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Tag Archives: Five Star Bank

Forecast for 2023: Expected recession may be swifter, softer than feared (access required)

When it comes to the uncertainty of the year ahead, local bank leaders stress that one of the ways consumers and business owners can get through it is by maintaining a strong relationship with their bank – and vice versa.

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Digital banking blooms, but in-person interaction still important (access required)

Interest in in-person banking had already been declining in recent years and those in the industry expect the restrictions imposed by COVID-19 to shift more people to online banking services even after things go back to normal. They stress, however, ...

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Local banks well stocked to survive, back up customers

Banks might want to tweak Arby’s catch phrase. Instead of “We have the meats,” they could be spreading their message of calm in the face of  COVID-19-related economic downturn by saying “We have the money.”  While other companies were announcing ...

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ESL’s Masood named to Federal Reserve’s advisory council (access required)

Faheem Masood, president and CEO of ESL Federal Credit Union, has been named to the Federal Reserve Board’s Community Depository Institution Advisory Council. The national council provides input to the Federal Reserve Board on the economy, lending conditions and other ...

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Five Star and Lyons National both post record statements (access required)

Two locally owned bank corporations–Five Star Bank and Lyons National Bank–experienced record-breaking income in the final quarter of 2019. The two represent the seventh and eighth largest banks in the Rochester Metropolitan area by local deposits, though both have deposits ...

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