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.
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
OSWEGO, N.Y. — Oswego Health says it had the system’s first robotically assisted surgery using…
JOHNSON CITY, N.Y. — Tioga State Bank (TSB) will open a new branch in Johnson…
UTICA, N.Y. — A report by the Oneida County Childcare Taskforce made a number of…
ITHACA, N.Y. — Cayuga Health System (CHS), based in Ithaca, and Cancer Resource Center of…
DeWITT, N.Y. — MACNY, the Manufacturers Association will use a $6 million federal grant to…
SYRACUSE, N.Y. — The Syracuse Housing Authority (SHA) and the City of Syracuse will use…