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M&T Q2 profit dips; bank expects no further merger expenses
M&T Bank Corp. (NYSE: MTB) earned $233 million in the second quarter, down 28 percent from the same period in 2011. Last year’s second-quarter results included $67 million in gains from investment sales as M&T repositioned its balance sheet after its May 2011 acquisition of Wilmington Trust Corp. The second quarter of 2011 also included […]
KeyBank plans to shutter up to 5 percent of its branches
SYRACUSE — KeyBank’s plan to close as much as 5 percent of its nationwide branch network over the next 18 months isn’t likely to hit Central New York too hard, the bank’s local leader says. The branch closings will probably have an “incremental” impact locally, says Stephen Fournier, president of KeyBank’s Central New York district.
Community Bank Q2 profit rises on loan growth
DeWITT — Loan growth helped push profit up more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU) Net income at the banking company totaled $21.1 million, or 53 cents a share, for the period, up from $18 million, or 49 cents a share, a year earlier. Total loans
Dereszynski returns to lead Brown & Brown Empire State
SYRACUSE — Brown & Brown Empire State reintroduced Nick Dereszynski as its president this morning, marking his return after a year in Seattle. Dereszynski, who
Income moves higher at Community Bank System
DeWITT — Profit jumped more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU). Net income at the banking
Community Bank completes acquisition of HSBC locations
DeWITT — Community Bank has completed its acquisition of 16 HSBC branches across Western, Central, and Northern New York. The locations opened today as Community
Profit slips at Alliance Financial in Q2
SYRACUSE — The ongoing low interest rate environment pushed profit lower at Alliance Financial Corp. (NASDAQ: ALNC) in the second quarter, despite growth in the
M&T Bank Corp. (NYSE: MTB) earned $233 million in the second quarter, down 28 percent from the same period in 2011. Last year’s second quarter
Pathfinder profit climbs 23 percent in second quarter
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up 23 percent from $587,000 a year earlier. Earnings per share for the period totaled 24 cents, up from 19 cents in the second quarter of 2011. Rising net interest income and a lower loan-loss provision helped
Tompkins Financial wraps up VIST deal
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) closed its acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. on Wednesday. Tompkins, based in
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