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Berkshire Hills expands CNY presence
DeWITT — Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB) has completed its acquisition of DeWitt–based Beacon Federal Bancorp, Inc. (NASDAQ: BFED). Beacon Federal has about $1 billion
Countryside Federal becomes SBA 7(a) lender
DeWITT — Countryside Federal Credit Union agreed this morning to participate in the U.S. Small Business Administration’s (SBA) main business loan program. Countryside Federal is
Profit at First Niagara falls in third quarter
First Niagara Financial Group, Inc. (NASDAQ: FNFG) earned $50.8 million in the third quarter, down from $57 million a year earlier. Earnings per share in
Current Alliance VP to lead Syracuse region for NBT
SYRACUSE — Richard Shirtz will become Syracuse regional president at NBT Bank after NBT Bancorp’s acquisition of Alliance Financial Corp. closes next year. Shirtz, currently
Net income from continuing operations attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $214 million in the third quarter, down from $229 million a
Chase names new Upstate leaders
Chase Commercial Banking named a new head of its Northeast Middle Market Banking business and two new market managers responsible for upstate New York, New
Mortgage banking, lower costs help push M&T profit higher
Profit at M&T Bank Corp. (NYSE: MTB) rose more than 60 percent in the third quarter to $293 million, or $2.17 per share. Net income
Federal Home Loan Bank makes grants to Syracuse projects
SYRACUSE — The Federal Home Loan Bank of New York is making grants to three affordable-housing projects in Syracuse, it said today. It is giving
New York credit unions expand in first half of 2012
New York credit unions showed signs of growth through this year’s second quarter in members, loans, savings, and assets. Membership grew 3.7 percent since June
NBT-Alliance deal driven by the need to grow
SYRACUSE — Leaders at Alliance Financial Corp. (NASDAQ: ALNC) didn’t decide to sell their banking company because it was buried by bad lending decisions or mortgage-backed securities. In fact, Alliance’s balance sheet is “pristine,” said Martin Dietrich, president and CEO of NBT Bancorp, Inc. (NASDAQ: NBTB), which announced plans to acquire Syracuse–based Alliance Financial on
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