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Insurance & Financial Services
New York licenses first mutual bond insurer for U.S. municipal market
The New York State Department of Financial Services has licensed the first mutual bond insurer to operate in the municipal market in the United States,
Income falls at Tompkins Financial on merger costs
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) earned $8.8 million in the second quarter, down 6.1 percent from a year earlier. Earnings per share
Texas company to acquire five Upstate television stations
Irving, Texas–based Nexstar Broadcasting Group, Inc. (NASDAQ: NXST) plans to acquire television stations serving the Syracuse, Binghamton, Elmira, and Watertown markets as part of a
Regulator finds ‘unsafe’ practices at Beacon Federal
SYRACUSE — The federal Office of the Comptroller of the Currency (OCC) found unsafe banking practices related to asset quality and risk management at DeWitt–based
Tops to acquire 21 stores from GU Markets
Tops Friendly Markets has agreed to acquire 21 supermarkets in upstate New York and Vermont in a transaction expected to close by fall of this
Shareholders OK Tompkins-VIST deal
ITHACA — Shareholders this week approved the planned acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. by Ithaca–based Tompkins Financial Corp. (NYSE Amex:
Most New York voters support implementing federal health-care reform
New York voters who support implementing the federal health-care reform law outnumber voters who back repealing it, according to a Siena (College) Research Institute (SRI)
Workers’ compensation premium rates to decrease
New York employers’ workers’ compensation premium rates are set to fall for the first time since 2008, the state said today. Policyholders’ premiums will drop
Colgate reps ring NYSE opening bell
HAMILTON — The president of Colgate University and other representatives from the school rang the opening bell today at the New York Stock Exchange. University
SCHENECTADY — MVP Health Care President and CEO David Oliker plans to retire in early 2013, the company said today. Oliker informed MVP’s board of
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