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Banking & Finance

Feb 13, 2015

Panel, leaders optimistic for area economy

Area panelists discussed Rochester’s economic outlook on Feb. 5 at the “2015 Economic Outlook: Rochester and the Upstate Region”—part of the Rochester Business Journal’s Power Breakfast Series. More than 250 people were in attendance to hear about Rochester’s economic future. Leaders across multiple industries met at the Joseph A. Floreano Ro[...]

Feb 13, 2015

Brighton firm expands to new practice areas

Cochran, Cochran & Yale LLC is expanding its work in executive search and human resources management by opening new practice areas in the health care and non-profit sectors. The Brighton-based company launched the new service in response to growing needs in these sectors for executive recruitment and related services. Company officials said the practices offer […]

Feb 12, 2015

Excell Partners receives $2M grant to invest in businesses

Excell Partners LLC has received $2 million to invest in pre-seed stage businesses as part of $5 million in total grants announced Thursday by Gov. Andrew Cuomo to support investment firms.

Feb 6, 2015

Momentum from 2014 should help economy in new year

The Federal Open Market Committee met on Jan. 27 and 28 and released a statement that offered no change in monetary policy. As is the case, Fed watchers pored over the statement looking for some sign of change or movement that might be afoot. Overall, the statement had more positive than negative comments. On the […]

Feb 6, 2015

Good intentions alone are an insufficient driver

I’m supposing that if you are reading this column, you are the kind of business leader who has a genuine interest in conducting your business in lawful and ethical manner. But, as with many things in life, good intentions by themselves do not translate into desired results. You might want to improve your firm’s quality, […]

Dec 16, 2014

Genesee Valley Trust board names new CEO

The Genesee Valley Trust Co.’s board of directors has voted unanimously to appoint Joy Ryen Plotnik as CEO, effective immediately.

Dec 2, 2014

Bonadio Group merging with Syracuse CPA firm

The Bonadio Group is merging with Syracuse-based CPA firm Testone, Marshall & Discenza LLP, creating what company officials say will be the largest accounting and consulting organization in Central New York.

Nov 14, 2014

First Niagara, PathStone distribute small-business loan funds

First Niagara Financial Group Inc. is partnering with PathStone Corp. to distribute $500,000 in small-business loan funds locally for businesses unable to receive conventional funding.

Oct 13, 2014

Generations Bank opens Ontario County site

Generations Bank has opened a branch in Ontario County featuring five interactive machines without tellers.

Oct 10, 2014

M&T to issue $2.9 million in refunds

M&T Bank Corp. will provide refunds totaling $2.9 million to 59,000 customers for deceptively advertising free checking accounts, the Consumer Financial Protection Bureau said Thursday.

Oct 10, 2014

Vuzix reports switch from EFP to Freed Maxick

EFP Rotenberg LLP no longer is the accounting firm for Vuzix Corp., a filing with Securities and Exchange Commission states. On Oct. 3, Freed Maxick LLP became the independent registered public accounting firm for Vuzix.

Aug 22, 2014

First Niagara, M&T rank among insurance brokerage fee leaders

Brighton-based First Niagara Risk Management Inc. ranked sixth nationally and M&T Bank Corp. was 10th on a list of 20 banks with the largest insurance brokerage fee income for 2013.