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Tompkins Trust Co. names new VP
ITHACA — Tompkins Trust Co. has a new vice president of commercial banking. Michelle Mittelman will focus on business financing in the Ithaca and Central
Latest earnings increase at Solvay Bank Corp.
SOLVAY — Third-quarter profit rose 4 percent at Solvay Bank Corp. from a year earlier to $1.6 million. The bank had total assets of $655.8
Chemung Financial reports sluggish third quarter
ELMIRA — Chemung Financial Corp. saw its third-quarter net income decline in spite of the company’s expansion into the Albany market last year. Earnings improved
NBT Bancorp Q3 profit slips as merger costs rise
NORWICH — NBT Bancorp, Inc., (NASDAQ: NBTB), which last month announced plans to acquire Alliance Financial Corp. (NASDAQ: ALNC), reported an earnings dip in the
Chemung Financial profit slips in Q3 but up year to date
ELMIRA — Chemung Financial Corp. (ticker: CHMG) reported that its third-quarter net income fell in spite of the banking company’s expansion into the Albany market
Elmira Savings Bank Q3 net income rises 6 percent
ELMIRA — Elmira Savings Bank (ticker: ESBK) reported net income of $1.4 million, or 44 cents per share, in the third quarter, up from $1.3
Credit unions move toward video teller machines
Technology is pushing banks and credit unions into new territory, including the use of video teller machines. In a legal opinion, the National Credit Union Administration (NCUA) in August ruled that credit unions aren’t prohibited from using the machines, says Mark Harrington, an attorney with Syracuse–based law firm Mackenzie Hughes, LLP. Like any new technology
Ex-Im Bank official returns to Syracuse
SYRACUSE — Central New York could be importing a new source of financing for small and medium companies after a federal official’s recent visit. Wanda Felton, the vice chair and first vice president of the Export-Import Bank of the United States, spent the day in Syracuse Oct. 26 to meet with area businesses. Felton, who
Community Bank profit falls on acquisition costs
DeWITT — Third-quarter profit slipped 8 percent at DeWitt–based Community Bank System, Inc. (NYSE: CBU) to $18.4 million, or 46 cents a share. Acquisition costs totaling $4.8 million for the period, compared with $400,000 a year earlier, helped push earnings lower. Community Bank System has $7.6 billion in assets and more than 180 branches. The
First Niagara job cuts mostly spare Central New York
Job cuts announced in October at First Niagara Financial Group, Inc. (NASDAQ: FNFG) eliminated just a few positions in Central New York. The Buffalo–based banking company cut 180 positions across its four-state footprint, but just five of the jobs were located in Central New York, according to an email from David Lanzillo, a First Niagara
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