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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
Oswego’s Midtown Plaza sold to Syracuse group
OSWEGO — A real estate development group in Syracuse has acquired Midtown Plaza in Oswego. Sutton Real Estate will manage and lease the property for
SU administrator named to board of national group
SYRACUSE — The secretary to the Syracuse University (SU) board of trustees and the school’s vice president of principal gifts has been elected to the
New owners aim for turnaround at Cortland Line Co.
CORTLAND — A group of private investors is hoping to spark a turnaround at Cortland Line Co. after acquiring the business from its employees. A group of seven investors bought the fishing-line manufacturer July 18 from the firm’s employee stock ownership plan. Financial terms were undisclosed. The new owners are all friends and fishermen, says
Smokers Choice tobacco retailer buys former Sleep City building for $350,000
DeWITT — Smokers Choice Cigarette & Tobacco Outlets, a tobacco and accessory retailer, recently purchased the 3,848-square-foot former Sleep City building located at 3188 Erie Blvd. East in the town of DeWitt. Robert Falcone sold the property for $350,000. Tom Lischak, and Alex Lischak of Pyramid Brokerage Company, in association with Keller Williams Realty, brokered
SUNY Oswego SBDC to offer small- business training course online
OSWEGO — The State University of New York (SUNY) Oswego Small Business Development Center (SBDC) will offer an online small-business training course starting Aug. 13. The first 10 people to sign up will receive a scholarship to cover the $200 cost of the class, according to the university. The course will help guide prospective entrepreneurs
New owners revamp ‘run down’ Days Inn near Oneida Lake
CICERO — SUN Development and Hospitality Management (SUNdhm) knew it had a major project on its hands when it purchased the Days Inn Brewerton/Syracuse/Airport hotel late last year. “It was run down pretty badly,” says Kayur Patel, vice president, COO, and co-owner of Cicero–based SUNdhm. “We couldn’t just throw wallpaper up and walk away.” The
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
First Niagara absorbs loss on HSBC acquisition costs
After completing four acquisitions in three years and pushing into new geographies, First Niagara Financial Group, Inc. (NASDAQ: FNFG) plans to focus on running the business it has as well as possible. “We’re now equally excited to be in execution mode,” First Niagara President and CEO John Koelmel said during a July 27 conference call
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