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Bank of the Finger Lakes net income rebounds in Q2

Rochester Business Journal
July 9, 2014

The parent of the Bank of the Finger Lakes in Ontario County reported a 39 percent increase in net income for the second quarter, rebounding from a 24 percent drop during the first three months of 2014.

USNY Bank, the Geneva-based holding company for the Bank of the Finger Lakes and the Bank of Cooperstown, this week reported net income of $737,742 for the quarter ended June 30, up from $530,063 in the first quarter.

“We generated record quarterly earnings and achieved another important milestone when we exceeded $200 million in total assets late this past quarter,” President and CEO Michael Briggs said in a statement released Tuesday.

Assets totaled $200.8 million on June 30, the bank reported.

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


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