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KeyBank plans to shutter up to 5 percent of its branches

SYRACUSE — KeyBank’s plan to close as much as 5 percent of its nationwide branch network over the next 18 months isn’t likely to hit Central New York too hard, the bank’s local leader says. The branch closings will probably have an “incremental” impact locally, says Stephen Fournier, president of KeyBank’s Central New York district. […]

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Community Bank Q2 profit rises on loan growth

DeWITT — Loan growth helped push profit up more than 17 percent in the second quarter at DeWitt–based Community Bank System, Inc. (NYSE: CBU) Net income at the banking company totaled $21.1 million, or 53 cents a share, for the period, up from $18 million, or 49 cents a share, a year earlier. Total loans

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Somebody Else Built My Business

It was years ago when my wife and I were having dinner with cousin Shelly. At some point, the conversation turned to the economy and the role of business. Shelly informed me that America was built on the back of government and the faithful bureaucrats who toil in anonymity, those who taught our children and

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Don’t suffer in silence on tax, financial-planning issues

For many people, summer means a slower pace and trips to the shore, the lake, or maybe even a “staycation.” Perhaps, those summer-trip plans should also include discussing income tax and financial planning. While this may sound a bit off beat, consider the following. Many planning strategies take time to implement, and summer may present the

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Pathfinder profit climbs 23 percent in second quarter

OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, earned $721,000 in the second quarter, up 23 percent from $587,000 a year earlier. Earnings per share for the period totaled 24 cents, up from 19 cents in the second quarter of 2011. Rising net interest income and a lower loan-loss provision helped

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