News

RACER Trust Selects Ambrose Property Group for Transformative Development at Former Indianapolis Stamping Plant Property

May 2, 2017

INDIANAPOLIS — RACER Trust today announced it has come to terms with Ambrose Property Group for the sale and development of the former General Motors Indianapolis Stamping Plant property in downtown Indianapolis. Ambrose Property Group has submitted its development proposal to the city and plans to sign a project agreement as part of the historic land sale.

Behan Assists Kinderhook and Patriot Banks in Announcing Merger News

March 15, 2017

KINDERHOOK, N.Y. — Kinderhook Bank Corp. (OTCQB: NUBK), the parent bank holding company of The National Union Bank of Kinderhook (“Kinderhook Bank”), and Patriot Federal Bank (“Patriot”) announced today that they have agreed to merge in an all-stock transaction. The proposed merger of these two strong community banks is subject to approval by regulatory agencies and the shareholders of Patriot and customary closing conditions. The transaction is expected to close in the fourth quarter of 2017.

Adirondack Civic Center Coalition Agrees to Purchase Adirondack Thunder Hockey Team

February 28, 2017

GLENS FALLS, N.Y. — The Adirondack Civic Center Coalition, Inc. has agreed to purchase the ECHL Adirondack Thunder from the Calgary Flames in a deal that ensures continued operation of professional hockey in Glens Falls.

RACER Trust, George W. Auch Company Complete Transfer of University Drive Property in Pontiac, Mich.

February 22, 2017

PONTIAC, Mich. — RACER Trust today announced it has completed the sale and transfer of 3.66 acres off University Drive in downtown Pontiac to George W. Auch Company (“AUCH”), a 109-year-old general contractor/construction management firm that will build its new corporate headquarters on the site.

RACER Trust, Rivore Metals, LLC, Reach Agreement on Sale of Industrial Property in Pontiac, Mich.

February 9, 2017

PONTIAC, Mich. — RACER Trust today announced it has reached agreement with Rivore Metals, LLC, for the sale of a vacant, 41.9-acre industrial property off North Glenwood Avenue in Pontiac. Rivore intends to establish a metals recycling business with up to 35 employees at the site, with plans to construct a 40,000-square-foot sorting facility after the business is operating.

Million Dollar Homecoming at Upstate New York Hospital

January 27, 2017

GLENS FALLS, N.Y. — In her 30-plus years living in Glens Falls, NY, the late Joyce Stock served as a nurse at Glens Falls Hospital, built one of the most popular restaurants in the area and, most importantly to her, raised three sons who share her philanthropic generosity.

RACER Trust, Michigan DNR Reach Agreement on Transfer of Riverfront Property in Saginaw

January 20, 2017

SAGINAW, Mich. — RACER Trust and the Michigan Department of Natural Resources (MDNR) have executed an exclusive option agreement for the transfer of just over 334 acres of former industrial property along the west bank of the Saginaw River, to be used for nature-based, passive recreation activities and an open space resource under the management of the Saginaw County Parks and Recreation Commission.

RACER Trust, Commonwealth Development Corporation of America Reach Agreement on Sale of Land in Muncie, Ind.

December 20, 2016

MUNCIE, Ind. — RACER Trust today announced it has come to terms with Commonwealth Development Corporation of America for the purchase of approximately 5.7 acres that Commonwealth plans to develop into 35 units of affordable housing.

Upstate New York Highway Contractor Raises Nearly $14K for Leukemia & Lymphoma Society

September 20, 2016

Over the past 130 years, Callanan Industries has built and maintained some of the most heavily traveled roads and bridges in Upstate New York. On Sunday, Sept. 18, the Callanan team hit the road themselves in support of the Upstate New York/Vermont chapter of the Leukemia & Lymphoma Society.

Paul Smith’s College Instructor to Climb 46 High Peaks in Eight Days

August 2, 2016

Outdoors enthusiasts from across the Northeast have long aspired to climb all 46 of the famed Adirondack High Peaks in Upstate New York during their lifetimes. College instructor Bethany Garretson is planning to do so in a span of eight days, beginning August 6.

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