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Bank reports jump in Q3 net income

By THOMAS ADAMS - 10/10/2013 4:43:27 PM

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.

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