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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
SYRACUSE — NBT Bancorp, Inc. (NASDAQ: NBTB) plans to acquire Syracuse–based Alliance Financial Corp. (NASDAQ: ALNC) in a deal worth more than $233 million. The
New treasurer takes over at First Niagara
First Niagara Financial Group, Inc. (NASDAQ: FNFG) named a new treasurer Thursday. Jeffrey Maddigan, who has been with the banking company for 19 years, assumed
Pathfinder declares Q3 dividend
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, declared a dividend of 3 cents a share for the third quarter. The
M&T mid-market survey finds both pessimism and optimism
Many mid-market company leaders continue to feel positive about the prospects for their own businesses, despite ongoing pessimism on the national economy, according to a new survey from M&T Bank. One in five of middle-market respondents in the survey said they expect U.S. economic growth to speed up in the next six months, down from
New KeyBank branch opens in Manlius
MANLIUS — KeyBank opened a new branch in Manlius this week. The 3,900-square-foot office, at 7670 Highbridge Road, features four teller stations, five private offices,
Berkshire Hills to raise $75 million
Berkshire Hills Bancorp, Inc. plans to raise capital for its pending acquisition of DeWitt–based Beacon Federal Bancorp. Berkshire Hills (NASDAQ: BHLB) entered a subscription agreement
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