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NBT profit dips in 4th quarter, but annual net income rises
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out 2011 with the second-highest annual earnings in the company’s history, but saw its earnings slip in the fourth quarter. For the fourth quarter of 2011, NBT reported net income of $13.7 million, or 41 cents per share, down 4.9 percent from $14.4 million, or 42 cents, […]
NBT profit slips in 4th quarter, but annual net income rises
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out 2011 with the second-highest annual earnings in the company’s history, but saw its earnings slip in the fourth quarter. For the fourth quarter of 2011, NBT reported net income of $13.7 million, or 41 cents per share, down 4.9 percent from $14.4 million, or 42 cents,
Coughlin & Gerhart opens consolidated Bainbridge office
BAINBRIDGE — Coughlin & Gerhart, L.L.P. has combined its Afton and Unadilla branches into one new location at 29 N. Main St. in Bainbridge in the former offices of attorney David DeClue. The new centrally located office will better serve clients in the tri-town area, company officials said in a news release, announcing the change.
New Ithaca-area BJ’s Wholesale Club opens
LANSING — BJ’s Wholesale Club, Inc. has opened a new Ithaca-area location in the village of Lansing. The store, which is 85,000 square feet, is
Speedy Awards relocates to Crossroads Plaza
NEW HARTFORD — Speedy Awards & Engraving, Inc. has a new home and plans to add some new products as the company’s owners work to continue the growth they generated in 2011. Speedy co-owners Anthony (Tony) and Lyn Taurisano, who are brother and sister, found out in September they would need to find a new
PAR completes sale of logistics-management subsidiary
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) completed the asset sale of its PAR Logistics Management Systems (PAR LMS) subsidiary to ORBCOMM, Inc. (NASDAQ: ORBC) on Jan. 12. The sale is valued at about $6 million in cash and ORBCOMM common stock, with the potential for an additional earn-out of $4 million. “We are
CVI takes over Sheltered Workshop services
BINGHAMTON — Johnson City–based Country Valley Industries (CVI) has taken over as service and contract provider for Sheltered Workshop’s location at 203 Court St. in Binghamton. “They were a long-standing organization that provided services to the same population we service,” says David Markie, vice president at CVI. When Sheltered Workshop decided not to continue services,
Q4 consumer confidence falls in Syracuse, rises in Utica and Binghamton
Consumer confidence dropped in Syracuse in the fourth quarter of 2011, diverging from rising confidence levels in most of the state’s other cities — including
Finger Lakes Technologies pushes into new territory
Finger Lakes Technologies Group (FLTG) has finished a more than 30-mile extension of its fiber network into the Elmira area and now has its sights set on more expansion east, west, and south. The extension into the Southern Tier is a joint venture with Empire Telephone of Prattsburgh. The new entity is known as FLTG South with
Sovena USA hopes certification leads to growth
ROME — Olive-oil importer and bottler Sovena USA ended 2011 on a high note by becoming the first U.S. laboratory to be certified for chemical testing of olive oil by the International Olive Council (IOC). The new certification positions the company to reassure buyers and consumers that its oils meet globally accepted standards for olive
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