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Banking & Finance

ESL branches out to Livingston, Genesee counties

Construction has begun on ESL Federal Credit Union’s first branch in Livingston County, on Ryan Drive in Geneseo, with work scheduled to be completed by December.

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ICCC program accepting nominations

The Initiative for a Competitive Inner City is accepting nominations for its Inner City Capital Connections program, which educates investment-ready inner-city companies about equity and growth capital and matches them with potential investors.

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Keep business and personal finances separate to avoid headaches

  "East is East, and West is West, and never the twain shall meet" may be wiser than some business owners recognize. Suppose you’re Jack or Judy West, owner of East Widgets. If the East account balance is too low ...

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Canada OKs M&T for office in Toronto

M&T Bank Corp. has received approval from Canadian regulators to open a commercial banking office in Toronto, the Buffalo-based financial institution announced Monday.

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Van Dusen ranks 12th on Barron’s list

Pittsford’s Lori Van Dusen ranks 12th on Barron’s magazine’s list of top 100 women financial advisers, released this week, with $4.8 billion in assets under management.

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Non-profits need to continue transformation to ensure future success

"An ounce of prevention is worth a pound of cure."                                                     -Benjamin Franklin The hapless BP has the proverbial tiger by the tail. In fact, it appears to me from a recent "60 Minutes" segment that the company is wrestling ...

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Venture capital firm plans to bring 250 tech jobs here

British venture capital firm Cody Gate Ventures LLP has picked Eastman Business Park as the expansion site for three of its portfolio companies, with 250 high-tech jobs to be created, officials announced Tuesday.

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AM&M Financial may get new office, name

AM&M Financial Services Inc. is looking for a new headquarters in Perinton and will likely have a new name after 33 years of business. Parent company Tompkins Financial Corp. is combining AM&M’s operations with Tompkins Investment Services and is looking ...

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Finger Lakes bank parent issues capital offering

USNY Bank Inc., the holding company for Bank of the Finger Lakes in Geneva, has issued a capital offering to raise as much as $5.8 million to complete its stock redemption and to provide additional working capital, bank officials said Wednesday.

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Capital forum scheduled for June

A capital forum on trends in the medical information marketplace is set for June 8 from 5-9 p.m. at Locust Hill Country Club on Jefferson Road in Pittsford, officials announced Monday.

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Firms collaborate to construct ESL headquarters

  Complex planning and an aggressive schedule did not cause snarls during the construction of ESL Federal Credit Union’s new downtown headquarters, thanks in part to swift responsiveness from the company and the city of Rochester. Good collaboration among some ...

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ESL moving into business banking

ESL Federal Credit Union, the kingpin among Rochester-area credit unions, is planning to unveil a business banking platform this year, President and CEO David Fiedler said. ESL, whose total assets of $3.9 billion are nearly five times more than any ...

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Xerox inks deal with Ohio bank

Xerox Corp. will manage Huntington Natonal Bank’s print infrastructure, a deal that will better control the way documents are printed, shared and updated at the bank’s Ohio headquarters and across more than 600 branch locations.

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