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Buffalo Business Report - Tuesday, December 11th 2012



The FDIC has released another quarterly banking profile for New York.  According to Business First, net income for the 117 reporting commercial banks was DOWN 9.6%, at $3.8 billion for the first 9 months of 2012.  The data does not take into account savings banks.  Nationally, net income was UP 6.6% for the same period.

M&T Bank is increasing its fee for insufficient funds and overdraft protection as of January 17th.  The $38.50 charge will also apply to savings and money market accounts with insufficient funds or overdrafts as of March 5th.

Roswell Park Cancer Institute can proceed with a planned expansion of its blood and marrow transplant clinic.  The state Health Department has approved the $1.7 million project.  That project is expected to take twelve months to complete when its begun next year.

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Locations : Buffalo, New York
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