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William Tiger, who helped turn around the performance at General Motors' Lockport plant, has retired as plant manager. Tiger was a veteran GM employee by the time he was named to the position in July 2015. The Lockport plant is an important piece of the region's manufacturing sector, with about 1,400 employees making automotive heating and cooling products. In 2016, GM …

Business

Mercy Hospital has opened its new cardiac surgical suites, part of a $12.5 million, 24,000-square-foot addition to the South Buffalo hospital. The new surgical suites are more than double the size of the hospital's existing operating rooms. The additional space allows equipment to be centered around the surgical field, while allowing space for staff to circulate around …

The law firm Lippes Mathias Wexler Friedman has opened an office in Washington, D.C., bringing its number of locations to six. The Washington office will be led by partners Michael G. Rossetti and Ian A. Shavitz, who joined Lippes Mathias from Akin Gump Strauss Hauer & Feld.  

Business

Launch New York has received a $200,000 grant from the John R. Oishei Foundation, to support a new "cleantech" incubator on the Buffalo Niagara Medical Campus. The grant will be allocated over four years. The Emerging Cleantech Opportunity Incubator aims to bolster seed and early-stage, high-growth potential clean energy companies. Launch New York earlier this year r…

The McGuire Group and McGuire Development are moving their offices to Cheektowaga. Effective June 25, the companies will relocate into more than 25,000 square feet at 455 Cayuga Road, in Airport Commerce Park. "This move signifies the rapid growth both of our organizations have experienced, as well as a need to be in a more centralized location to better serve our cu…

Local News

Christine Pusateri felt overwhelmed, and it was understandable. She visited her new home in Cheektowaga for the first time on Saturday, but it was no ordinary arrival. She rode in a chauffeured van, escorted down McNaughton Avenue by a Cheektowaga police vehicle and Patriot Guard Riders. The fire department hung an American flag from a ladder truck as dozens of flag-…

Business

At M&T Bank's annual shareholders meeting, a hush falls over the room when the chairman and CEO approaches to the lectern to start the proceedings. On Tuesday, for the first time in decades, that person was someone other than Robert G. Wilmers, who died last December. It was Rene F. Jones' turn to step to the microphone inside M&T's headquarters and weigh in on …

Business

Aurubis AG has moved a step closer toward selling its flat-rolled products business, which includes a North Buffalo plant. Aurubis and Wieland-Werke AG, both of which are based in Germany, said Tuesday they have signed a sales contract, but would not to disclose the purchase price. “We are extremely pleased that, with the signing of the sales contract, we were able t…

Business

Medium-sized businesses feel upbeat about the national economy, and are ready to act through more investment and wage hikes, according to a new M&T survey. "I think the enthusiasm in the post-tax cut package has shone through very much," said Gary Keith, regional economist with M&T. "It's not just large publicly traded companies, it's the business community in g…

Community Bank System president and CEO Mark E. Tryniski had total compensation of $3.1 million last year, up 18 percent from 2016. Tryniski's total compensation was 74 times that of the median total compensation for Community Bank System employees other than him, which was $42,164, according to a regulatory filing. Median indicates half of the employees' compensation w…

Business

The president and CEO of Bank on Buffalo's parent company received a 33 percent increase in his total pay last year. Joseph B. Bower Jr. of CNB Financial Corp. received $1.3 million in 2017, up from about $968,000 the year before, according to a regulatory filing. The increase included a 7 percent increase in his salary, to $520,000. His total compensation also included…

Business

Northwest Bank chairman and CEO William Wagner's base salary increased 5 percent last year, to $675,639, according to a regulatory filing. Wagner's total compensation increased 23 percent to $1.72 million, including a $172,182 bonus. His total compensation also included factors such as stock awards, option awards and change in pension value. Wagner had also served as…

Business

M&T Bank and the Buffalo Bills are seeking nominees for the annual "Touchdown for Teachers" program. Five finalists will be chosen, based on their involvement in the school and community, degree of positive impact and their demonstrated commitment to education. The grand prize winner will receive $2,000 in grant funds, payable to the teacher's school or district,…

ESL Federal Credit Union led in the number of loans in a federally backed small business loan program in February in the Buffalo-Rochester region. Rochester-based ESL recorded 18 of the U.S. Small Business Administration's 7(a) loans. Lyons National Bank, based in Wayne County, led in dollar volume for the month, with $785,000. Five months into the fiscal year, the t…

Business

Abdul S. Labi launched Precision Electro Minerals in Niagara Falls in 1987, in a city where he had once worked as a Carborundum manager. Now Labi is preparing to close the Portage Road business in April, citing higher energy and worker's compensation costs as key reasons. The company, also known as PEMCO, employs 15 full-time workers, plus some part time employees. P…