Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Rochester ranks among the best cities for credit card balance transfers, a new report from SmartAsset shows.

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  ...

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 ...

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 ...

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 ...

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 ...

A commercial banker formerly with the Genesee Regional Bank is joining the New York Business Development Corp. as vice president.

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.

Tompkins Financial Corp. reported a 7.6 percent increase in earnings per share in the fourth quarter.

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.

The state Department of Financial Services has given CFCU Community Credit Union authority to expand into Ontario, Seneca and Cayuga counties.

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.

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.

Tax & Investment Group, based in Greece and founded by Kenneth Harzynski, has joined with SagePoint Financial Inc.

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 ...