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Solvay Bank head to serve three years on N.Y. Fed board
SOLVAY — In some ways, Solvay Bank President and CEO Paul Mello’s role as a member of the Federal Reserve Bank of New York board of directors won’t be much different from serving on any other board. The directors oversee the bank’s performance, its officers, its policies, and risk procedures, he says. But of course, […]
Treasury report: Federal fund increased small business lending in N.Y.
New York banks have increased small business lending by $243.2 million since receiving capital through the federal government’s Small Business Lending Fund (SBLF), according to
N.Y. Fed president to speak in Syracuse
SYRACUSE — The president of the Federal Reserve Bank of New York will be in Syracuse on Thursday to speak on regional and national economic
Final approval received in First Niagara-HSBC deal
First Niagara Bank’s planned acquisition of 195 HSBC Bank branches has been approved by the Office of the Comptroller of the Currency. “We are very
Tompkins Financial announces new officer appointments
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) announced several changes in its senior leadership earlier this week. Frank Fetsko, currently executive vice president and
Profit falls 46 percent at Beacon Federal in Q4
DeWITT — Profit at Beacon Federal Bancorp (NASDAQ: BFED) fell more than 46 percent in the fourth quarter to $763,000, or 13 cents a share.
Tompkins Financial prices stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) will offer 875,000 shares of its common stock for $40 each. The banking company expects to raise
Tompkins Financial announces stock offering
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) is planning a $30 million stock offering. The banking company plans to use the proceeds for working
First Niagara adds indirect auto lending to portfolio
First Niagara Financial Group (NASDAQ: FNFG) is jumping into the indirect auto lending business. The Buffalo–based banking company said today it will provide a variety
M&T survey finds optimism on economy
Upticks in employment growth and output in late 2011 make the ongoing economic recovery appear more sustainable, according to M&T Bank’s new Economic Outlook Survey.
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