Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Colgate University generates $157M economic impact
HAMILTON — Colgate University had an economic impact of $157 million on the surrounding community for the 2022-2023 fiscal year, the most recent period for

CARS, Cayuga Health open new opioid treatment program in Cortland
CORTLAND — Cayuga Addiction Recovery Services (CARS), an affiliate of Cayuga Health, recently opened opioid treatment program services to local residents at the building at

First Source Federal Credit Union names chief financial/chief risk officer
NEW HARTFORD, N.Y. — First Source Federal Credit Union has recently appointed Pamela Goodison as chief financial/chief risk officer. Goodison joined First Source in 2019

Lyons Bancorp’s earnings decline 11 percent in 2024
LYONS — Lyons Bancorp, Inc. (ticker: LYBC), the financial holding company of the Lyons National Bank (LNB), recently reported earnings of $15.5 million for 2024,

Pathfinder Bancorp Q4 profit rises more than 70 percent
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, reported net income of $4.3 million, or 69 cents per share,

KeyBank parent company names new new chief risk officer
Mohit (Mo) Ramani is the new chief risk officer (CRO) at KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by
Oneida County hotel business indicators were mixed in January
UTICA — Oneida County hotels registered a mixed month of business performance in January, as indicated by three key benchmarks. The hotel-occupancy rate (rooms sold

Lockheed Martin’s suburban Syracuse plant wins $23.5M Navy contract modification for submarine work
SALINA — Lockheed Martin Corp. (NYSE: LMT) recently was awarded a $23.5 million modification to a previously awarded delivery order under a contract from the

Woodbine Hospitality buys The Lodge in Skaneateles for $8M
SKANEATELES — The Lodge, an upscale wedding and events venue in Skaneateles was recently sold to the Woodbine Hospitality Group for $8 million. Woodbine —

Rep. Mannion serves on House Education & Workforce Committee
Representative John W. Mannion, a Democrat representing New York’s 22nd congressional district (NY-22) in the U.S. House of Representatives, was recently appointed to serve on