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

Five Star Bank, a subsidiary of Financial Institutions, Inc., has hired W. Jack Plants II as senior vice president and corporate treasurer and named as general counsel Samuel J. Burruano Jr., who will continue to serve as senior vice president ...

Steve Epping, a 34-year veteran of the business community, has been promoted to senior vice president at M&T Bank, heading commercial real estate and middle market lending from the Rochester regional office of the Buffalo-based bank. Epping takes the place ...

Tagged with: banking commercial real estate Dan Burns Dick Mueller M&T Bank Steve Epping

Paychex Inc. is going into the holiday season with something to celebrate. The business services outsourcing company released its second-quarter results Wednesday, showing revenue increased 15 percent over the same time last year, and profits were up, even when subtracting ...

Tagged with: earnings statement Martin Mucci Paychex second quarter

In opening a virtual financial center in Sibley Square, Bank of America has stepped out of the past and into the future. While the company has 300 employees in the Rochester area, this branch at the corner of East Main ...

Millennials for the first time will account for more than 50 percent of all mortgage originations next year, according to Realtor.com’s 2020 National Housing Forecast. That means the number of first-time home buyers also will climb, since 4.8 million millennials ...

Munchies Roc City Empanadas won the $5,000 top prize at the KeyBank Business Boost & Build pitch, a Shark Tank-like competition held in conjunction with JumpStart, the Urban League of Rochester and the Ibero-American Action League. Five local small-business owners ...

Geneseo Professor Harry Howe has been named a distinguished teaching professor by the State University of New York. Howe, professor of accounting at SUNY Geneseo’s School of Business, is one of 13 SUNY faculty members receiving distinguished honors this year. ...

Tagged with: awards Harry Howe Stacey Robertson SUNY SUNY Geneseo

If you build it, they will come — and they will stay, for a night, a weekend or a week. At least that’s the belief of developers and investors who are in the process of constructing a host of new hotels ...

Foreclosure activity in Monroe County dropped significantly between October 2018 and October 2019 but rose dramatically in Wayne County over the same period. While the total of pending foreclosures, notices of foreclosure sale (NFS) and lender-owned properties (REO) dropped by ...

They were all working for someone else in the dentistry field when each decided to take the leap of faith in their own abilities and their desire to provide service. Heather Chance, an oral surgeon, and Maureen Wood, an orthodontist, ...

Monroe Community College Foundation’s annual gala event Thursday honored the Wegman family for its philanthropic commitment to MCC, and announced a  pledge of $4 million from the ESL Foundation to help support students. Danny Wegman, president and chairman of the Wegman ...

Tagged with: Danny Wegman ESL Foundation faheem masood MCC Monroe Community College Foundation Sergio Estaban Wegman Family Foundation

Not so many years ago, Amanda Colon was a high school student who was comfortable handling figures and knew her way around a spread sheet. But she hadn’t decided on a path toward a career yet. Colon’s accounting class in ...

Tagged with: accounting Amanda Colon Five Star Plaza Harry Howe Jay Upadhyaya Mengel Metzger Barr & Co. Michelle Cain students World of Accounting

As one affordable housing project reaches fruition in the city of Rochester, another is kicking off. New York State Homes and Community Renewal, along with Rochester Mayor Lovely Warren, celebrated the completion of a $15 million renovation of E.L. Tower ...

First American Equipment Finance and ESL Federal Credit Union are both back on the Fortune 100 Best Medium-Size Companies to Work For list while HR Works Inc. landed on the list of small-size companies for the first time. First American Equipment ...

While total foreclosure activity in the Rochester metropolitan area fell significantly in quarter vs. quarter analysis, there was a rise in both month-over-month and year-over-year numbers. Total foreclosures fell 20.83 percent in the third quarter compared to quarter two, and ...