Bank on Buffalo's parent company likes the new bank's results so far in the Buffalo Niagara market.
"We are encouraged by the strong loan pipeline across our entire footprint but especially the Buffalo market," said Joseph B. Bower Jr., president and CEO of CNB Financial Corp., in a statement announcing the bank's first quarter earnings. "Buffalo has given us a very warm welcome, and we couldn't be more excited to be there and help this area grow."
Bank on Buffalo, led by president Martin Griffith, is a division of Pennsylvania-based CNB. Its downtown location in the Electric Tower became a full-service branch in February, and the bank is preparing to open two other branches, in Amherst and Orchard Park.
CNB Financial reported net income of $6.5 million in the first quarter, up 29 percent from a year ago.