Buffalo Business Report - Tuesday, April 15th 2014
A deal announced at the end of February has been completed. One Equity Partners, the global private investment arm of J.P. Morgan Chase & Co. has acquired PeroxyChem, a business division of FMC Corp. That deal was valued at approximately $200 million.
The Credit Union Association of New York's latest report indicates Empire State credit unions outperformed their national peers in several major categories. Those include growth in membership, assets, deposits and lending. The 4.5 percent increase in yearly membership in New York nearly doubled the national average of 2.5%. New York's 394 credit unions hold more than $65 billion in assets.
M&T Bank net income came in at $1.61 per share for its first quarter. That's thirty-seven cents less per share than last year for the same period.
Melanie’s Sweets Unlimited is back for at least one more year at the Broadway Market. Business First reports the owner is looking to sell, but only to the right buyer. Melanie's is known for its lamb cake's, an Easter tradition that results in 75% of its sales.