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Regulatory action on Beacon Federal has no effect on acquisition
SYRACUSE — A report from a federal regulator of unsafe banking practices at Beacon Federal has no effect on its pending acquisition by Berkshire Hills Bancorp, Inc. (NASDAQ: BHLB), according to both banks. DeWitt–based Beacon Federal and the federal Office of the Comptroller of the Currency (OCC) signed an agreement earlier this month outlining the […]
NBT Bancorp profit dips nearly 10 percent in Q2
NORWICH — Profit fell almost 10 percent at NBT Bancorp, Inc. (NASDAQ: NBTB) in the second quarter as the banking company continued its growth strategy through mergers and acquisitions. NBT reported second-quarter net income of $13.3 million, down by $1.4 million, or 9.5 percent, from the year-ago period. Earnings per share (EPS) fell to 40
Second-quarter earnings slip at Peoples
HALLSTEAD, Pa. — Second-quarter profit dipped slightly at Peoples Financial Services Corp. (OTCBB: PFIS) as it no longer benefitted from gains it saw in 2011
Former banker paints new career path with CertaPro franchise
CICERO — Daniel Murphy brushed off a layoff notice from a bank late last year and is starting his own painting franchise. He became a franchisee of CertaPro Painters Ltd., a professional painting contracting firm, in June and opened for business July 23. His franchise, which serves the greater–Syracuse area, will handle residential and commercial
NORWICH — Net income dropped nearly 10 percent at NBT Bancorp, Inc. (NASDAQ: NBTB) in the second quarter as the company continued its growth strategy
New York licenses first mutual bond insurer for U.S. municipal market
The New York State Department of Financial Services has licensed the first mutual bond insurer to operate in the municipal market in the United States,
Income falls at Tompkins Financial on merger costs
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) earned $8.8 million in the second quarter, down 6.1 percent from a year earlier. Earnings per share
Regulator finds ‘unsafe’ practices at Beacon Federal
SYRACUSE — The federal Office of the Comptroller of the Currency (OCC) found unsafe banking practices related to asset quality and risk management at DeWitt–based
Profit slips 16 percent at Alliance Financial in Q2
SYRACUSE — Ongoing low interest rates pushed profit lower at Alliance Financial Corp. (NASDAQ: ALNC) in the second quarter, despite growth in the banking company’s loan portfolio. Syracuse–based Alliance Financial, the holding company for Alliance Bank, earned $2.9 million, or 61 cents a share, in the quarter, down 16 percent from $3.5 million, or 73 cents,
Income increases at Elmira Savings
ELMIRA — Net income rose 4 percent in the second quarter at Elmira Savings Bank, (NASDAQ: ESBK) to $1.36 million, or 42 cents per share.
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