DeWITT — First-quarter profit slipped more than 13 percent to $1.3 million, or 21 cents a share, at Beacon Federal Bancorp (NASDAQ: BFED).
The DeWitt–based banking company continues to focus on asset quality during the current challenging economic climate, President and CEO Ross Prossner said in a news release. Beacon leaders expect that an effort to lower the company’s cost of funds and grow noninterest income will produce favorable results in the quarters ahead.
Beacon has total assets of $1 billion and other branches in DeWitt, Marcy, and Rome; Smartt and Smyrna, Tenn.; and Chelmsford, Mass. A subsidiary, Beacon Comprehensive Services Corp., provides investments, insurance, tax preparation.
(Sponsored)
By now, you likely know about network assessments and how they can help you evaluate your network as a whole. You might have also heard about penetration testing. However, the
Final Regulations for the Advanced Manufacturing Production Credit
The IRS recently issued final regulations for the Section 45X Advanced Manufacturing Production Credit, clarifying and expanding key provisions from the proposed regulations released in late 2023. These updates are
Contact Tampone at ktampone@cnybj.com
