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Banking & Finance

Northwest Savings to open branch in Brighton

Northwest Bancorp Inc., having opened three new branches in Monroe County last month, is adding another in Brighton, officials announced Wednesday.

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Big changes taking effect in regulations for 403(b) plans

"Retirement at age 65 is ridiculous. When I was 65, I still had pimples." -George Burns  Just when I think I have seen it all, I am reminded of the wild and crazy world we live in. I have now seen ...

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Accounting, law firms continue to hire recent graduates

Despite concerns about the state of the economy, local law and accounting firms are still hiring new graduates. Work experience and academic performance remain key attributes for potential hires. Accounting and legal firms often have teams that carefully screen applicants. ...

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First Niagara prices stock sale at $12 a share

First Niagara Financial Group Inc. has priced its stock offering at $12 a share, and plans to sell 33.3 million shares of common stock to raise $400.1 million.

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Brokerage Firms

(Ranked by number of local brokers*) 1. Ensemble Financial Services Inc.   179 Sully’s Trail, Suite 302   Pittsford, NY 14534   (585) 419-1010   www.ensemblefs.com Number of Local Brokers(1,2)/Support Staff: 91/13 Average Tenure of Brokers(In years): 7 Number of ...

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Genesee Regional Bank moving main office

Corporate offices of Genesee Regional Bank will be moved this weekend to 190 Linden Oaks in Pittsford, with the Pittsford bank branch to remain at 3380 Monroe Ave.  The move is to begin at the close of business today, and ...

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Commission seeks overhaul of Power Authority programs

The Citizens Budget Commission on Tuesday called for the New York State Power Authority's economic development programs to be phased out and existing contracts be allowed to expire.

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Small firms connect with clients, nimbly tackle changes

In January, President and CEO Wayne Holly wrote a letter to clients of Sage Rutty & Co. Inc., assuring them that the money management firm would be by their side as markets plunged.  At the end of 2008, clients saw ...

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As pay cuts, job losses loom, finances undergo scrutiny

Nancy Sousa left Eastman Kodak Co. in 2003 to be an executive at Given Imaging Inc., a startup developer of medical devices in Atlanta.  She left that company in 2006 for another startup, Mazor Surgical Technologies Inc., and was chief ...

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Stimulus funds working for small businesses

Last October, small businesses were hit by a sharply worsening economy that resulted in frozen credit lines and diminished access to capital. This included a major drop in loans backed by guarantees through the U.S. Small Business Administration.  In February, ...

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Big gets bigger

On the first anniversary of Lehman Brothers’ collapse, President Barack Obama traveled to New York City this week to address Wall Street’s power players and make the case for "the most ambitious overhaul of the financial system since the Great ...

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Schumer touts legislation protecting from bank fees

Sen. Charles Schumer wants to reduce the amount of overdraft fees charged to customers by the banking industry and is pushing legislation that would curb banks’ alleged abusive practices, he said Monday.

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Digging for the roots of the Great Recession

The greatest economic crisis the world has seen in nearly three-quarters of a century did not begin with the collapse of Lehman Brothers a year ago. But the bankruptcy of that storied Wall Street firm on Sept. 15, 2008, signaled ...

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