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Community Bank net income slips in Q4, rises for full year
DeWITT — Acquisition costs and a litigation settlement helped push profit down at Community Bank System, Inc. (NYSE: CBU) in the fourth quarter. The DeWitt–based banking company earned $18.8 million, or 47 cents per share, in the quarter, down from $19 million, or 51 cents, in the fourth quarter of 2011. The fourth quarter included […]
New president takes over at Geddes Federal
GEDDES — Growing the customer base in the Manlius area is one of the top priorities for the new president at Geddes Federal Savings and Loan Association. Brian DuMond took over leadership at Geddes Federal effective at the start of 2013. He succeeds William Hemmerlein, who retired at the end of 2012. DuMond joined Geddes
Key expects loan growth, more cost cutting in 2013
Net income for common shareholders from continuing operations at KeyCorp (NYSE: KEY) totaled $193 million, or 21 cents a share, in the fourth quarter. That’s down from $201 million, or 21 cents a share, in the fourth quarter of 2011. The Cleveland, Ohio–based banking company took a $16 million charge during the quarter related to
Pathfinder Bancorp profit rises in Q4 and for full year
OSWEGO — Pathfinder Bancorp, Inc., holding company for Pathfinder Bank, earned $729,000 in the fourth quarter, up more than 67 percent from a year earlier. Earnings per share for the period totaled 25 cents a share for the period, up from 10 cents a share in the fourth quarter of 2011. The rise in profit
Shareholders to vote on NBT-Alliance deal
SYRACUSE — Shareholders will have the chance in the coming weeks to vote on the planned acquisition of Alliance Financial Corp. of Syracuse by Norwich–based
Chemung Financial Q4 profit slips 28 percent
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Co., reported that profit plummeted 28 percent in the fourth quarter
Berkshire posts higher profit in fourth quarter and 2012
Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, earned $9.3 million in the fourth quarter, up from $8.5 million a year earlier. Earnings per share
Income rises in fourth quarter and full year at Pathfinder
OSWEGO — Pathfinder Bancorp, Inc., holding company for Pathfinder Bank, earned $729,000 in the fourth quarter, up more than 67 percent from a year earlier.
HSBC survey finds advantages for international firms
International companies headquartered in upstate New York have growth rates nearly three times higher than firms with only domestic business, according to a new report.
Adirondack Bank: The same mission since its founding
UTICA— On Halloween of 1898, while many Saranac Lake residents thought of ghosts and goblins, some were busy incorporating the Saranac Lake Cooperative Savings & Loan Association. The S&L’s charter was premised on providing banking services to the area based on integrity, frugality, and community involvement. While the nation has experienced many changes in the
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