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Banking & Finance

Augmented reality will add images, information to real life

Sports fans are familiar with the computer-generated lines of scrimmage and first down displayed during televised football games; sci-fi fans may recall the displays used by RoboCop (or various Terminators) to assess their environment. The same technology is now being ...

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Banks

Banks, the local area is Monroe, Genesee,  Livingston, Ontario, Orleans and Wayne counties; ranked by 2009 total dollar value of local deposits  

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First Niagara reports jump in net income

First Niagara Financial Group Inc. on Thursday reported its third-quarter net income, excluding non-recurring items, rose 15 percent from a year ago.

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Tompkins Financial reports record net income in third quarter

Tompkins Financial Corp. on Wednesday reported record quarterly net income of $8.5 million, or 86 cents a share, up 6.6 percent from $7.9 million, or 81 cents a share, in the third quarter of 2008 and 5 cents better than Wall Street projections.

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Forte acquires Bryce Capital

Brighton money management firm Forte Capital LLC has purchased Perinton-based Bryce Capital Management LLC.

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Five Star parent posts Q3 profit

Financial Institutions Inc., parent of Five Star Bank branches in the Rochester market, reported third-quarter net income of $3.4 million, or 23 cents a share, a penny less than analyst projections.

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Spotlight: Personal income starts to edge up again

U.S. personal income grew 0.2 percent in the second quarter-a modest improvement but the first growth in a year, according to new data from the U.S. Bureau of Economic Analysis. In New York, personal income rose 0.2 percent from $902.1 ...

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HSBC remains on top

For the sixth straight year, HSBC Bank USA N.A. is the market share leader in local deposits in Rochester, data released last week by the Federal Deposit Insurance Corp. show. HSBC had $3.18 billion in local deposits at 39 offices ...

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Lawsuit targets CNB over notices for ATM fees

A Pennsylvania law firm specializing in class-action complaints has targeted the Canandaigua National Bank & Trust Co. in a suit seeking refunds for ATM customers who used machines that allegedly failed to properly post the fees charged. The suit, which ...

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Profit climbs at Northwest Bancorp

Northwest Bancorp Inc., parent of Northwest Savings Bank branches in the Rochester market, on Thursday reported its third-quarter profit climbed 22.7 percent.

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M&T profit jumps in third quarter

M&T Bank Corp. on Tuesday reported its third-quarter profit jumped nearly 41 percent. The bank reported net income of $128 million, or 97 cents a share, up from income of $91 million, or 82 cents a share, in the third quarter 2008.

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Q4: Michael Vadala, president and CEO, Summit Federal Credit Union

Q: You announced last week the acquisition of the Syracuse Federal Credit Union. Why did you decide to expand into the Syracuse market? A: The Summit really does not have a plan to expand into other geographic markets per se. ...

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Financial education is consumer protection

The new credit card law and the proposed Consumer Financial Protection Agency will affect the use of certain financial products but will not fully address the underlying issue that many believe led to the financial crisis: our nation’s failing grade ...

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Bank of America reports Q3 loss

Bank of America Corp., ranked seventh in the Rochester market in local deposits, on Friday reported a third-quarter loss of $2.2 billion, or 26 cents a share. That compared with earnings of $704 million, or 15 cents a share, a year ago.

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SBA Lenders

SBA Lenders that approved 7(a) loans to businesses in Monroe, Livingston, Ontario, Seneca, Wayne and Yates counties; ranked by dollar volume of 7(a) loans approved locally during the SBA's last completed fiscal year

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