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Banks & Credit Unions
M&T outstrips pledge to ramp up small-business lending
M&T Bank exceeded a promise it made last year to boost small-business lending, it said today. The Buffalo–based bank increased small-business lending by $196 million
Empower begins work on new headquarters in Salina
SALINA — Empower Federal Credit Union began work last month on a new headquarters that will bring together staff members now spread across three offices. The new headquarters, which will be located the former B.G. Sulzle plant in Salina, will house departments like information technology, the credit union’s call center, and loan operations, says Rich Nave,
Elmira Savings Bank opens new branch office
ELMIRA HEIGHTS — Elmira Savings Bank (NASDAQ: ESBK) has opened its new branch location at 2075 Lake Road in Elmira Heights. “We are pleased to
Beacon Federal shareholders approve Berkshire Hills deal
DeWITT — Beacon Federal Bancorp, Inc. (NASDAQ: BFED) shareholders voted in favor of their bank being acquired during a special meeting Thursday. The move is
M&T releases new account alerts
M&T Bank is rolling out customizable account alerts to notify customers of items like low or high account balances and large deposits and withdrawals. Customers
Community Bank wraps acquisition of First Niagara locations
DeWITT — Community Bank of DeWitt completed an acquisition of three First Niagara Bank branches in Canandaigua and Geneva. The deal brings $100 million in
Acquisition to help propel M&T growth in NYC area
Although M&T Bank Corp. (NYSE:MTB) has had commercial bankers in the New York City area, it has never had a branch presence there. That’s about
Key to close a Syracuse branch
SYRACUSE — KeyBank plans to close its branch on Butternut Street in Syracuse later this month. The bank sent letters to customers notifying them of
Beacon Federal profit plunges 61 percent in Q2
DeWITT — Net income at Beacon Federal Bancorp, Inc. (NASDAQ: BFED) plummeted almost 61 percent in the second quarter that ended June 30. The banking company, which is based in DeWitt and in the process of being acquired by a larger bank, posted a profit of $666,000, or 11 cents per share. That’s down from
Alliance Financial increases dividend from previous quarter
SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC) of Syracuse increased its quarterly dividend 3.2 percent to 32 cents a share. The dividend will be payable
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