Share this article

print logo
Business

WARSAW – Five Star Bank's parent company has aimed to broaden its sources of income, and the Buffalo area figures heavily into those plans. Financial Institutions, based in Wyoming County, acquired the Scott Danahy Naylon Insurance Agency in Amherst nearly five years ago. And just over three years ago, the bank bought the advisory and wealth management firm Courier Capi…

Business

Buffalo Orthopaedic Group is joining Catholic Health's physician practice network, Trinity Medical WNY. The full integration of Buffalo Orthopaedic Group will be completed over the next few months. Buffalo Orthopaedic Group locations and phone numbers will be unchanged during the transition. Five physicians and about 40 employees, including midlevel providers and sup…

Business

Unifrax has acquired Stellar Materials, a maker of specialty chemistries and materials based in Boca Raton, Fla. Terms of the deal were not disclosed. Stellar's Thermbond products serve as linings in furnaces used in the metals, minerals and hydrocarbon processing industries. Stellar has a manufacturing facility in Whitmore Lake, Mich. Unifrax, based in the Town of T…

Business

The African American Veterans Monument is nearing its fundraising goal and aims to hold a ribbon cutting on July 4, 2020. The committee spearheading the monument has achieved about 93% of its $1.5 million fundraising goal, said Warren Galloway, the committee's chairman. The monument will be located at the Buffalo and Erie County Naval and Military Park at Canalside. …

Business

HSBC Bank USA is considering opening even more branches in the Buffalo Niagara region. The bank is already preparing to open a branch at its customer service and operations center in Depew by year-end. The decision was a reversal from seven years ago, when the bank finished selling its upstate branch network to First Niagara Bank in a blockbuster deal. At the time, H…

Business

When Five Star Bank's parent company holds its annual meeting on Wednesday, a longtime board member with family ties to the bank's growth will step aside. James Wyckoff, 67, has served on Financial Institutions' board since 1985 but is not seeking re-election. His term will expire at the annual meeting, which will be held at the bank's Warsaw headquarters. Wyckoff is…

The Small Business Administration's Office of Advocacy is inviting small business owners to share their opinions about federal regulations at a series of forums scheduled for Tuesday through Thursday. • Agribusiness and small business forum, 10 a.m. to noon Tuesday, Niagara County Department of Economic Development, Sanborn. • Innovation and technology small business…

Business

In June 2017, workers at Wendt Corp. voted in favor of joining a union. Two years later, they are still waiting for a first contract to approve. The union and management of the Cheektowaga manufacturer blame each other for a lack of progress. The two years since the certification election have included rallies outside the Walden Avenue plant, numerous bargaining sess…

Business

Noco's name will eventually disappear from its convenience stores in the region, when 33 Noco Express locations are sold and rebranded as Speedway stores. But the impending sale of the stores and a fuel terminal in the Town of Tonawanda to Marathon Petroleum hardly spells the end of Noco Energy Corp. Instead, the family-owned company will turn its attention and inves…

Business

John M. McKenna is eager to compete against big names like M&T Bank and KeyBank. McKenna, 52, is president and CEO of Tompkins Bank of Castile. The Batavia-based bank is celebrating its 150th anniversary this year, but opened its first Buffalo Niagara branch, in Amherst, just a few months ago. McKenna, a Rochester native, joined Tompkins Bank of Castile in 2009, …

Business

Grow-NY, a new business plan competition focused on the food and agriculture industry, will award $3 million in prizes. The competition will culminate Nov. 12 and 13 in Rochester, where finalists will pitch their ideas and business plans. Empire State Development is funding the competition and Cornell University is overseeing it. The competition is expected to genera…

Business

Jeff Toussaint worries about what will happen to his Medina farm if he is required to pay overtime to his workers once they have put in 40 hours per week. "I think there's a lack of understanding, that agriculture just can't function like a factory," Toussaint said. He's concerned about the financial impact on his operations and whether his workers might leave if he lim…

Business

M&T Bank wants to make this year's plaza event series about more than just hosting live performances. The bank is collecting used musical instruments throughout the series to donate to Buffalo Public Schools. M&T's chief marketing officer, Peter Eliopoulos, donated his seventh-grade violin on Monday, the opening day of the summer series. The donations will be…

Business

General Motors' decision to stop producing cars in March at its plant in Lordstown, Ohio, had personal implications for Mark Dearborn, Julio Vazquez and Amanda Adamson. They worked at the plant and have relocated to continue their careers with GM. All three of them transferred to the same place: GM's engine plant in the Town of Tonawanda. As GM restructures and stops…

Business

Linde's sprawling campus in the Town of Tonawanda – known until recently as Praxair – is getting refreshed. The company is adding four electric vehicle charging stations to its current collection of 12, as demand from drivers grows. Inside the buildings, sleek LED lighting systems are replacing old, energy-hungry systems. Better building controls systems will help Linde…