BSB Bank & Trust Announces Agreement to Sell Oswego, N.Y. Branch Office.Business Editors BINGHAMTON, N.Y.--(BUSINESS WIRE)--Feb. 2, 2001 BSB BSB Backstreet Boys BSB Bayerische Staatsbibliothek BSB British Superbikes (motorcycle racing series) BSB Bachelor of Science in Business BSB Bandar Seri Begawan (capital of Brunei) Bank & Trust Company, headquartered in Binghamton, New York This article is about the City of Binghamton, New York. For the adjacent Town of Binghamton, see Binghamton (town), New York. Binghamton is a city located in the Southern Tier of New York in the United States. It is the county seat of Broome County. , has announced that it has entered into a definitive agreement to sell its Oswego Branch to Oswego County Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. , Oswego, New York Oswego is a city in Oswego County, New York, United States. The population was 18,096 at the 2000 census. The 2005 population estimate for the city of Oswego is 17,705. Oswego is located on Lake Ontario in north-central New York and promotes itself as "The Port City of Central New . BSB Bank & Trust Company acquired the Oswego Branch from the former Skaneateles Savings Bank when BSB Bancorp Inc. acquired that bank in 1999. The Oswego Branch will continue to operate as a branch office of Oswego County Savings Bank. The branch is located inside the P & C Supermarket on Route 104 East, Oswego, New York and has approximately $4.5 million in deposits and $1.5 million in loans. No loss of jobs is anticipated. The transaction, which is subject to regulatory approval, is expected to close in the second quarter. Terms of the transaction were not disclosed. Howard W. Sharp, President and C.E.O. of BSB Bank & Trust Company stated, "We are pleased to announce this transaction and believe the sale will enable BSB to concentrate its efforts on the further development of the eight (8) full-service Onondaga County branch offices that comprise the bank's Central New York Central New York is a term used to broadly describe the central region of New York State, roughly including the following counties and cities: Cayuga County – Auburn Cortland County – Cortland Madison County – Oneida Region." |
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