DiNapoli: N.Y. state agency overtime pay rose 16 percent last year

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Overtime earnings at state agencies rose to a “record” $611 million in 2013, a nearly 16 percent increase over 2012. That’s according to a new

El Chico’s Bar & Grill to formally reopen in Rome Friday

Regional News, Small Business, Sports, Entertainment & Tourism

ROME — El Chico’s Bar & Grill, an area restaurant started in the 1940s, will formally reopen in Rome on Friday. The grand-opening ceremony for

Small employers of reservists are eligible to apply for SBA working-capital loans

Small Business

Small businesses that have suffered economic losses while the owner or a key employee was called up to active duty are eligible to apply for

Kids Oneida names board officers and interim CEO

Nonprofits

UTICA — The Kids Oneida board of directors announced its board officers for the 2014 calendar year. It named Rosario Dalia as board president, David

MOST announces new board members, officers

Nonprofits, Sports, Entertainment & Tourism

SYRACUSE — The Museum of Science & Technology (MOST) board of trustees and the MOST Foundation board of directors recently named new members and officers

First Niagara to close two Southern Tier branches

Banks & Credit Unions

OWEGO — First Niagara Bank will close one branch office in Owego and another in Conklin in early March, a bank spokesman confirmed today. The

Syracuse mayor to form stadium task force to answer key questions

Law, Accounting & Taxes

SYRACUSE — Syracuse Mayor Stephanie Miner plans to assemble a task force to examine the issue of a possible new sports stadium in Syracuse, including

Schumer: Defense-spending bill benefits Lockheed’s Owego site

Manufacturing & Engineering, Subscriber Only

OWEGO — The Owego plant of Lockheed Martin (NYSE: LMT) will benefit from more than $333 million in funding for the U.S. Air Force’s combat search and rescue (CSAR) helicopters. The funding, which is part of a $1.1 trillion spending bill that President Obama signed on Jan. 17, will create and sustain about 250 jobs

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Tompkins Financial profit soars in 2013, fourth quarter after Pa. acquisition

Banks & Credit Unions, Subscriber Only

ITHACA — Tompkins Financial Corp.’s acquisition of VIST Financial Corp. in mid-2012 contributed to a “record performance” for the banking company in 2013. For the full year, Tompkins Financial (stock ticker: TMP) earned $50.8 million, or $3.46 per share, up from $31.2 million, or $2.43 a share, during 2012, the company said in a news

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ITHACA — Tompkins Financial Corp.’s acquisition of VIST Financial Corp. in mid-2012 contributed to a “record performance” for the banking company in 2013.

For the full year, Tompkins Financial (stock ticker: TMP) earned $50.8 million, or $3.46 per share, up from $31.2 million, or $2.43 a share, during 2012, the company said in a news release.

In the fourth quarter, Tompkins Financial earned $14.29 million, or 96 cents a share, up 27 percent from $11.21 million in the final quarter of 2012.

The earnings-per-share figure was the highest quarterly earnings number in company history, Tompkins Financial said.

Ithaca–based Tompkins Financial listed merger-related expenses associated with the acquisition of VIST Financial among certain non-recurring items that affected both the fourth quarter and full-year 2013 results.

After adjusting for non-recurring income and expenses, earnings per share would have been 91 cents in the fourth quarter, up from 81 cents during the same time period last year.

For the entire year, adjusting for non-recurring items, earnings per share would have been $3.36 for the year ended Dec. 31, compared to $3.17 for the same period in 2012.

It was a “rewarding” year, the first full year with operations in Pennsylvania, Stephen Romaine, president and CEO of Tompkins Financial, said in the news release.

“Business activity from our Pennsylvania franchise contributed to our record performance, as did the solid performance from our New York–based banking, insurance, and wealth-management businesses. We finished the quarter with positive trends in most business areas, leaving us well positioned as we head into 2014,” Romaine said.

Tompkins Financial also announced that its board of directors approved a quarterly cash dividend of 40 cents per share, payable on Feb. 14 to common shareholders of record on Feb. 3.

Tompkins Financial is a financial-services firm with $5 billion in assets serving the Central, Western, and Hudson Valley regions of New York, as well as Southeastern Pennsylvania. Tompkins Financial is parent to Tompkins Trust Company, The Bank of Castile, Mahopac National Bank, VIST Bank, Tompkins Insurance Agencies, Inc., and Tompkins Financial Advisors.

Contact Reinhardt at ereinhardt@cnybj.com

Air Force transfers Griffiss building to Oneida County IDA

Construction, Design & Real Estate, Subscriber Only

ROME — The Air Force Civil Engineer Center (AFCEC) on Tuesday transferred Building 101 at the Griffiss Business and Technology Park in Rome to the Oneida County Industrial Development Agency (IDA). Building 101 is a hangar and apron area used for aircraft repair and maintenance, the AFCEC said in a news release. The parcel represented

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ROME — The Air Force Civil Engineer Center (AFCEC) on Tuesday transferred Building 101 at the Griffiss Business and Technology Park in Rome to the Oneida County Industrial Development Agency (IDA).

Building 101 is a hangar and apron area used for aircraft repair and maintenance, the AFCEC said in a news release.

The parcel represented the last available piece of federally owned land at the park, the former Griffiss Air Force Base (AFB).

The Air Force is retaining about one-fourth of the building to be used for research and development, AFCEC said.

The transfer to the IDA is a “major step” in completing the redevelopment of the Griffiss Business and Technology Park, Michael McDermott, Base Realignment and Closure (BRAC) environmental coordinator, said in the news release.

“Complete ownership of all the non-federal property allows the community greater flexibility in the reuse and future redevelopment decisions. Although this milestone is significant, the Air Force is still responsible for and looking forward to completing the total cleanup of the former base,” McDermott said.

To date, AFCEC has invested more than $170 million in BRAC cleanup actions at the former installation. Another $11.2 million is budgeted to complete cleanup, the AFCEC said.

The Griffiss Local Development Corporation manages the redevelopment of the former Griffiss AFB, including Building 101.

Both the U.S. Environmental Protection Agency and the New York State Department of Environmental Conservation agreed that the property was suitable for reuse prior to the transfer, the AFCEC said.

Although the property transfer is complete, the Air Force remains responsible for achieving the environmental cleanup goals, the center added.

The Griffiss Business and Technology Park is a 3,500-acre development that includes nearly 80 businesses; the Griffiss International Airport that Oneida County operates; and several agencies of the U.S. Department of Defense, including the Air Force Research Laboratory’s Rome Research Site, the Defense Financing and Accounting Service, and Eastern Air Defense Sector.

The park presently employs about 6,200 people who work in the aviation, education, manufacturing, office, recreation and technology fields, according to the AFCEC news release.

Headquartered in San Antonio, Texas, the Air Force Civil Engineer Center manages the former Griffiss AFB, one of 40 former Air Force installations.

BRAC selected Griffiss for closure and realignment as part of its decisions in 1993, 1995, and 2005.

Contact Reinhardt at ereinhardt@cnybj.com

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