Company Overview of Alliance Financial Corporation
As of March 8, 2013, Alliance Financial Corporation was acquired by NBT Bancorp, Inc. Alliance Financial Corporation operates as the holding company for Alliance Bank, N.A. that provides retail and commercial banking, and investment management services in New York. Its depository account services include interest and non-interest-bearing checking accounts, money market accounts, savings accounts, time deposit accounts, and individual retirement accounts. The company originates residential and commercial mortgage loans, business lines of credit, working capital facilities, and business term loans, as well as installment loans, home equity loans, and personal lines of credit. It also offers in...
120 Madison Street
Syracuse, NY 13202
Founded in 1984
Key Executives for Alliance Financial Corporation
Alliance Financial Corporation does not have any Key Executives recorded.
Alliance Financial Corporation Key Developments
Alliance Financial Corporation, Special/Extraordinary Shareholders Meeting, Mar 07, 2013
Feb 15 13
Alliance Financial Corporation, Special/Extraordinary Shareholders Meeting, Mar 07, 2013.
Alliance Financial Corporation(NasdaqGM:ALNC) dropped from NASDAQ Composite Index
Feb 11 13
Alliance Financial Corporation will be removed from NASDAQ Composite Index
Alliance Financial Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2012
Jan 28 13
Alliance Financial Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. The company announced net income for the quarter ended December 31, 2012 of $1.3 million or $0.28 per diluted common share, compared with net income of $2.8 million or $0.60 per diluted common share in the year-ago quarter and $2.3 million or $0.48 per diluted common share in the third quarter of 2012. Net interest income totaled $9.6 million in the three months ended December 30, 2012, compared with $10.0 million in the year-ago quarter and in the third quarter of 2012. Income before income tax expense was $2 million against $3.6 million for the same period last year. Return on average assets and return on average equity were 0.38% and 3.66% against 0.80% and 8.19% of prior year period.
Net income for the year ended December 31, 2012 was $9.2 million or $1.92 per diluted share, compared with $13.3 million or $2.80 per diluted share in 2011. Net interest income for the year ended December 31, 2012 totaled $39.4 million, which was down $3.9 million or 8.9% compared with 2011 of $43.3 million. Income before income tax expense was $12.2 million against $17.8 million for the last year. Return on average assets and return on average equity were 0.65% and 6.40% against 0.92% and 9.88% of prior year period.
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