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Peoples Financial profit jumps in first quarter
HALLSTEAD, Pa. — Peoples Financial Services Corp., (OTCBB: PFIS), the parent company of Peoples Neighborhood Bank, reported that net income rose 34.5 percent to $2.4
Income, earnings rise at Chemung Financial
ELMIRA — Last April’s acquisition of Fort Orange Financial Corp., along with several other factors, boosted first-quarter net income and earnings per share at Chemung
Interest income pushes profit higher at Pathfinder
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC) earned $529,000, or 16 cents a share, in the first quarter, up from $426,000, or 12 cents a
Berkshire Hills’ Q1 profit rises, boosted by Rome acquisition
PITTSFIELD, Mass. — Nearly a year after Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) closed on the acquisition of Rome Bancorp, the deal continues to boost
NORWICH — Profit fell slightly in the first quarter at NBT Bancorp (NASDAQ: NBTB), but the good news outweighs the bad at the Norwich–based banking
Oneida Financial profit rises almost 42 percent
ONEIDA — Across-the-board increases in interest income, non interest income, and investment gains, coupled with a decreased provision for loan losses, produced a strong first
Wilmington acquisition is paying off for M&T in CNY
SYRACUSE — M&T Bank Corp.’s acquisition last year of Wilmington Trust Corp. (NYSE: WL) of Delaware was the second largest in M&T’s history. It brought the Buffalo–based banking company 55 new branches and $10.7 billion in new assets. The $351 million stock deal, which closed in May 2011, is paying dividends for the bank in
M&T CEO details importance of small business to the economy
Small businesses remain a key piece of the U.S. economy, but they are struggling to create as many jobs as they have in the past, M&T Bank Corp (NYSE: MTB) Chairman and CEO Robert Wilmers said. Wilmers focused his April 17 annual message to M&T shareholders on the importance of small businesses and some of
Credit unions to face new rules on troubled loans
The National Credit Union Administration (NCUA) has proposed new rules that deal with how credit unions handle members’ troubled loans. The new regulations, which have yet to be adopted, stem largely from the economic downturn of recent years, says Michael Carter, director of compliance at the Credit Union Association of New York. During the recession,
First Niagara posts strong commercial-loan growth
Some new business areas should help drive continued growth at First Niagara Financial Group, Inc. (NASDAQ: FNFG), executives said recently. The Buffalo–based banking company recently added indirect auto lending to its suite of services and hired 40 new small-business bankers. First Niagara is seeing some growth in loan demand as business leaders are expecting better
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