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Banking & Finance

Home Mortgage Lenders

Information was provided by representatives of local mortgage lenders that closed mortgages on residential properties in Monroe, Genesee, Livingston, Ontario, Orleans or Wayne County. Ranked by dollar volume of local residential mortgages closed in 2016. 2017 Rank    Company name 1  ...

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Fed faces difficult call on level of rates

Federal Open Market Committee Chair Janet Yellen made a West Coast swing recently to discuss the progress being made in the economy. She suggested that the economy is “close” to maximum employment and price stability, citing the long-held goals of ...

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2016 shows folly of pundit predictions

Last year was a year of surprises. Sure, the Chicago Cubs won the World Series for the first time in 108 years, and Brad Pitt and Angelina Jolie announced that they are dissolving their marriage, but I’m talking about more ...

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Fresh ideas help banks attract customers into branches

Amid declining foot traffic, Rochester-area banks and credit unions are following different paths to draw customers to their brick-and-mortar branches. Some have revamped branch design and décor, while others have redoubled efforts to showcase ties to the community. Banks and ...

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Finally, bankers foresee return to normal interest rates

The Federal Reserve increased the short-term federal funds rate by a quarter percent in mid-December, hinting that more rate hikes may be in the offing in 2017 if signs of economic growth continue. That’s generally good news for banks that ...

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FSB reports Q4 net income of $499K

Net income at FSB Bancorp Inc., the holding company of Fairport Savings Bank, rose to $499,000 in the fourth quarter, up from $134,000 in the same period last year.

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Kiva Rochester receives ‘key market’ designation

An international micro-lending platform is recognizing the city of Rochester as a key market after the local Kiva Rochester program facilitated more than $100,000 in crowd-funded microloans to local entrepreneurs.

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Financial Institutions’ net income up in Q4

Financial Institutions Inc. reported net income available to common shareholders of $8.3 million in the fourth quarter, up from $6.3 million a year ago.

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Merger, acquisition drive jump in Northwest profit

Northwest Bancshares Inc., the parent company of Northwest Bank, announced a fourth-quarter net income of $24.5 million, an increase of $8.3 million compared a year earlier.

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Edward Shill takes the lead at investment firm

Edward Shill, QCI Asset Management Inc.’s chief investment officer, has become majority shareholder of the Pittsford investment firm and will serve as its new president and CEO. But Shill said he will continue to benefit from the expertise of longtime ...

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