This Week
  • The seven Rochester Business Ethics Awards finalists are profiled.

  • Rochester mourns the loss of Larry and Jane Glazer.

  • Vibrant, updated properties can be easier to market than older ones.

  • When Robert Titus joined Innovative Solutions, he "had no idea" he'd become CEO.

  • For Christian Flooring owner Christian Curts, diversification has been a key factor in his success.

  • Robert Linton guides Jazz 90.1 through a new era in media.

Fairport Savings Bank parent sees net income jump

Rochester Business Journal
May 5, 2014

The mid-tier stock holding company for Fairport Savings Bank reported a jump in first-quarter net income.

FSB Community Bankshares Inc. reported earnings of $79,000, or a nickel a share, compared with net income of $7,000, or 0 cents a share, in the first quarter 2013.

The increase was driven by an 18 percent spike in net interest income, to $1.67 million in the most recent quarter, the bank reported last week.

Fairport Savings Bank ranks 13th in the Rochester market with local deposits of $314.6 million, data from the Federal Deposit Insurance Corp. shows.

(c) 2014 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or email service@rbj.net.


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google