ITHACA — Acquisition costs of $8.4 million pushed profit lower at Tompkins Financial Corp. (NYSE Amex: TMP) in the third quarter.
The Ithaca–based banking company earned $3.5 million, or 25 cents a share, in the period, down from $7.9 million, or 71 cents a share, in the third quarter of 2011. Tompkins completed its acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. on Aug. 1 in an all-stock deal worth $86 million.
“The VIST acquisition represents our first expansion into the Pennsylvania market and we are very excited by the opportunity to leverage the full capabilities of the Tompkins business model in this attractive market,” Tompkins President and CEO Stephen Romaine said in a news release.
(Sponsored)
New York State Now Requires 30-Minute Paid Lactation Breaks
For the past year or so, New York employers have been adapting to the State law protections granting employees returning from childbirth leave the right to express breast milk at
You Filed Your 2022 Tax Returns, Now Let’s Look Ahead
Another busy tax filing season is behind us and with a return to normalcy this year, without significant processing delays at the Internal Revenue Service (IRS), we can look forward.
Tompkins Financial has $4.9 billion in assets with branches in the Central, Western, and Hudson Valley regions of New York and Southeastern Pennsylvania. The company also owns insurance and financial advising subsidiaries.
Contact Tampone at ktampone@cnybj.com