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Editor’s note: The Investment Q&A feature appears regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the financial markets and investments. In this issue, Alan Leist provides his outlook. Alan R. Leist III, CFA, chief investment officer at Strategic Financial […]
First Niagara CFO: No current plans to consolidate more branches
Following first-quarter earnings that were reduced by charges related to recent branch closures, First Niagara Financial Group’s chief financial officer, tells The Business Journal News Network, the banking company is not planning to close any more branches at this time. “We don’t have any current plans to consolidate more branches,” Gregory W. Norwood, CFO, says
Tompkins Financial profit rises 9 percent in first quarter
ITHACA — Tompkins Financial Corp. (ticker symbol: TMP) reported that its net income rose more than 9 percent to $12.6 million in the first quarter from $11.5 million in the year-ago quarter. The Ithaca–based banking company’s earnings per share rose over 6 percent to 84 cents in the first quarter from 79 cents a year
NY Estate Tax Update Creates Estate Planning Challenges
Legislation that went into effect on April 1 makes broad changes to New York’s estate and gift tax laws, as well as certain trust-income tax rules. Although these estate-tax changes were intended to make New York a less expensive state in which to die, they could have a significant impact on some estate plans currently
PAR Technology net loss widens in first quarter
NEW HARTFORD — PAR Technology Corp. (NYSE: PAR) today reported a net loss from continuing operations of $989,000, or 6 cents per share, in the
Tioga State Bank promotes Moraczewski to electronic banking VP
SPENCER, N.Y. — Tioga State Bank has promoted Jennifer Moraczewski to vice president of electronic banking and deposit operations. She is responsible for transaction processing
Mohawk Valley Ad Club to host May 6 forum on future of Bagg’s Square
UTICA — The Mohawk Valley Advertising Club will soon host an open discussion on the future of the Bagg’s Square area of Utica and the
Ultralife reports Q1 loss on 27 percent revenue decline
NEWARK, N.Y. — Ultralife Corp. (NASDAQ: ULBI), a Wayne County–based maker of batteries and communications systems, reported an operating loss from continuing operations of $1.1
DiNapoli proposes bill to strengthen ethics rules for state contractors
A proposed bill would help ensure that contractors conducting business with New York state agencies are held to “high ethical standards” while performing important governmental
Verizon to add 100 jobs in Syracuse area
DeWITT, N.Y. — Verizon Communications (NYSE: VZ) today announced plans to add about 100 employees at its Fiber Solutions Center on Thompson Road in DeWitt.
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