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GPO Federal Credit Union names Mayhew to president, CEO posts
NEW HARTFORD — The board of directors of GPO Federal Credit Union (GPOFCU) in New Hartford on Tuesday announced it has selected Nicholas Mayhew to serve as president and CEO. Mayhew assumes his new role on Feb. 3. He most recently served as vice president and CFO of Rome Memorial Hospital, GPOFCU said in a […]
Oneida Savings Bank: Diversification turns sleepy bank into community powerhouse
ONEIDA — One year after the Civil War ended, residents of Oneida established the Oneida Savings Bank (OSB). Chartered in New York state, the corporation was structured as a mutual savings bank, whereby the depositors were the bank’s owners. Serving clients in Oneida and Madison counties, OSB collected deposits, paid interest, and financed residential mortgages
Solvay Bank plans new branch, technology for 2014
SOLVAY — Solvay Bank has big plans for 2014 that include a new “smart branch” in DeWitt and several new technology components that will improve the customer experience, bank officials say. The bank will soon decide on a construction firm for its DeWitt branch project and expects to break ground within the next month, says
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
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