financial Group, Inc. (NASDAQ: FNFG) plans to slow down its recent run of acquisitions and focus on running its business more effectively and efficiently. “It’s time for us to hit the pause button on M&A and ensure we deliver on the promise,” President and CEO John Koelmel said during a Jan. 26 conference
Oneida Financial Q4 profit rises nearly 11 percent
ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC), parent company of Oneida Savings Bank, reported that its fourth-quarter profit rose almost 11 percent as net interest
Profit at Alliance unchanged in Q4, earnings rise in 2011
SYRACUSE – Alliance Financial Corp. (NASDAQ: ALNC) earned $2.8 million in the fourth quarter, unchanged from a year earlier. Earnings per share in the period
NBT profit slips in 4th quarter, but annual net income rises
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out 2011 with the second-highest annual earnings in the company’s history, but saw its earnings slip in the fourth quarter. For the fourth quarter of 2011, NBT reported net income of $13.7 million, or 41 cents per share, down 4.9 percent from $14.4 million, or 42 cents,
M&T profit slips in 4th quarter
A combination of one-time items helped push profit down at M&T Bank Corp. (NYSE: MTB) in the fourth quarter, but full-year earnings for 2011 rose more than 16 percent. Buffalo–based M&T earned $148 million, or $1.04 per share, in the fourth quarter, down from $204 million, or $1.59 per share, a year earlier. For the
HSBC, First Niagara deal is ‘attractive,’ CEO says
DeWITT — The addition of 19 branches from HSBC and First Niagara Financial Group, Inc. will strengthen core upstate New York markets for Community Bank System, Inc. (NYSE: CBU), the company’s CEO said. DeWitt–based Community Bank System announced plans Jan. 20 to acquire the 19 branches for a deposit premium of 3.22 percent. The deal,
New branches to boost Key in upstate New York
The acquisition of 37 HSBC branches in the Buffalo and Rochester areas will strengthen KeyBank’s business in upstate New York, KeyCorp (NYSE: KEY) Chairwoman and CEO Beth Mooney said in a conference call Jan. 24. Increasing market share and its physical presence in markets over time helps the bank add new clients, increase revenue, and enhances its
Tompkins Financial plans Pa. acquisition
ITHACA — A Ithaca–based banking company is expanding into Pennsylvania with an acquisition. Tompkins Financial Corp. (NYSE Amex: TMP) announced plans today to acquire VIST
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