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)
Cybersecurity in Today’s Remote Work Environment
The response to the COVID-19 pandemic demonstrated that remote work was viable for many companies. Today, remote and hybrid work models have become standard options for most professionals. While remote
New York State Now Requires 30-Minute Paid Lactation Breaks
For the past year or so, New York employers have been adapting to the State law protections granting employees returning from childbirth leave the right to express breast milk at
Contact Tampone at ktampone@cnybj.com
