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Street wary of economy’s impact on Paychex
A gradually improving economy has Paychex Inc. officials optimistic that the company can continue the growth it has seen since the lows of the Great Recession, but analysts weary of the sluggish economy express a more uncertain assessment of the company. Paychex reported financial results this week from its fiscal first quarter, a period with […]
Leader drives growing firm
Kirk Jensen has spent his first three months at First Niagara Risk Management Inc. traveling throughout its territory, trying to meet as many of his nearly 400 employees as practical. "It’s been a great experience uncovering all the wonderful people we have and trying to help them work together across all of those offices that […]
Bonadio & Co. names new COO
Bonadio & Co. LLP, the largest accounting firm in the Rochester market, has promoted Robert Enright to chief operating officer, the latest step up the ladder for the non-CPA. Enright, 45, replaces John Magee, who is no longer with the firm, Managing Partner and CEO Thomas Bonadio said. Enright joined Bonadio & Co. […]
Credit Unions
Information was provided by individual credit unions that responded to an email or fax survey; Ranked by total assets as of Dec. 31, 2011.
Westchester mortgage firm closes Rochester office
Guaranteed Home Mortgage Co. Inc., a downstate-based residential mortgage investment and banking firm, has closed its local branch.
Humphrey steps down as Financial Institutions chief executive
Peter Humphrey has retired as president and CEO of Financial Institutions Inc. and Five Star Bank, the company said Tuesday.
M&T to acquire N.J. bank in $3.7 billion deal
M&T Bank Corp. plans to acquire Hudson City Bancorp Inc., in a $3.7 billion stock and cash deal that will add 135 branches, primarily in New Jersey, officials said Monday.
A CNB timeline
1887: Acquires incorporation certificate and opens for business. Deposits total $35,515 on the first day, loans $2,600. 1889: Deposits total $192,000. 1890: Sets directors’ fees at $5 per meeting attended. 1900: Orders a telephone line. 1919: Receives trust powers. 1924: Installs an alarm system. 1933-34: Forgoes paying dividends due to the Great Depression. 1935: Resumes […]
CNB traces start back to the 19th century
As a leather and wool dealer in the late 19th century, Henry Hamlin often carried a large amount of cash to conduct business. Muddy roads separated the East Bloomfield resident and his horse-drawn buggy from the dozen banks then in Canandaigua. When the well-heeled merchant did go to Canandaigua to bank, his neighbors often […]
Bank continues to play key role in community
A desire to help others is deeply ingrained in the Canandaigua National Bank & Trust Co. "It’s really a fabric-it’s a word I like to use-of our culture," said Stephen Martin, senior vice president. The company encourages its approximately 500 employees to give their time and energy to non-profit organizations, cultural institutions and other […]
