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Regulatory action on Beacon Federal has no effect on acquisition

SYRACUSE — A report from a federal regulator of unsafe banking practices at Beacon Federal has no effect on its pending acquisition by Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB), according to both banks. DeWitt–based Beacon Federal and the federal Office of the Comptroller of the Currency (OCC) signed an agreement earlier this month outlining the […]

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NBT Bancorp profit dips nearly 10 percent in Q2

NORWICH — Profit fell almost 10 percent at NBT Bancorp, Inc. (NASDAQ: NBTB) in the second quarter as the banking company continued its growth strategy through mergers and acquisitions. NBT reported second-quarter net income of $13.3 million, down by $1.4 million, or 9.5 percent, from the year-ago period. Earnings per share (EPS) fell to 40

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