This Week
  • Developer plans a $15 million project to renovate a historic site in Clifton Springs.

  • The economy and demographics have Sheridan Bros. Moving on the move.

  • Technology and other factors have brought big changes to commercial building.

  • From Morocco, Joseph Squalli traveled far to become Rooney's Restaurant owner.

  • RocMusic director Alexander Pena rallies young music makers.

  • Challenges mount for area companies that do business in Russia.

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