WBTA's Dan Fischer reports this morning that as some of the nation's largest financial institutions have floundered in recent weeks, upsate financiers Tompkins Financial Corp. have reported record earnings. Reported third-quarter earnings for the parent company of Tompkins Insurance and Bank of Castile are up 16 percent over last year's figures. A statement issued by the company cites their "high standards for risk management" as one of the reasons for the solid performance in tough times.
In other news, the Genesee County Legislature tabled a decision to purchase 238 acres in the town of Pembroke. Such a decision would permit the county to borrow up to $5 million for the purchase that would use the land for economic development. All that was said of the measure was that "we need more time," and most of the discussion was had during an executive session.
