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Banks & Credit Unions

Berkshire profit rises in Q4

Leaders at Berkshire Hills Bancorp, Inc. (NYSE: BHLB) see room for growth in the year ahead in the banking company’s new Central New York footprint. Berkshire Hills, parent of Berkshire Bank, first entered the Central New York market in 2011 with its acquisition of Rome Savings Bank. The company then closed a $132 million acquisition of DeWitt–based

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Charges yield lower net income at First Niagara

Charges related to collateralized mortgage obligations and job cuts helped push profit lower at First Niagara Financial Group, Inc. in the fourth quarter. Net income available to common shareholders at Buffalo–based First Niagara (NASDAQ: FNFG) totaled $53.5 million, or 15 cents a share, for the period. That’s down from $58.5 million, or 19 cents a

INVESTMENT Q&A

Editor’s note: The Investment Q&A feature will appear regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the markets and investments. In this issue, Jim Burns, president of J.W. Burns & Company in DeWitt, chatted with Adam Rombel, editor-in-chief, via

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