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Syracuse to use $3M in JPMorgan Chase funding to build on “Syracuse Surge”
SYRACUSE — Syracuse’s proposal in JPMorgan Chase & Co.’s (NYSE: JPM) AdvancingCities Challenge builds on the “Syracuse Surge,” which Syracuse Mayor Ben Walsh outlined in this year’s State of the City address. In his remarks on Jan. 20, Walsh called it “probably the biggest economic growth initiative ever put forth by the City […]
NBT Bank profit rises 12 percent in first quarter
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported that its net income rose 12.1 percent to $29.1 million, or 66 cents a share, in the first quarter from $26 million, or 59 cents, in the year-ago period. The increase was led by growth in both noninterest and net interest income. The Norwich–based banking company posted
NYCUA partners with FinTech firm to help members harness AI
The Albany–based New York Credit Union Association (NYCUA) announced it is working with an India–based financial-technology (FinTech) firm that will offer NYCUA-member credit unions access to fraud-detection technologies including artificial intelligence (AI). NYCUA has partnered with Quatrro Processing Services (QPS), a Gugugram, India–based fraud and risk mitigation FinTech product provider. Utilizing anomaly detection via predictive analytic
Bank of America names Janicki small business manager for Upstate
Bank of America announced it has appointed Ted Janicki as small business banking manager for upstate New York. He is a VP/upstate New York market manager for the small business banking team of Bank of America. For more than a decade, Janicki has been working with business customers in the Buffalo/Niagara region, and will now
Northern Credit Union to open offices in Dexter, Croghan
Northern Credit Union on April 18 announced it has finalized lease agreements to open new branch offices in Dexter in Jefferson County and in Croghan in Lewis County. The credit union refers to each location as a “relationship center,” per an April 18 news release posted on its website. The Dexter branch will operate at 109 Water
Community Bank Q1 profit rises, tops estimates
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported that its net income rose more than 4 percent to $41.9 million, or 80 cents a share, in the first quarter from $40.1 million, or 78 cents, in the year-ago period. The DeWitt–based banking company credited an increase in net interest income and decreases in the provision
Community Bank says Kinderhook acquisition will close on July 12
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) says it now expects its $93 million acquisition of Kinderhook Bank Corp. of the Capital District
Store clerk charged with grand larceny for more than $1K in missing ATM cash
RICHFIELD SPRINGS, N.Y. — New York State Police at Richfield Springs last Thursday arrested Amanda L. Gus, age 33 of Hartwick, for third-degree grand larceny,
SYRACUSE, N.Y. — JPMorgan Chase & Co. (NYSE: JPM) on Thursday awarded Syracuse $3 million to help local officials connect “talent from vulnerable populations” to
People news: Community Bank promotes Connor to branch manager
OLD FORGE, N.Y. — Community Bank N.A. announced it has promoted Robert Connor, Jr. to branch manager of its Old Forge office. He has more
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