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Bank reports jump in Q3 net income

Rochester Business Journal
October 10, 2013

Net income for USNY Bank, parent of the Bank of the Finger Lakes in Ontario County, increased by 6 percent for the quarter ending Sept. 30, the Geneva-based company reported Thursday.

Net income for the most recent three months was $586,812, up from $551,902 in the third quarter 2012, the bank reported.

Total assets were $170.8 million on Sept. 30, up 17 percent from $145.9 million on Dec. 31, the bank reported.

“We’re continuing to generate consistent asset growth by providing our customers with locally delivered decision-making and quality personal service,” President and CEO Michael Briggs said in a statement.

USNY Bank, an independently owned commercial bank, is the holding company of the Bank of the Finger Lakes in Geneva and the Bank of Cooperstown.

(c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


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