Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Pathfinder Bancorp Q3 profit slips on higher labor costs
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, reported that its third-quarter profit fell 21 percent, driven by increased labor costs. Pathfinder reported
Wealth management boosts Community Bank’s growth
DeWITT — Community Bank System, Inc.’s (NYSE: CBU) wealth-management services are a key growth driver for the company, producing nearly 20-percent revenue growth in the
Chemung Canal Trust names Krebs new CFO
ELMIRA — Chemung Canal Trust Co. announced Oct. 17 that Karl F. Krebs has joined the bank’s management team as chief financial officer and treasurer.
Elmira Savings Bank net income dips 2 percent in 3rd quarter
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) reported that its third-quarter net income slipped 2 percent to $1.37 million from just under $1.4 million a
Community Bank Q3 profit rises nearly 20 percent
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported net income of $22 million in the third quarter, up almost 20 percent from $18.4 million
Lockheed Martin announces 600 more layoffs companywide
Defense contractor Lockheed Martin Corp. (NYSE: LMT) today announced it is cutting about 600 more jobs in its Mission Systems and Training business in the
Onondaga County promotes foreign-trade zone
Earlier this year, the U.S. Foreign-Trade Zones Board, part of the federal Department of Commerce, approved Onondaga County’s foreign-trade zone (FTZ) reorganization. The approval creates
Federal Reserve rolls out new $100 bill to banks
The Federal Reserve said on Tuesday it began supplying banks with a redesigned U.S. $100 bill that includes new security features to help deter counterfeiters.
CenterState CEO announces new Grants for Growth funding round
SYRACUSE — CenterState CEO, the area’s main economic development and chamber of commerce organization, announced it is accepting applications for the 11th round of its
Bonadio Group to merge with Buffalo CPA firm
The Bonadio Group, upstate New York’s largest independent CPA firm, has agreed to merge with Gaines Kriner Elliott LLP (GKE), Buffalo’s 11th-largest accounting firm. The