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Ballston Spa Bancorp again posts record earnings

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Ballston Spa Bancorp has reported a 2009 net income of $2.34 million, up 6 percent from $2.22 million in 2008. It was the second year in a row the parent company of Ballston Spa National Bank posted record earnings, and President and CEO Christopher Dowd said the small chain of community banks weathered the recent economic downturn to achieve a strong balance sheet with the help of “seasoned staff. “Despite significant increases in FDIC premiums, ...

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