Skaneateles Bancorp reports 12.2 percent earnings rise
Paneateles Bancorp Inc parent of Skaneateles Savings Bank posts 1997 net income of $1.66 million or $1.13 per diluted share, up 12.2 percent from 1996. Income before taxes climbs 63.3 percent to $2.57 million as lending grows 43.9 percent. declares quarterly dividend of 7 cents payable Feb 18 to record Feb 3, after a 3-for-2 stock split on Dec 1.
MENTIONED IN THIS ARTICLE
Ahbett
Pathfinder Bancorp declares three-for-two stock split
Pathfinder Bancorp Inc formerly Oswego City Savings Bank announced a three for two stock split as a dividend on outstanding common stock. Record date is Jan 26 with no fractional shares issued and cash in lieu for fractions. PBHC ticker remains and Nasdaq Small Cap listing changes from OswegoS 10 PathRep. The bank operates five offices in Oswego County.
MENTIONED IN THIS ARTICLE
Pathfinder Bancorp Inc
Oswego City Savings Bank
Chris C. Gagas
Oswego County
Da Vinci Project of Central New York to Launch Site
A consortium of Central New York companies will unveil its Da Vinci Project web site at a 10 a.m. news conference Tuesday at the Milton J Rubenstein Museum of Science and Technology. The site will list engineering and other skilled job openings and invite resumes from engineers and technical professionals.
MENTIONED IN THIS ARTICLE
Central New York
da Vinci Project
Milton J. Rubenstein Museum of Science and Technology
Key Bank Tops Syracuse SBA Lenders List
The U S Small Business Administration released its annual list of top SBA lenders in the Syracuse district. KeyBank led with 105 loans totaling 8.5 million dollars for fiscal 1997. OnBank and First National Bank of Rochester each made 12 loans in Onondaga County, with OnBank at 1.4 million and First National at 1.1 million.
MENTIONED IN THIS ARTICLE
U.S. Small Business Administration
SBA
Syracuse
KeyBank
New York State Business Development Corp
Empire State Certified Development Corp
Onondaga County
onBank
First National Bank of Rochester
First National
Tony Fong
CD Nation builds community in Skaneateles as multi entertainment shop
CD Nation opened in May at 18 W Genesee St Skaneateles offering music videos cell phones and more. Owners Peter and Marie Shambo along with Bill and Beth Bennetts emphasize customer service personal financing and flexible sourcing with plans for special orders to please local customers from Auburn Marcellus Borodino and southern Syracuse.
MENTIONED IN THIS ARTICLE
CD Nation
W. Genesee St
Skaneateles
Peter and Marie Shambo
Bill and
Beth Bennett
Marie Shambo
Auburn
Marcellus
Boradino
Shambo
Syracuse
Marie
William
Bill Bannett
Buckeye Pipe Line Co
Beth
Community General Hospital
CD Nalion
Repayment Plan Draws Ire of Bennett Creditors
Bennett company creditors flood the bankruptcy court with objections and calls as Trustee Richard Breeden seeks to recalculate investor claims by subtracting interest already paid. About 150 creditors filed objections, 700 to 800 calls were logged by Syracuse finance firms, with a January 30 hearing set in Utica on the plan. Breeden says no one should benefit from the alleged scheme and that equity requires reducing claims to reflect actual payments. He notes the average claim would drop about 22 percent though total recoveries may stay similar. Breeden also questions repayment of $41 million in interest to 4,700 former investors and acknowledges potential settlements if money is unavailable.
MENTIONED IN THIS ARTICLE
Bennett Companies
Syracuse Finance Companies
Bennett
Richard C. Breeden
Breeden
The
Bennett-Fund-Ing-Com
Utica
Mer Chef Financial
Businesses recharge as power returns after ice storm
A week after northern New York hit by ice storms, power is returning and stores reopen across Jefferson, Chiton, Franklin and St. Lawrence counties. Pine Cleaners in Watertown reports a surge in motel laundry orders, while World of Leisure Travel endures restarting phones and a costly outage. Local shops in Brownville and Wanakena see mixed recoveries as a curfew and gas station outages ease. Reporter notes ongoing fragility of services despite restored power.
MENTIONED IN THIS ARTICLE
New York State
Jefferson
Chinton
Franklin
St. Lawrence
Vincent Petriloose Jr
Pine Cleaners
Watertown
Petriloose
NiMe
New York
Charles Schweinsberg
World of Leisure Travel
Schweisberg
Brownville
Stewart's
Robin Thorne
Wanakena
Dave Ziemba
Agency announces new staff at Mark Russell & Associates
In Syracuse, Mark Russell & Associates greets Julie Pisano as advertising assistant account executive and adds Kelly Doyle and Debra Yalen as graphic designers. Pisano coordinates production and scheduling, with prior sales experience at Automate Data Processing. Doyle freelanced at Mountain Laurel Studios, and Yalen designed at ChaseDesign.
MENTIONED IN THIS ARTICLE
Mark Russell & Associates
Syracuse
Julie Pisano
Kelly Doyle
Debra Yalen
Pisano
Western Lights plaza sold to Kansas developer for expansion
S&K Properties of Wichita bought Western Lights Shopping Center on Onondaga Boulevard in Geddes for an undisclosed sum. The buyer plans a 1.5 million overhaul to double the center’s size, with construction slated to begin in spring and wrap up by year end. Price Chopper and other tenants will remain.
MENTIONED IN THIS ARTICLE
Western Lights
Geddes
S&k Properties
Wichita
Kan
New Jersey
John Lynch
Onondaga Boulevard
Velaska Road
A.L. Levine
Kmart
C.E. Chapnell & Sons Department
Western
Lynch
National
Syracuse
Onondaga Hill
Westvale
Wegmans
Par Technology Sees Q4 Revenue Drop and Loss
Par Technology Corp foresees fourth quarter revenue of 28 to 29 million dollars, down 49 percent from 45.8 million a year earlier, with an 18 to 22 cent per share loss. An after-tax 1.2 million reserve charge and a 780 thousand tax benefit from a Phoenix loan guarantee affect results. The firm cited a missed large restaurant-industry order. results expected in early February.
MENTIONED IN THIS ARTICLE
At Technology Corp
Par
Phoenix Systems & Technologies
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