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Bank economists see stronger economic growth in 2014
This year will be a breakout year for the U.S. economy as private-sector demand accelerates and fiscal drag eases, according to the Economic Advisory Committee of the American Bankers Association (ABA). The committee, which includes 13 chief economists from among the largest banks in North America, predicts inflation-adjusted GDP growth for 2014 will be 3.0 […]
NBT Bancorp net income rises nearly 37 percent in fourth quarter
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported that its net income rose to $17.9 million, or 41 cents a share, in the fourth quarter, from $13.1 million, or 39 cents, in the year-ago period. The Norwich–based banking company boosted loan growth, improved its credit quality, and benefited from increased assets following a major acquisition
NBT Bancorp Q4 net income rises nearly 37 percent
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported that its net income rose to $17.9 million, or 41 cents a share, in the fourth quarter,
First Niagara to close two Southern Tier branches
OWEGO — First Niagara Bank will close one branch office in Owego and another in Conklin in early March, a bank spokesman confirmed today. The
Tompkins Financial profit soars in 2013, fourth quarter after Pa. acquisition
ITHACA — Tompkins Financial Corp.’s acquisition of VIST Financial Corp. in mid-2012 contributed to a “record performance” for the banking company in 2013. For the full year, Tompkins Financial (stock ticker: TMP) earned $50.8 million, or $3.46 per share, up from $31.2 million, or $2.43 a share, during 2012, the company said in a news
First Niagara makes changes to small-business services
First Niagara Financial Group, Inc. (NASDAQ: FNFG) today introduced “redesigned” small-business lending services. The banking company is offering a “ready access” line of credit, which
Berkshire Hills completes acquisition of 11 Bank of America branches in Utica–Rome area
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) today announced that its banking subsidiary, Berkshire Bank, has completed the previously announced acquisition of 20 upstate New York
NY credit-union leaders show ‘cautious optimism’ about economy, survey finds
The majority of participating New York state credit-union leaders are either somewhat optimistic or very optimistic about the national, state, and regional economies in 2014,
Elmira Savings Bank adds Arnot Health CEO to its board
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) has elected Robert K. Lambert, M.D., to its board of directors. Lambert is president and CEO of the Arnot
First Niagara announces changes to executive-leadership team
BUFFALO — First Niagara Financial Group (NASDAQ: FNFG) today announced changes to the banking company’s executive leadership team, including the elimination of one position, a search to fill another post, and two promotions. The Buffalo–based banking company, which is the parent of First Niagara Bank, has promoted Inder Koul to executive vice president and chief
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