Please ensure Javascript is enabled for purposes of website accessibility
Home / Industry / Banking & Finance (page 60)

Banking & Finance

Manning & Napier’s economic income rises

Manning & Napier Inc. Wednesday reported quarterly economic income of $36.7 million, up 1.3 percent from the same period in 2011, while revenues declined 5 percent year-over-year.

Read More »

Northwest reports 9 percent rise in net income

Northwest Bancshares Inc. on Monday reported second-quarter net income of $16.4 million attributable to common shareholders, up 9 percent from a year ago.

Read More »

Shareholders approve Tompkins merger

Tompkins Financial Corp.’s merger with VIST Financial Corp. is set to close Aug. 1, with shareholders from each bank giving their approvals at separate meetings this week, officials announced Thursday.

Read More »

KeyCorp tops Q2 expectations, plans to cut expenses

KeyCorp on Thursday reported second-quarter profit topped Street expectations. The bank also announced a plan to reduce expenses by as much as $200 million by the end of 2013.

Read More »

JPMorgan tops expectations; losses from trades grow

JPMorgan Chase & Co., the largest employer among banks in the Rochester market, reported net income of nearly $5 billion in the second quarter, 49 cents a share better than Wall Street projections, but losses from risky trades have reached $5.8 billion so far this year, executives said Friday.

Read More »

Fairport Savings Bank completes conversion

The parent company of Fairport Savings Bank has completed its conversion from a federally chartered stock savings bank to a New York-chartered stock savings bank, the company said Thursday.

Read More »

Running the branches for regional banking titan

Salvatore Guerrieri Sr. came to the United States from Italy at age 14, by which time he had worked as a barber, a tailor and a farmer. His career path here led him to be an auto mechanic.   "It’s ...

Read More »

Four branches converted to Five Star Bank

The conversion of four First Niagara Bank N.A. branches to Five Star Bank last weekend went smoothly, with 12,000 new customers and 30 new employees joining the Warsaw, Wyoming County-based bank, Five Star officials said.

Read More »

Five Star to add acquired branches in June

Five Star Bank has settled on eight locations for its acquisition of First Niagara Bank N.A. and HSBC Bank USA N.A. branches, including four in the Rochester market, a filing with the state Department of Financial Services shows.

Read More »

Wealth of Health: Sentry Group

  Imagine starting the workday with a steaming hot bowl of delicious oatmeal, compliments of your employer.   Of Sentry Group’s 435 local employees, roughly 75 participate in the "Oatmeal Challenge" every October with the goal of reducing their cholesterol ...

Read More »