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State Coverage: New York

Evans Bancorp's Earnings Double on Improved Loan Quality

American Banker | Feb 09

Evans Bancorp Inc. in Angola, N.Y., has reported that fourth-quarter income more than doubled from a year ago, to $1.3 million, due to higher net interest income and a lower provision for loan and lease losses.

Sterling Bancorp in New York Reports Better Earnings as Loans Rise

American Banker | Jan 31

Sterling Bancorp's fourth-quarter profit rose 51% from a year earlier, to 5.3 million, as loan volume and net interest income improved.

Dime in N.Y. Offsets Lower Loan Income with Better Credit

American Banker | Jan 27

Dime Community Bancshares Inc. in Brooklyn, N.Y., said that fourth-quarter profit rose, despite a decline in net interest income, because of a lower loan-loss provision.

Tompkins Financial Is Pennsylvania Bound

American Banker | Jan 26

The Ithaca, N.Y., bank has been scouting for deals and said Thursday it has agreed to buy VIST Financial in southeastern Pennsylvania for $86 million in stock.

Suffolk Bancorp in New York Switches Accounting Firms

American Banker | Jan 26

Suffolk Bancorp in Riverhead, N.Y., said late Wednesday that it has a new accounting firm.

Astoria's Earnings Dinged by Decrease in Certain Loans

American Banker | Jan 26

Astoria Financial Corp. in Lake Success, N.Y., said late Wednesday that its fourth-quarter profits fell 50% from a year earlier, to $11.8 million, because of decreases in average interest-earning assets.

Tompkins in New York Overcame Margin Pressure to Post Profit

American Banker | Jan 25

Tompkins Financial Corp. in Ithaca, N.Y., reported higher quarterly and annual earnings on Wednesday despite mounting pressure in its net interest margin.

New York Community's 4Q Earnings Fall on Lower Noninterest Income

American Banker | Jan 25

New York Community Bancorp Inc. in Westbury, N.Y., reported Wednesday that fourth-quarter profits fell more than 21% from a year earlier, to $117.7 million, due largely to a decline in noninterest income.

Balance Sheet Growth Lifts Profit at New York’s Signature Bank

American Banker | Jan 24

Fueled by balance sheet growth, Signature Bank’s fourth-quarter profits rose 32% from a year earlier, to $40 million.

Community Bank System Plans Stock Sale, Reports Record 4Q Earnings

American Banker | Jan 23

Community Bank System Inc. in Syracuse, N.Y., is planning to raise $50 million in a stock sale primarily to fund its acquisition of 19 upstate New York branches from rival First Niagara Financial Group Inc.

Provident's Kopnisky Lures Bankers from N.Y. Rivals

American Banker | Jan 20

Provident Bank president and chief executive Jack Kopnisky wasted no time in making good on his promise to hire bankers away from his competitors.

Bridge Bancorp on Long Island Raising $24M

American Banker | Dec 16

Consolidation in the market has prompted Bridge to seek capital fast to fight back, the CEO says.

State Bancorp Repays TARP Funds

American Banker | Dec 14

State Bancorp Inc. in Jericho, N.Y., said Wednesday that it redeemed $36.8 million of preferred stock issued to the Treasury Department as part of the Troubled Asset Relief Program.

Deadline Set for Herald National Stockholders

American Banker | Dec 13

Shareholders for Herald National Bank of New York have until Dec. 21 to decide how they want to get paid in the proposed merger with BankUnited Inc. of Miami Lakes, Fla.

Bridge Bancorp in New York to Raise $10 Million

American Banker | Nov 21

Bridge Bancorp Inc. in Bridgehampton, N.Y., said late Monday that it will raise up to $10 million by selling common stock.

Survey

Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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