This Week
  • The largest shareholder of IEC Electronics Corp. targets board.

  • Sandra Doorley is Monroe County's first female district attorney.

  • Margaret Rosenfeld runs the team-building efforts of HumanGrid.

  • After a slow start, area homebuilders are ending the year on an upbeat note.

  • Viewpoint Systems has been known to keep a close eye on its customers.

  • A recent visit to Ho Chi Minh City in Vietnam was an eye-opener for RIT students.

Bank of the Finger Lakes parent sees profit rise

Rochester Business Journal
January 16, 2013

USNY Bank Inc., parent of Bank of the Finger Lakes in Geneva, this week reported net income of $457,822 for the fourth quarter, up 40 percent from a year ago.

Net income for the full year was $1.95 million, up 50 percent from 2011, the bank reported. Total assets on Dec. 31 were $145.9 million, up 33 percent from $109.5 million on Dec. 31, 2011.

“Our operating results put us among the higher-performing banks in the state,” President and CEO Michael Briggs said in a statement released Monday. “We have shown significant growth in assets and continued improvement in both profits and operating efficiency.”

USNY Bank, headquartered in Geneva, is the holding company for Bank of the Finger Lakes and Bank of Cooperstown.

(c) 2012 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google