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Onondaga County says S&P affirms its bond rating, improves outlook
SYRACUSE, N.Y. — S&P Global Ratings has affirmed Onondaga County’s bond rating of “AA” with an improvement from “stable” to “positive” outlook, the office of
RT Federal Credit Union breaks ground on Lyons Falls branch
LYONS FALLS — Rome–based RT Federal Credit Union recently broke ground on a new branch in Lyons Falls, which is located in Lewis County. “This new branch represents our continued investment in Lyons Falls and the surrounding areas,” Board Treasurer Tracy Worden said in a news release. “We are excited to expand our footprint and
Berkshire Bank parent company to pay Q3 dividend of 18 cents
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 Oct. 10, to shareholders of record as of
Pathfinder Bancorp to pay Q3 dividend of 10 cents in early November
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The third-quarter 2024 dividend is payable on Nov. 8 to all shareholders of record on Oct. 18, according to an announcement from James A. Dowd, president and
Berkshire Bank opens new office in DeWitt
DeWITT, N.Y. — Just six months after announcing the sale of a nearby branch in the village of East Syracuse to another bank, Berkshire Bank has opened a new office in the town of DeWitt. The new Berkshire Bank office at 6319 Fly Road in DeWitt will support its business banking, commercial real estate, middle-market
Canandaigua National Bank & Trust plans to open multiple Syracuse–area branches starting in 2025
CANANDAIGUA, N.Y. — Canandaigua National Bank & Trust announced it will be entering the Syracuse market with plans to open multiple branches starting in 2025. Frank Hamlin, III, the bank’s president and CEO, views this announcement as the “next exciting evolution for an organization that has made consistent and considerable growth throughout its history.” Canandaigua
Community Bank outlines growth plans in Syracuse, beyond
Includes State Tower Building branch From new branches to a new name for its parent company, Community Bank is having a busy year. The first of three new Syracuse–area branches will open this October in the State Tower Building on South Warren Street in downtown Syracuse and represents the bank’s commitment to the Syracuse market,
State launches $10 million loan fund for entrepreneurs
ALBANY, N.Y. — New York State has launched a new $10 million fund that will provide qualifying startup and early-stage companies with access to affordable term loans up to $100,000. The Main Street Capital program is part of New York’s broader State Small Business Credit Initiative efforts led by Empire State Development, the office of
Rochester credit union to acquire Generations Bank of Seneca Falls
SENECA FALLS, N.Y. — ESL Federal Credit Union, of Rochester, will acquire Seneca Falls–based Generations Bank in a deal valued at $26.2 million, ESL announced. The acquisition expands ESL’s presence in the Greater Rochester and Finger Lakes region in Seneca, Cayuga, and Orleans counties while expanding its footprint into Ontario County. The combined financial institution
Generations Bank secures $50K in grant funding for seven Seneca County nonprofits
SENECA FALLS, N.Y. — Generations Bank on Tuesday said it’s awarded grants to seven nonprofit organizations in Seneca County, after applying for and securing $50,000
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