SYRACUSE — Alliance Financial Corp. (NASDAQ: ALNC) of Syracuse increased its quarterly dividend 3.2 percent to 32 cents a share.
The dividend will be payable on Oct. 2 to shareholders of record as of Sept. 18. Alliance Financial is the holding company for Alliance Bank.
The bank has 29 branches in Cortland, Madison, Oneida, Onondaga, and Oswego counties. Alliance Financial also runs an investment management administration center in Buffalo and an equipment-lease financing company.
(Sponsored)
Maximizing Tax Benefits for Energy-Efficient Buildings
The Inflation Reduction Act (IRA) of 2022 significantly enhanced the Section 179D deduction, making it even more valuable for businesses investing in energy-efficient commercial building property (EECBP) and energy-efficient commercial
The OBBBA Resurrects the Immediate R&E Expense Deduction
Under the Tax Cuts and Jobs Act (TCJA), businesses, including manufacturers, have been required since 2022 to amortize domestic Section 174 research and experimental (R&E) costs over five years, rather
Alliance Bank is the number four bank in the Syracuse metro area deposit market with $827.8 million in deposits and a market share of 7.9 percent, according to the latest statistics from the Federal Deposit Insurance Corp.
Contact Tampone at ktampone@cnybj.com
