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Alternative asset manager makes $53M bet on Manning & Napier
Abacus Global Management acquired a $53 million minority stake in Manning & Napier, forming a strategic alliance to enhance wealth management and financial planning.
Regional banking veteran tapped to lead Tompkins Community Bank
Tompkins Community Bank appointed a new president-elect, succeeding John McKenna, who is retiring in July after 17 years.
Rochester’s M&A market shows renewed momentum
The Rochester mergers and acquisitions market is gaining momentum in 2026, driven by private equity interest and strong deal pipelines despite economic uncertainties.
Francis Clement’s client-centered approach to financial planning
Francis Clement of Clement Wealth Management champions client-focused financial planning, prioritizing personalized strategies over product sales.
Excellus BCBS posts $108M operating loss in 2025 amid rising health care costs
Excellus BlueCross BlueShield reported a $108 million operating loss in 2025 due, in part, to rising medical medical costs.
Auburn branch marks latest step in CNB’s Central NY growth
Canandaigua National Bank plans to open its first Auburn branch in spring 2027 as part of its Central New York expansion strategy.
URochester approves tuition increase for 2026-27
The University of Rochester approved a 3.9% tuition increase for 2026–27, raising undergraduate tuition while dedicating $150 million to merit- and need-based financial aid.
Mendon-based Bullfinch Fund ranks top value mutual fund in 2026
Carosa Stanton Asset Management’s Bullfinch Fund Unrestricted Series ranks No. 1 nationwide among value mutual funds in 2026.
Rochester lawmakers target earned wage access payday lending
Rochester State Sen. Samra Brouk is sponsoring the STOP Act, legislation aimed at curbing payday-style lending practices by app-based EWA companies
Xerox posts Q4 revenue growth
Xerox reported Q4 revenue of $2.03B, as losses persisted and the company advanced its Lexmark integration amid macroeconomic headwinds.
Modern Wealth expands Rochester presence with Houck-led advisory acquisition
Modern Wealth Management acquires a Rochester-based advisory practice led by Craig Houck, adding a $300 million team.
Family First Credit Union acquires Focus First Credit Union
Family First Credit Union has completed the acquisition of Focus First Credit Union, which serves the Gates and Chili communities.
