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HSBC, First Niagara deal is ‘attractive,’ CEO says
DeWITT — The addition of 19 branches from HSBC and First Niagara Financial Group, Inc. will strengthen core upstate New York markets for Community Bank System, Inc. (NYSE: CBU), the company’s CEO said. DeWitt–based Community Bank System announced plans Jan. 20 to acquire the 19 branches for a deposit premium of 3.22 percent. The deal, […]
New branches to boost Key in upstate New York
The acquisition of 37 HSBC branches in the Buffalo and Rochester areas will strengthen KeyBank’s business in upstate New York, KeyCorp (NYSE: KEY) Chairwoman and CEO Beth Mooney said in a conference call Jan. 24. Increasing market share and its physical presence in markets over time helps the bank add new clients, increase revenue, and enhances its
Tompkins Financial plans Pa. acquisition
ITHACA — A Ithaca–based banking company is expanding into Pennsylvania with an acquisition. Tompkins Financial Corp. (NYSE Amex: TMP) announced plans today to acquire VIST
First Niagara profit rises 27 percent in fourth quarter
First Niagara Financial Group (NASDAQ: FNFG) earned $58.5 million in the fourth quarter, up more than 27 percent from a year earlier. Earnings per share
Profit rises in Q4, 2011 at Tompkins Financial
ITHACA — Tompkins Financial Corp. (NYSE Amex: TMP) earned $9.4 million, or 84 cents a share, in the fourth quarter, up 5.6 percent from a
Net income from continuing operations attributable to common shareholders at KeyCorp (NYSE: KEY) totaled $201 million in the fourth quarter, down from $292 million a
Behlmer to head up CNY region for BNY Mellon
BNY Mellon’s Central New York region has a new top executive. Frank Behlmer was recently appointed to the newly created role of regional executive for
Community Bank Q4 profit rises nearly 20 percent
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported that its fourth-quarter net income rose 19.5 percent to a record $19 million as it benefitted
Elmira Savings to buy Empower branch office
ELMIRA — Elmira Savings Bank will open a new branch in Big Flats. Elmira Savings entered into an agreement with Empower Federal Credit Union to purchase its building at 971 County Route 64, according to a news release. Financial terms of the deal were not disclosed. “We are excited about securing a branch location in
Community Bank to pick up 19 First Niagara, HSBC branches
DeWITT — Community Bank System, Inc. (NYSE: CBU) of DeWitt announced plans today to acquire 19 HSBC and First Niagara branches later this year for
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