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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Oct 16, 2000

Page

3

Should I roll over old 401K to new employer plan

Financial guidance suggests evaluating investment options and accessibility in the old plan versus the new. Rolling to the new plan often simplifies management and preserves tax deferral if the new plan accepts the assets. Consider a rollover IRA for broader investments, then consult a tax or financial advisor to avoid taxes.

CFS oOr Jack Liverpool Nancy Heighbaldwin.com

Community Bank expands in New York with outsized growth

Community Bank Systems, owner of Community Bank in De Witt with one Onondaga County branch, has grown across rural New York by acquiring branches dumped by larger rivals. It reports 2Q2000 revenue of 35.6 million, net assets near 19 billion, and gains from noninterest income and recent acquisitions including Elias Asset Management and Citizens National Bank of Malone. The firm emphasizes service in smaller markets, offers a wide range of financial services, and maintains a low price-to-earnings ratio while paying steady dividends.

de Witt Onondaga County Mui Aktohinet Olisais Community Bank For Song Franklin County Chautauqua County Barron’s Reading Bank Mar- Rola Luk Sanford A Belden Citizens National Bank of Malone Finciial Gunsudlz Elias Asset Management Williamsville Frm Belden

DTCC Links Global Exchanges to Ease Cross Border Trading

The DTCC envisions trading across borders as easily as within the United States. Investors could buy foreign shares directly, with clearance and settlement in the U S. The system already links exchanges in Germany Switzerland the UK and Hong Kong and plans to expand. It processes trades for every U S exchange handling equities and most bonds and holds vast shares of NYSE Nasdaq and AMEX.

United States DTCC DanlerChrysler Stock Exchange Switzerland United Kingdom Hong Kong Letaler DaimlerChrysler UBS Letzler New York Stock Exchange SEC

Personal bankruptcy as debt option and counsel advice

A Syracuse debt column recommends bankruptcy as an option for those unable to repay debts and suggests counseling. It notes downsides like credit history impact, and advises talking with family or a lawyer. Sharon Patchett of the Consumer Credit Counseling Service of Central New York provides guidance.

New York Business Syracuse Sharon Patchett Consumer Credit Counseling Service Central New York

Intel stock outlook and growth prospects amid acquisitions

Malcolm Berkes notes Intel dominates its industry with strong growth in communications and networking after acquiring Ambient Technologies and Thinkit Technologies. Bear Stearns and Value Line see profits rising 20 percent annually for five years and an $80 share within 12 months to two to three years. The Syracuse Newspapers publish Berkes column syndicated by Copley News Service.

Stearns Value Line Intel Bear Stearns Ambient Technologies Malcolm Berkes Copley News Syracuse Berko P.O Syracuse NY Win Bibull

Also Mentioned on This Page

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