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Banks & Credit Unions
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
Net income from continuing operations attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $199 million, or 21 cents per share, in the first quarter. That’s up from $184 million, or 21 cents per share, in the first quarter of 2011. Key, based in Cleveland, has more than 1,000 branches in 14 states and assets
Community Bank Q1 profit rises more than 16 percent
DeWITT — Profit at Community Bank System, Inc. (NYSE: CBU) rose 16.5 percent in the first quarter to $18.8 million, or 48 cents per share. Earnings per share would have been 2 cents higher, but the company completed a common stock offering in January that netted $54.9 million. The offering was in support of Community
Q1 profit moves higher at Community Bank System
DeWITT — Profit at Community Bank System, Inc. (NYSE: CBU) rose 16.5 percent in the first quarter to $18.8 million, or 48 cents per share.
Earnings improve at Berkshire Hills
Nearly a year after Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) closed on the acquisition of Rome Bancorp, the deal continues to boost earnings for the
Weak economy pushes earnings down at Tompkins Financial
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) earned $7.8 million in the first quarter, down 11 percent from a year earlier. Earnings per share
NORWICH — Income was down slightly in the first quarter at NBT Bancorp (NASDAQ: NBTB), but the good news far outweighs the bad at the
Key Q1 net income moves higher
Net income from continuing operations attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $199 million, or 21 cents per share, in the first quarter.
Net income available to common shareholders at First Niagara Financial Group, Inc. (NASDAQ: FNFG) totaled $54.8 million in the first quarter, up from $44.9 million
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