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Williamsville's hot market, small bank power and GM rises...

From Business Today:

Iskalo Development Corp. really likes Williamsville. the company has quietly amassed significant holdings along Main Street, the commercial heart of the village. Petri Company founder and CEO Paul Iskalo says the firm is positioned to be "the developer of choice" for any business seeking a place in the attractive locale. Adding to his portfolio, Iskalo bought the former Pitt Petri building on Main and South Ellicott streets for $827,000.

Community Bank System, which operates 33 branches in Western New York, is showing that it's not only the big banks that are doing well. The DeWitt-based bank reported profits soaring 69 percent for the fourth quarter.

General Motors Corp. is also feeling it. The auto giant, struggling through bankruptcy not long ago, is poised to regain its post as the No. 1 car maker in th world. Toyota, which grabbed the title in 2008, has struggled with global recalls, while GM has pushed its growth in China. For GM, which operates an GM Autos Almost No 1 engine plant in the Town of Tonawanda and a parts plant in Niagara County, taking back the top spot would be a signal its turnaround it for real.

Who is getting hired, promoted or honored?

 


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