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The latest economic and banking news is not great for the region. The FDIC's second quarter report for New York State small commercial banks showed no financial gains for nearly 27% of banks with less than $100 million in assets. That figure is better than the 25% that had no financial gains a year ago.
The Empire State Manufacturing Index dropped to a negative 10.4. Business First reports that's the lowest reading in two years. New orders were down to a negative 14.0.
M&T Bank has added free mobile service for its customers. It allows them to receive text messages for things like a low balance, large deposits or withdrawals, and monitors suspicious activity.
Early returns on the local apple crop are not good. For Western New York and Southern Ontario farmers, many have lost as much as 80% of their crop. Much of that due to March warmth followed by an April frost.
