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Editor’s note: The Investment Q&A feature appears regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the financial markets and investments. In this issue, Alan Leist provides his outlook. Alan R. Leist III, CFA, chief investment officer at Strategic Financial […]
First Niagara CFO: No current plans to consolidate more branches
Following first-quarter earnings that were reduced by charges related to recent branch closures, First Niagara Financial Group’s chief financial officer, tells The Business Journal News Network, the banking company is not planning to close any more branches at this time. “We don’t have any current plans to consolidate more branches,” Gregory W. Norwood, CFO, says
Tompkins Financial profit rises 9 percent in first quarter
ITHACA — Tompkins Financial Corp. (ticker symbol: TMP) reported that its net income rose more than 9 percent to $12.6 million in the first quarter from $11.5 million in the year-ago quarter. The Ithaca–based banking company’s earnings per share rose over 6 percent to 84 cents in the first quarter from 79 cents a year
Tioga State Bank promotes Moraczewski to electronic banking VP
SPENCER, N.Y. — Tioga State Bank has promoted Jennifer Moraczewski to vice president of electronic banking and deposit operations. She is responsible for transaction processing
NBT Bancorp core net income rises 29 percent in first quarter
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported that its core net income (excluding net securities gains, merger related expenses, and other items) rose to
First Niagara promotes Burton to senior vice president
ROCHESTER — First Niagara Financial Group, Inc. has promoted Craig Burton to senior vice president of commercial real-estate lending. Burton is the team leader for
First Niagara forms new Enterprise Program Management Office, names Kelly to lead it
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) has formed a new Enterprise Program Management Office (EPMO) to oversee all its new products and
First Niagara’s 1st quarter profit falls 13 percent on branch closures
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) today reported that its first-quarter net income declined 13 percent from the year-ago period, amid restructuring
Community Bank Q1 profit rises nearly 10 percent
DeWITT, N.Y. — Community Bank System Inc. (NYSE: CBU) reported Tuesday that its net income rose almost 10 percent to $22.2 million in the first
First Niagara promotes Ron Klein to divisional sales manager
First Niagara has promoted Ron Klein to divisional sales manager. He previously was regional sales manager for the banking and financial services company’s Central New
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