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Bank of Cooperstown Reaches New Equity Goal

BOC_LogoUSNY Bank, which operates as Bank of the Finger Lakes in Geneva and Bank of Cooperstown in Cooperstown and Oneonta, has raised $3.75 million through an offering of common stock, according to USNY Bank President & CEO Mike Briggs.

The new equity capital was raised through an offering to existing shareholders and new investors.

Briggs also noted that the bank recently surpassed $250 million in total assets.

With the help of local contractors and businesses, the bank recently completed renovations of the former Boy Scouts headquarters in the Town of Geneva. This building will now serve as the bank’s corporate office. The Bank of the Finger Lakes Branch, located at 389 Hamilton St. in Geneva, will soon receive a facelift as well.

“We constantly invest in our people, technology, and facilities to better serve our customers and prepare for the future, said Briggs. Our tagline, “What Starts Here, Stays Here” is designed to demonstrate that strong support for our bank customers and the communities
we serve.”

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