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Banking & Finance

Sep 28, 2012

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 […]

Sep 28, 2012

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 […]

Sep 14, 2012

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. […]

Aug 31, 2012

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. 

Aug 29, 2012

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.

Aug 28, 2012

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.

Aug 27, 2012

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.

Aug 24, 2012

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 […]

Aug 24, 2012

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 […]

Aug 24, 2012

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 […]