This Week
  • Architect David Hanlon has worked with some of the area's leading developers.

  • For startup companies, legal and accounting missteps can prove costly.

  • Wilmorite hopes soon to win approval for $425M casino in Seneca County.

  • ID Signsystems Inc. has grown from a local company into an international business.

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

  • The RBJ 75 supplement presents a list of the 75 largest private-sector employers.

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.


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