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Today’s Top Stories

Stock performance of LNB’s holding company recognized (access required)

Lyons Bancorp Inc. (OTCQX: LYBC), the financial holding company for The Lyons National Bank, has been named to the 2023 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.   The list recognizes national and international companies of all sizes, industries and geographic regions and both large and small cap stocks.  

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Salvatore’s to open pizza franchise in Florida (access required)

Fairport native Ferdinand Formoso will open the first out-of-state Salvatore's in Jacksonville. The target date for opening is July 5, the 45th anniversary of the first Salvatore's on East Main Street in Rochester. "I am honored beyond words that Sam and his team have accepted me into the Salvatore's family," said Formoso, a doctor of osteopathic medicine with two medical offices in Jacksonville. "I am excited to bring their amazing food to Florida and show the folks here what a real pizza is supposed to taste like." Salvatore's has 31 full-service locations in the Rochester area, plus two outlets (at Innovative Field and the Frederick Douglass Greater Rochester International Airport). There also are two Donuts Delite stores, a subsidiary of Salvatore's.

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BOA grant will help expand nonprofit’s local programming   (access required)

The Center for Employment Opportunities was recently named the 2022 Bank of America Neighborhood Champion in recognition of its work in the Rochester community to remove employment barriers and advance economic opportunity for justice-impacted Rochester residents.  As part of the Neighborhood Champions program, the local organization will receive $50,000 in flexible funding and an opportunity for engagement in virtual leadership training delivered by experts in the nonprofit sector on topics like human capital management, increasing financial sustainability and storytelling.  

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Union accuses Hickey Freeman of ‘stealing worker wages,’ company denies allegation (access required)

The union representing workers at Hickey Freeman is accusing the iconic Rochester-based men's clothier of stealing workers' wages and shirking benefit obligations. The Rochester Regional Joint Board (RRJB) of Workers United filed an unfair labor practice charge with the National Labor Relations Board (NLRB) on Tuesday against Hickey Freeman over the alleged diversion of funds.

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The Beer Market has a new name (access required)

Small restaurant and beverage franchise The Beer Market has rebranded to Beerhead Bar & Eatery. Beerhead combines the appeal of a rotating selection of draft beers from local and regional brewers, as well as wine and other locally sourced beverages and food offerings. The company says the rebrand is meant to expand the consumer experience from a haven for beer-lovers to more of a family friendly atmosphere.

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Five Star Bank opens Syracuse office  (access required)

The new office provides the bank with entrance into Onondaga County, expanding its Upstate New York footprint to 15 counties throughout Western New York, the Southern Tier and the Finger Lakes region.   Five Star Bank’s Syracuse office will be home to a three-person commercial and industrial team led by Alison K. Miller, Central New York Regional president and commercial and industrial executive. 

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Sales, profit up for Xerox in Q4  (access required)

"Our employees and partners worked hard to deliver the highest level of revenue since the start of the pandemic and I am proud of the focus and dedication which led to these results,” said Steve Bandrowczak, Xerox CEO, in a statement. “As macroeconomic uncertainty extends through this year, we will continue working alongside our clients to develop and deploy essential workplace solutions and services, positioning Xerox for long-term growth in profitability." 

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HUNT Real Estate names new VP for Rochester region (access required)

HUNT Real Estate has named Susan Ballard regional vice president for the firm's Rochester and  Buffalo/Niagara regions. Susan Ballard, regional vice president for HUNT Real Estate's Rochester and Buffalo/Niagara regions (photo provided). She has been tasked with guiding HUNT's Western New York territories to the company's "model region status," which involves a set of metrics designed to underscore professional achievement and productivity.

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Paychex expands Board of Directors, adds IT expert as newest member   (access required)

"As a respected technology expert, successful entrepreneur, and CEO, Theresa Payton is a rare combination of highly sought-after skills," said Martin Mucci, Paychex board chairman in a statement. "Her business acumen, intense focus on the needs of clients and her ability to provide sound governance insights on digital and security risks will make her a strong addition to our Board of Directors."

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