Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

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 ...

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.

(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 ...

First Niagara Financial Group Inc. will offer $400 million of common stock, its third offering in the last 12 months, the Lockport-area bank said Wednesday.

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.

The Rochester Armory, built on a 10.7-acre lot on Culver Road in 1916, will be auctioned off on Oct. 27.

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 ...

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 ...

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, ...

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 ...

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.

As a banker, I have been fielding an increasing number of calls these days from people who have been laid off and are looking to buy businesses.  As one who embraces the entrepreneurial spirit, I can see the reasoning: Because ...

Pittsford-based Lori Van Dusen ranks 63rd on the new Barron’s list of the top 100 independent financial advisers.  Van Dusen, a managing director at the Pittsford office of Convergent Wealth Advisors LLC, is on the independent list for the first ...

(Ranked by number of local CPAs*) 1. The Bonadio Group (3)   171 Sully’s Trail, Suite 201   Pittsford, NY 14534   (585) 381-1000   www.bonadio.com No. of CPAs Local/Outside Local(1) Area: 79/37 Total Staff Local/Outside Local(1) Area: 167/146 No. ...

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 ...