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Buffalo Business Report - Thursday, May 30th 2013

The Federal Deposit Insurance Corporation reports banks pulled in a first quarter profit of $40.3 billion this year  That record amount boosted net income almost 16% above last year's first quarter.  Earnings were up for half of the banks surveyed.  

Astronics Corporation has purchased Portland, Oregon-based PECO Incorporated in a $136 million cash deal.  Business First reports PECO designs and manufactures interior components and systems for the aerospace industry.

Liazon Corporation has agreed to become the anchor tenant in Ellicott Development Company's renovation at 199 Perry Street.  The firm will add 25 workers with the move.

UB's Athletics Department is putting down a brand new floor for its basketball court at Alumni Arena.  It will feature a map of New York State to highlight the SUNY school's reach beyond Buffalo.

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