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Elmira Savings profit up 4 percent in second quarter
ELMIRA — Steady mortgage and consumer-loan activity helped Elmira Savings Bank (NASDAQ: ESBK) produce a 4 percent increase in net income in the second quarter,
Financial Quarterly Investment Panel
Editor’s Note: The Investment Panel feature appears regularly in our Financial Quarterly publication, spotlighting area investment professionals and their views on the markets and investments. In this issue, we chat with Jim Burns and John Lombardo. We interviewed them separately via telephone, but asked the same questions. James (Jim) Burns, president of J.W. Burns
Beacon acquisition makes Berkshire Hills a player in Central New York
Editor’s Note: The Newsmaker Interview portion of Financial Quarterly features a conversation with a CEO of a major Central New York business every quarter. The story discusses key financial issues affecting the newsmaker’s company and industry. By Kevin Tampone Journal Staff DeWITT — A new bank is moving into the region in a
Oswego County FCU to build new branch office
OSWEGO — Oswego County Federal Credit Union (OCFCU) recently announced that it is proceeding with construction of a new office on the corner of East
Elmira Savings Bank to open new branch in Elmira Heights
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) will open a new branch office in Elmira Heights later this month. The bank announced Wednesday (Aug. 8)
Greek Peak files for bankruptcy protection
VIRGIL — Greek Peak Mountain Resort is seeking Chapter 11 bankruptcy protection as it continues its search for a lender to replace the shuttered Tennessee
First Niagara swings to loss with HSBC acquisition costs
First Niagara Financial Group, Inc. (NASDAQ: FNFG) posted a loss during the second quarter thanks mainly to the costs associated with its acquisition of HSBC’s
Oneida Financial profit rises 12 percent, led by rising non-banking revenue
ONEIDA — Net income rose 12 percent in the second quarter at Oneida Financial Corp. (NASDAQ: ONFC), driven primarily by rising fee and commission income
Tompkins Financial completes Pennsylvania acquisition
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) closed its acquisition of VIST Financial Corp. (NASDAQ: VIST) of Wyomissing, Pa. on Aug. 1 and Tompkins’ leader says the banking company’s top priority moving ahead is clear. “Our job one is to get this right,” Tompkins Financial President and CEO Stephen Romaine says. “We need to
Acquiring HSBC branches helps Community Bank build “density”
DeWITT — The addition of 16 HSBC branches across Western, Central, and Northern New York will help Community Bank System, Inc. (NYSE: CBU) grow in markets where it already has a strong foothold, the company’s CFO says. DeWitt–based Community Bank completed its acquisition of the locations in July. All the branches are in markets where
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