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CPC closes on $9 million loan to transform former mill building in Frankin Square
SYRACUSE — The Community Preservation Corporation (CPC) has closed on a $9 million Freddie Mac loan for Franklin View Apartments, a former mill building that was transformed into a mixed-use complex of rental apartments and office/warehouse space. Located at 717 N. Clinton St. in the Lakefront area of Franklin Square, the complex is comprised of […]
Brand-Yourself named a finalist for SXSW event
SYRACUSE — Syracuse–based startup Brand-Yourself is one of 56 finalists in the fourth annual SXSW Accelerator program.Accelerator is part of the SXSW Interactive Festival, the technology focused piece of the sprawling annual SXSW event, which also covers film and music. The events will all take place in March in Austin, Texas.The Accelerator companies will present
M&T profit slips in 4th quarter
A combination of one-time items helped push profit down at M&T Bank Corp. (NYSE: MTB) in the fourth quarter, but full-year earnings for 2011 rose more than 16 percent. Buffalo–based M&T earned $148 million, or $1.04 per share, in the fourth quarter, down from $204 million, or $1.59 per share, a year earlier. For the
HSBC, First Niagara deal is ‘attractive,’ CEO says
DeWITT — The addition of 19 branches from HSBC and First Niagara Financial Group, Inc. will strengthen core upstate New York markets for Community Bank System, Inc. (NYSE: CBU), the company’s CEO said. DeWitt–based Community Bank System announced plans Jan. 20 to acquire the 19 branches for a deposit premium of 3.22 percent. The deal,
New branches to boost Key in upstate New York
The acquisition of 37 HSBC branches in the Buffalo and Rochester areas will strengthen KeyBank’s business in upstate New York, KeyCorp (NYSE: KEY) Chairwoman and CEO Beth Mooney said in a conference call Jan. 24. Increasing market share and its physical presence in markets over time helps the bank add new clients, increase revenue, and enhances its
ShoreGroup to expand in Onondaga County
SYRACUSE – ShoreGroup, Inc., a New York City-based information-technology company, plans to create 200 jobs new jobs in Onondaga County by the end of 2016.
Tompkins Financial plans Pa. acquisition
ITHACA — A Ithaca–based banking company is expanding into Pennsylvania with an acquisition. Tompkins Financial Corp. (NYSE Amex: TMP) announced plans today to acquire VIST
Profit tumbles more than 74 percent at Anaren
DeWITT — Profit at Anaren, Inc. (NASDAQ: ANEN) slumped nearly 75 percent in the company’s fiscal second quarter to $1.2 million, or 8 cents a
Auburn Memorial Hospital talking partnership with Rochester General Health System
AUBURN — Auburn Memorial Hospital is considering an affiliation with Rochester General Health System. The hospital and health system are starting talks to try to
First Niagara profit rises 27 percent in fourth quarter
First Niagara Financial Group (NASDAQ: FNFG) earned $58.5 million in the fourth quarter, up more than 27 percent from a year earlier. Earnings per share
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