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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Jan 16, 1998

Page

4

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

At Technology Corp Par Phoenix Systems & Technologies

Also Mentioned on This Page

Skaneateles Bancorp Pathfinder Bancorp Key Bank Cee Me Eamation Herald-Journal Dow Jones AMEX Business News Wall Street le SS Bill Gouverneur Eer Pitcairn Schweinsberg SERRY David Barry Stewarts Shops Jefferson County New Jos Doyte Mountain Laurel Studios Webster Yelen ChaseDesign Skamafeles Doyle Syrause Company Matters Enable United Cerebral Palsy Assistive Technology Society of North America Tracey Prokop Ithaca Carl Galger Lafayetta Prokop Geiger Ive Technology Society of North America Susan Royal c/o Herald- Journal Business Desk P.O. Box N.Y Western Lights Plaza James T. Mulder W. Genebbe Faza Syracs Onondaga Johorat Syta Kuwan Pion
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