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Banking rankings

The Federal Deposit Insurance Corp. has released its annual snasphot of how financial institutions split up the deposit pie in Western New York.

M&T Bank Corp. remained securely at the top, increasing its deposit market share to 47.2 percent from 42.75 percent the year before. As of June 30, M&T reported deposits of $15.6 billion -- out of $33 billion for the entire market -- spread across 57 branches.

First Niagara Financial Group remained second in market share, improving its percentage to 27.6 from 26.2 a year ago. It reported deposits of $9.1 billion at 57 branches.

The most notable change was at third. KeyBank moved up to No. 3 from No. 4, with 10.7 percent of the market. HSBC Bank USA was No. 3 last year, but has sold its upstate retail branch network. So HSBC disappeared from the local rankings and its 8.76 percent market share from 2012 was absorbed by other institutions.

No. 4 on the list was Citizens Financial Group (4.76 percent), followed by Bank of America (3.98 percent) and Evans Bank (1.96 percent).

Total deposits in the Western New York market increased 2.2 percent from a year ago.

-- Matt Glynn

Charged up

A company called ChargePoint is teaming up with National Grid to to deploy 67 electric vehicle charging stations in upstate New York, with help from a $1 million award provided by the New York Energy Research and Development Authority.

One of those stations is at a Tops Markets store at 5274 Main St. in Williamsville. Project partners will hold a ribbon cutting there on Wednesday, and demonstrate the technology with an electric car.

-- Matt Glynn

From roast beef to roast beans

Say goodbye to the Arby's restaurant on Delaware Avenue downtown. Say hello to a new and more upscale Tim Horton's.

The longtime fast-food eatery known for its roast beef will be redeveloped into a new Tim Horton's restaurant, at 537 Delaware Ave. near Allen Street, said auctioneer Cash Cunningham, who is overseeing the sale of the restaurant equipment.

The store closed as of Sept. 13, after 35 years in business, said franchise owner Vince Allesandra, who also owns two other Arby's locations and an Andersen's ice cream store in Lockport.

Allesandra said the Arby's store was successful, but he is going into semi-retirement, and "I didn't feel like running that anymore." He will still own the property but the Canadian company will lease it. 

Cunningham said the new restaurant will be part of the donut shop's new design, with couches and more comfortable seating. 

The public auction of equipment by Cash Realty & Auctions will be held on the site at 10 a.m. on Oct. 1.

Items up for bidding include a walk-in cooler nad freezer, an ice machine, Alt-Shaam holding ovens, a computerized fry station, a vent hood, automatic slicers, a soft-serve ice-cream machine, a double-convection cook and hold oven, bread warmers, toasters, microwaves and the typical assortment of tables, chairs and booths, among other items.

A preview will be held earlier that morning, at 8:30 a.m.

No horsing around with this house

Anybody want 80 acres of rural land, complete with a five-bedroom luxury mansion, palatial grounds, a balcony and a deck, and horse stables -- just 40 minutes from downtown Buffalo?

That'll be $4.5 million, please. Oh, and add in the $22,693 in annual property taxes.

That's the asking price for a 6,563-square-foot equestrian estate in Newstead that just went on the market. The home is currently owned by Dr. Gwendolyn M. Cole-Hoover, a board-certified family doctor at the VA Hospital in Batavia.

Built in 1995, the sprawling property at 7557 Greenbush Road features a manicured lawn, wooded grounds, an attached indoor arena and paddock, and a seven-stall horse barn, accessible through a private drive.

It's located along an offshoot of Tonawanda Creek, has a lake stocked with yellow pike and trout, and includes a dock, as well as five riding trails that lead to the creek. The property has apple and walnut trees, blackberry bushes, and hay and corn fields maintained by a farmer.

The two-story, tan stucco-and-wood front mansion has five bedrooms, three full bathrooms and two half-baths, plus a whirlpool tub. There's a study, family room, living room, library, loft, office and in-law quarters.

There are two gas fireplaces and six wood-burning fireplaces, a patio and a balcony, a full walk-out basement, and a two-story atrium with a cathedral ceiling and skylights. The home includes a central vacuum system, and there's even an elevator.

Want more? Here's a virtual tour:

The home is being marketed by Kathleen Saffire of RealtyUSA.

-- Jonathan D. Eptein


Video: John Ellison adds 'Some Kind of Wonderful' flavor to food service event

John Ellison brings his "Some Kind of Wonderful" flavor to the Will Poultry event.

Video: In Focus: Dottie Gallagher-Cohen, Buffalo Niagara Partnership

Gallagher-Cohen became the region's leading business advocate in June. She talks with Brian Meyer about job-creation efforts and a push to reform some state laws. She also looks back on Andrew Rudnick's sometimes controversial tenure in the post.

Kelly Clarkson to open Microsoft Store at Walden Galleria

ClarksonAmerican Idol winner and pop superstar Kelly Clarkson will help kick off the opening of the new Microsoft store destined for the Walden Galleria.

The Microsoft retail store will open Saturday November 16 at 10:30 a.m. Clarkson will perform free that night at 5 p.m. at the Burt Flickinger Athletic Center, 21 Oak Street. Tickets to the event will be handed out, first come, first serve, to Microsoft store visitors. The first 100 people in line will also receive tickets for a meet and greet with Clarkson after the show.

---Samantha Maziarz Christmann


Ad man to poke holes in ad culture

Bob Hoffman, an advertising executive known for his blog the Ad Contrarian, will speak in Buffalo Sept. 26.

Hoffman is slated to dispel false truths in advertising with his presentation, "The Golden Age of BS."

The talk is part of the Buffalo Advertising Club's Ad Week and is sponsored by The Buffalo News. Tickets are $25 for members, $45 for non-members. The program begins at 7 p.m. at the Karpeles Manuscript Museum, 453 Porter Avenue.

Now an author and partner at Type A Group, Hoffman has been behind ads for some of the world's biggest brands, including Pepsi, McDonald's and Chevrolet.

MedTech conference boosts life-sciences industry

A biotech conference next month in Rochester is drawing life-sciences companies, research universities and other industry representatives from across the state.

The MedTech trade association is holding its annual conference Oct. 7 and 8 at the Hyatt Regency Hotel in Rochester, and a number of companies and institutions with ties to the Buffalo area are participating.

The conference is meant to help biotech companies navigate regulatory and economic challenges while boosting efforts to bring innovation from the laboratory to the public, MedTech announced today. It features training sessions and a technology showcase.

Participants from this area include Polymer Conversions, the Hodgson Russ and Phillips Lytle law firms, two University at Buffalo offices that encourage technology transfer, Moog's medical devices division and Greatbatch Medical.

Registration is open through Oct. 4. Register online at or contact Nichole Wenderlich Owens, MedTech's marketing and events manager, at (315) 423-7200 or

---Stephen T. Watson



State insurance exchange opens customer service center

The state's insurance exchange, a key component of the Affordable Care Act, has opened a customer service center to address questions from the public about the new health-insurance marketplace.

The exchange, recently rebranded as NY State of Health, today announced the opening of the center and publicized its toll-free number, (855) 355-5777, which is staffed 8 a.m. to 5 p.m. Monday to Friday.

The hours will be expanded starting Oct. 1, when people can begin to sign up for insurance through the state exchange. Coverage purchased through the exchange takes effect Jan. 1.

The exchange is aimed at the uninsured, or underinsured, who don't receive comprehensive coverage through an employer, Medicaid or Medicare and can't otherwise afford insurance. Individuals and employees of small businesses are eligible to buy insurance through the exchange, and the federal government is offering tax credits to subsidize the cost of coverage for most exchange shoppers.

For more information visit

---Stephen T. Watson


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