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Banks & Credit Unions
Generations Bank hires Gibbs as AVP, contact center manager
SENECA FALLS, N.Y. — Generations Bank has hired Lorraine Gibbs as assistant VP and contact center manager. She’ll be responsible for managing Generations’ newly renovated
Northern Credit Union converts to state charter
WATERTOWN — The New York State Department of Financial Services (DFS) has approved Northern Credit Union’s application to convert its charter to conduct business to a New York State charter, effective Oct. 18. Prior to the conversion, Northern Credit Union operated as Northern Federal Credit Union, the DFS said in an Oct. 1 news release.
SBA announces FY 2018 small-business loan data, top regional lenders
SYRACUSE — The U.S. Small Business Administration (SBA) on Oct. 11 released its fiscal year (FY) 2018 lending report, with 670 7(a) and 504 loan approvals valued at $177 million across the 34-county Syracuse district. “Small businesses in upstate New York are accessing the affordable capital they need to start and expand with SBA-backed loans,”
AmeriCU Credit Union remodels Yorkville branch
YORKVILLE — Construction workers have finished a remodeling project at the Yorkville branch office of Rome–based AmeriCU Credit Union. Plans for the project started in late 2017, and crews started working on the initiative at 4957 Commercial Drive earlier this year, says Nicholas Cray, VP of member relations and marketing, who spoke with CNYBJ on
Visions updates website and plans upgrade for online banking portal
ENDWELL — Visons Federal Credit Union announced it has revamped its website to make it more “user-friendly and informative.” The new design seeks to make it easier for members to identify helpful resources. One of the site changes involves adding the “Articles and Magazines” section under the Resources tab. The articles cover topics ranging from
Community banks in today’s digital world
Banking technology has changed exponentially over the past decade. From online banking and mobile deposits to enhancements in fraud monitoring, the way we use and monitor money is changing faster than consumers can keep up. These advancements have left many wondering where that leaves banks. Will the community bank disappear in today’s digital world? As a
How a Bank Can Help Your Business Succession Planning
Whether you’re getting ready for retirement, just starting out in the leadership of your business, or are considering an ownership role in your future career, the best thing you can do to prepare yourself and your current or future business for success is to build a relationship with a commercial banker. Two of the most
NBT Bank’s Q3 net income rises more than 30 percent
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB), parent of NBT Bank, recently reported that its net income rose more than 30 percent in the third quarter to a record $29.8 million, or 68 cents a share from $22.9 million, or 52 cents, in the year-ago period. Growth in deposits, loans, and fee-based income, as well
Community Bank’s third-quarter profit up 22 percent
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported third quarter net income of $43.1 million, or 83 cents a share, up 22 percent from $35.2 million, or 68 cents, in the year-earlier period. Higher net interest income, increased noninterest revenue, and a lower effective tax rate led the growth, offset partly by higher operating
Pathfinder Bancorp to pay Q3 dividend in early November
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently declared a quarterly cash dividend of 6 cents per share on its common stock for the fiscal quarter ending Sept. 30. The dividend will be payable to all Pathfinder shareholders of record on Oct. 19 and will be paid on Nov. 9,
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