New York

JPMorgan Chase will provide $75 million for the creation of a career and technical education program to address youth unemployment.

Costs associated with M&T Bank's successful but prolonged effort to buy Hudson City Bancorp pushed the Buffalo, N.Y., company's fourth-quarter profit lower.

Fundation Group, an online small-business lender, has hired an industry veteran as its first chief operating officer.

Tompkins Financial in Ithaca, N.Y., said that its Tompkins Insurance Agencies unit bought Shepard, Maxwell & Hale Insurance.

Several small banks are beginning to offer employer-based loans, a payday loan alternative for under-banked consumers.

Banks have made changes to overdrafts, such as lowering fees offering clearer explanations. They better, as the CFPB will soon offer new rules for overdrafts. Plus, overdraft revenue has declined at many banks. Still unanswered is the question of how to offer short-term credit, if overdrafts disappear.

KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.

A former M&T Bank executive was sentenced to 39 months prison time for leading a fraudulent scheme involving about $5.3 million in small-business loans.

The Federal Reserve extended the public comment period for KeyCorp's proposed $4.1 billion takeover of First Niagara Financial Group until Jan. 31, after a lawmaker said communities affected by the deal need to weigh in.

Suffolk Bancorp in Riverhead, N.Y., has hired Fiserv as core processor and it plans to record a $1.4 million charge to cover the vendor switch.