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Berkshire Hills’ Q1 profit rises, boosted by Rome acquisition
PITTSFIELD, Mass. — Nearly a year after Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) closed on the acquisition of Rome Bancorp, the deal continues to boost
NORWICH — Profit fell slightly in the first quarter at NBT Bancorp (NASDAQ: NBTB), but the good news outweighs the bad at the Norwich–based banking
Oneida Financial profit rises almost 42 percent
ONEIDA — Across-the-board increases in interest income, non interest income, and investment gains, coupled with a decreased provision for loan losses, produced a strong first
BCI invests in new equipment for Empire State Container
DeWITT — Buckeye Corrugated, Inc. (BCI) has packed Empire State Container with new equipment since acquiring the DeWitt box manufacturer in July. “They got right to work as soon as they got in here,” says Empire State Container Division President James Trombino, who had been the company’s CEO and co-owner before BCI purchased it. “They’ve
St. Joe’s expansion is ‘latest and greatest,’ NY health commissioner says
SYRACUSE — A new expansion at St. Joseph’s Hospital Health Center will incorporate recent advances in hospital design, according to the commissioner of the New York State Department of Health. “What they’re building here takes advantage of all the latest and greatest finds of how to build smartly in a health-care setting,” says Dr. Nirav
OnRoute Digital launches mobile-marketing product
SYRACUSE — A new Syracuse company has launched a software platform for mobile marketing that its leaders intend to spread around the country and the world. Co-founders Noel Bonk and Shane Bogardus began working on the company, OnRoute Digital Media, LLC, three years ago. They first met while working together on a project for Bonk’s
Wilmington acquisition is paying off for M&T in CNY
SYRACUSE — M&T Bank Corp.’s acquisition last year of Wilmington Trust Corp. (NYSE: WL) of Delaware was the second largest in M&T’s history. It brought the Buffalo–based banking company 55 new branches and $10.7 billion in new assets. The $351 million stock deal, which closed in May 2011, is paying dividends for the bank in
M&T CEO details importance of small business to the economy
Small businesses remain a key piece of the U.S. economy, but they are struggling to create as many jobs as they have in the past, M&T Bank Corp (NYSE: MTB) Chairman and CEO Robert Wilmers said. Wilmers focused his April 17 annual message to M&T shareholders on the importance of small businesses and some of
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
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