Ridgewood turns 90
Ridgewood Savings Bank, which has branches in Bronxville, Yonkers and New Rochelle, hosted a reception at its Queens headquarters to mark the 90th anniversary of the mutual savings bank.
To commemorate the anniversary, the Office of Queens Borough President Helen Marshall issued a “Ridgewood Savings Bank Day” proclamation.
Founded in 1921, the bank has assets of $4.6 billion and 35 branches in the five boroughs, Long Island and Westchester County.
”˜Energy-efficient”™ funding available
The New York State Energy Research and Development Authority will allocate $13 million in low-interest loans for small businesses and nonprofits to finance energy-efficient improvements.
Under the Green Jobs Green NY Act, another $5.6 million will be made available for access to customized energy audits.
Under the energy-efficient financing program, NYSERDA and a lender will share the cost of the principal, with state authority footing 50 percent of the cost up to $26,000 at 0 percent interest.
According to NYSERDA, the lender will provide the remaining principal at market rate. To be eligible for financing, a small business or nonprofit in the state must have a qualified energy audit from either NYSERDA or its utility service provider and must own, lease or manage the facility.
Real estate exec joins bank board
Mark Zucker, president of the real estate management and development firm Zucker Associates in New City, has joined the business development board of Yonkers-based Hudson Valley Bank.
Zucker Associates owns and manages apartment buildings and retail shopping centers, including Clarkstown Plaza in New City and Sport-O-Rama in Monsey.
Zucker will be tasked with fueling the growth and expansion of the bank, particularly addressing the needs of individuals and businesses in Rockland County where the bank has a branch in New City.
Second-quarter earnings update
KeyCorp”™s earnings were markedly up for the second quarter, with net income from continuing operations at $243 million, up from $56 million last year.
The loan-loss credit in the second quarter was $8 million, compared to a charge of $228 million in the second quarter last year.
Tompkins Financial Corp.”™s numbers were also up with a reported net income of $9.4 million for the second quarter, up 4.1 percent from the same period last year.
Net income for the first six months of 2011 was $18.2 million, compared to $17.4 million reported last year.
