Compass FCU expects to open new Fulton branch this year
FULTON — Construction crews have started work on a new branch for Compass Federal Credit Union (FCU) in Fulton and are expected to finish before the end of 2019. Read More
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Seneca Savings to open new branch in Bridgeport area of Sullivan this fall
SULLIVAN — Seneca Savings is planning to open a new branch office in the hamlet of Bridgeport in the town of Sullivan in Madison County. Read More
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Community Bank’s Q2 net income edges up 1 percent
Adjusted EPS beats analysts’ expectations DeWITT — Community Bank System, Inc. (NYSE: CBU) recently reported that its net income edged up 1 percent to $45 million in the second quarter from $44.6 mil Read More
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Tompkins Financial to pay dividend of 50 cents a share on Aug. 15
ITHACA — Tompkins Financial Corp. (NYSE: TMP) will pay a regular quarterly cash dividend of 50 cents a share on Aug. 15. It is payable to common shareholders of record on July 30. Read More
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NBT Bank promotes Salati to assistant VP
ENDICOTT — NBT Bank announced that it has recently promoted Patricia Salati, its Endicott branch manager, to assistant vice president. Salati has more than 40 years of experience in the financial-ser Read More
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KeyCorp boosts quarterly dividend by 9 percent
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — has raised its quarterly dividend by 9 percent. Read More
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Tompkins Financial profit declines in 2nd quarter
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently reported that its net income in the second quarter fell 12 percent to $19.4 million, or $1.27 per share, from $22.1 million, or $1.43 a share, in the year-ago period as a difficult interest-rate landscape squeezed its margins. Read More
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I’m an economist, so I naturally have a fascination with data, statistics, and what we can learn from them. But the reason I find economics so interesting isn’t the numbers or the charts — it’s how th Read More
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What is a bank’s role in community financial literacy
Financial literacy is defined as possessing the financial expertise needed to make healthy financial choices. It’s a topic that is extremely important for all ages, but often can be overlooked. As a f Read More
Opinion
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OPINION: Note to Biden: Your Own Budget Office Forecasts High Deficit President Joe Biden in a June 14 speech to the AFL-CIO, stated, “I don’t want to hear any more of these lies about reckless spending. Read More
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OPINION: Always In the Background: Russia’s Nuclear Weapons The ebbs and flows of the war in Ukraine still manage to command headlines these days, even if it’s without the intensity of previous months. Read More
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OPINION: A Recall Election & the Ramifications In New York Voters in San Francisco [recently] chose to recall District Attorney Chesa Boudin for his ineffective, soft-on-crime approach to his job. Read More
Business Mentors
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CEO FOCUS: Green CHIPS Legislation to Help Drive Opportunity and Growth Green CHIPS is a significant piece of legislation with the potential to have long-term impact by attracting billions in new private investment and leveraging billions more in federal incentives. Read More
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Ask Rusty: Must I Pay Income Tax on my SS Benefits? Dear Rusty: I do not recall the rules on my income-tax obligation for Social Security (SS) benefits. Can you please explain these rules to me? Read More
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VIEWPOINT: N.Y. Approves First Regulations for Adult-Use Cannabis On June 1, 2022, the Cannabis Control Board (CCB) approved the first set of regulations for New York State’s adult-use cannabis industry. Read More
People on the Move
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Hayner Hoyt Corporation GRIFFIN CANDEE has joined the Hayner Hoyt Corporation as a project engineer. Read More
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CALLYN PYHTILA Tompkins Community Bank announced CALLYN PYHTILA has taken on the role of AVP, branch manager of its main office branch in Ithaca. Read More -
