New York

TrustCo Bank Corp NY of Glenville, N.Y., has completed a stock offering, raising about $68.1 million in fresh capital.

Signature Bank said it would offer at least 4.1 million shares of common stock, which would raise its number outstanding by 9.9%.

Glens Falls National Bank and Trust Co. in New York has promoted Thomas J. Murphy to president of the bank and senior vice president of its parent company, Arrow Financial Corp., effective July 1

Deborah Wright has likely never been as happy to be a New Yorker as she is this week. Carver Bancorp, a struggling thrift company where Wright is the CEO, managed to bring in $55M in capital in a deal led by many of the city's heavyweights.

Provident Bank in Montebello, N.Y., announced Monday that longtime President and Chief Executive Officer George Strayton is retiring and that its board has hired former KeyCorp executive Jack Kopnisky to succeed him.

TrustCo Bank Corp. in Glenville, N.Y., plans to sell 13.6 million shares of stock in a public offering.

New York State is considering legislation that would carve out an exception for check cashers from its 25% cap on interest rates for short-term loans, a move consumer advocates say is a backdoor attempt to allow payday lending in the nation's third-most populous state.

Bridge Bancorp in Bridgehampton, N.Y., said late Friday that it had completed its $6.3 million acquisition of Hamptons State Bank of Southampton, N.Y.

Shares of Herald National Bank rose more than 25% Tuesday after Bloomberg reported that BankUnited in Miami Lakes, Fla., was in talks to acquire the small, New York-based commercial bank.

Polish and Slavic Federal Credit Union in New York has hired Oskar Mielczarek, an experienced banker, as its president and chief executive.

Two weeks after First Niagara Financial Group in Buffalo announced it is adding hundreds of jobs in western New York, the chief executive M&T Bank Corp. said his company expects to create 133 new jobs in Buffalo as a result of its acquisition of Wilmington Trust Corp. in Delaware.

Suffolk Bancorp in Riverhead, N.Y., has announced that it may need to restate earnings for several quarter after identifying weaknesses in its methodology for calculating loan losses.

The choice of private equity's Edward Grebow to lead the union-owned Amalgamated Bank might still be considered an odd coupling — if the deficit-laden institution wasn't bleeding out profits and capital.

First Niagara Financial Group in Buffalo is planning to add 500 new jobs over the next five years to support its rapid expansion.

Thomas O'Brien, the chief executive and president of State Bancorp, just proved the adage that short-term pain can sometimes yield long-term gains.

Amalgamated Bank in New York has named Edward Grebow, a former private-equity firm executive, as its president and chief executive.

Sterling Bancorp said the Treasury Department has approved its exit from the Troubled Asset Relief Program. On Wednesday Sterling redeemed all $42 million of preferred stock tied to Tarp.

Sterling Bancorp in New York reported Tuesday that first-quarter earnings rose 71% from a year earlier, to $3.3 million. The $2.39 billion-asset company's loan-loss provision was halved from the first quarter of 2010, to $3 million.

Fueled by strong loan growth and record deposit growth, Signature Bank in New York is coming off its most-profitable quarter in its 10-year history.

First Niagara Financial Group Inc. in Buffalo, N.Y., reported a slight dip in earnings compared with the previous quarter as it completed its acquisition of NewAlliance Bancshares Inc.