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DASNY program to finance nearly $36 million in new medical equipment for Upstate Medical University
SYRACUSE, N.Y. — The Dormitory Authority of the State of New York (DASNY) on Friday announced the closing of $35.88 million in tax-exempt lease financing
Community Financial System Q1 profit rises more than 21%
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently reported net income of $49.6 million, or 93 cents per share, in the first quarter, up more than 21 percent from $40.9 million, or 76 cents, in the first quarter of 2024. Increases in net interest income
Pathfinder Bancorp profit rises more than 40 percent in Q1
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3 million, or 41 cents a share, in the first quarter of this year, up nearly 43 percent from $2.1 million or 34 cents, in the first quarter of 2024. Pathfinder attributed the growth to improving operating
Berkshire Bank parent company to pay Q2 dividend of 18 cents a share in late May
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on May 29, to shareholders of record as of
SBA Syracuse district office recognizes Savurn Memorials
ONONDAGA, N.Y. — The Syracuse district office of the U.S. Small Business Administration (SBA) has recognized a family business in Norwich as a regional Veteran Owned Small Business of the Year. The SBA honored Savurn Memorials, LLC during its May 5 recognition event at Onondaga Community College’s (OCC) Gordon Student Center. Father and son Mark
Pathfinder Bank expands small biz, commercial-lending teams
OSWEGO, N.Y. — Pathfinder Bank recently announced it has added three experienced lenders in the commercial and small-business banking space: James Wright, Heather Mulhall, and Ryan Kohutanich. These new hires bring deep local market expertise and a proven track record of operational success, Pathfinder contends. They are driving business loan and deposit growth in Syracuse,
Solvay Bank announces plans for its 10th branch
DeWITT, N.Y. — Solvay Bank plans to open its 10th branch office in the Wegmans Plaza at 4248 James St. in the town of DeWitt. The bank held a groundbreaking ceremony on May 12 to mark the start of construction on the new 2,200-square-foot Smart*Office, per its announcement. Solvay Bank expects the branch, which it
Tompkins Community Bank names VP, employee experience manager
ITHACA, N.Y. — Tompkins Community Bank has appointed Gina Benedict as VP and employee experience manager. Benedict, who has worked in professional services and human resources for nearly three decades, will oversee Tompkins’ employee experience team, developing and implementing strategies that enhance the bank’s overall work culture, the bank announced. She previously worked as an
NBT profit rises nearly 9 percent in first quarter
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB), parent of NBT Bank, posted a high single-digit increase in first-quarter profit on the strength of gains in both interest-based income and fee-based income. NBT reported net income of $36.7 million in this year’s first quarter, up 8.6 percent from $33.8 million in the year-prior quarter. The banking
NBT Bancorp completes Evans Bancorp merger
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) has completed its acquisition of Evans Bancorp, Inc. The merger closed on Friday May 2 and was
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