Community Bank System Inc. of Syracuse said strong growth in its employee benefits consulting and wealth management business lines helped third-quarter earnings rise 21% from a year earlier, to $14.2 million.
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The $4.4 billion-asset Community said Monday that noninterest income rose 24% from the third quarter of last year, to $12.2 million.
The loan portfolio increased 17%, to $2.4 billion, with the bulk of the growth coming in residential mortgage and automobile lending. Commercial loan growth was flat.
