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Banking & Finance

Sep 21, 2023

Transcat prices nearly $70 million public offering of common stock  

Transcat Inc. has priced its underwritten public offering of 736,845 shares of its common stock at a public offering price of $95 per share.  

Sep 20, 2023

ESL expands Retirement Plans Group to keep pace with SECURE Act changes

ESL Investment Services recently expanded its Retirement Plans Group, driven by upcoming changes to retirement plan offerings under the SECURE Act 2.0.

Sep 19, 2023

Citizens announces multibillion effort supporting green initiatives  

Citizens Financial Group, Inc. announced Tuesday a $50 billion sustainable finance target, which includes $5 billion in green financing for projects where it does business - including the Rochester area - by 2030.  

Five Star Bank's headquarters in downtown Rochester (photo provided by Five Star Bank).
Sep 12, 2023

Five Star Bank suing Harter Secrest & Emery LLP over alleged mishandling of PA case

Five Star Bank has filed a malpractice lawsuit against Harter Secrest & Emery LLP for alleged mishandling of a class-action case in a Pennsylvania court.

Sep 7, 2023

Financial services firms announce merger 

To continue growing its services and capabilities locally and across Western New York, Allied CPAs, P.C. has merged with the Pittsford-based Gordon, Chodak, Chapin & Wolch, CPAs, P.C. 

AeroSafe Global
Aug 31, 2023

Rochester-based AeroSafe Global closes on $43M funding round  

Rochester-based AeroSafe Global has closed on a $43 million funding round, company leaders said.  

Aug 22, 2023

Five Star Bank launches contactless payment option for small-business customers   

Five Star Bank has launched contactless payment acceptance for its small business customers.

A group of people posing for a group portrait.
Aug 17, 2023

Prentice Wealth Management celebrates 15 years by expanding to Penfield location

The registered investment advisory firm is growing — readying for a move into a new location — with nine employees and over $295 million in assets under management.

Aug 16, 2023

Paychex named nation’s largest 401 (k) recordkeeper  

For the 13th year in a row, Paychex, Inc. has been named the nation’s largest 401(k) recordkeeper by total number of plans by PLANSPONSOR magazine.  

Aug 15, 2023

Survey: Slow business activity but increased optimism for N.Y. manufacturers

Manufacturing activity declined in New York, according to firms responding to the Federal Reserve Bank of New York's August 2023 Empire State Manufacturing Survey.  

Aug 14, 2023

Graham Corp. leaders ring the opening bell at NYSE 

Graham Corp. leaders were scheduled to take part in the opening bell ceremony at the New York Stock Exchange this morning, commemorating the Batavia, Genesee County-based manufacturer’s 55th year as a public company. 

Aug 9, 2023

Five Star Bank expands small business lending solutions 

Five Star Bank has expanded its suite of small business products and services.