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Net income jumps 48% at USNY Bank

By THOMAS ADAMS - 10/11/2012 2:51:52 PM

USNY Bank Inc., parent of the Bank of the Finger Lakes in Geneva, reported quarterly net income of $551,902, up 48 percent from a year ago.

Total assets for the company, which includes the Bank of Cooperstown, were nearly $135.6 million on Sept. 30, up 24 percent from nearly $109.5 million on Dec. 31, 2011, it announced this week.

“Our operating performance continues to run well ahead of our budget and last year’s actual results for the same period,” President and CEO Michael Briggs said in a statement.

USNY Bank is an independently owned commercial bank with its headquarters in Geneva.

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