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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
AmeriCU Credit Union opens new North Utica branch
UTICA, N.Y. — AmeriCU Credit Union has formally opened its new North Utica financial center at 401 Herkimer Road, which replaces the credit union’s former branch office in the Aspen Dental Plaza on North Genesee Street. The new financial center features a more spacious layout, modern amenities, and the latest banking technology to provide greater
SBA, SBDC honor area small businesses in ceremony at OCC
ONONDAGA, N.Y. — The U.S. Small Business Administration (SBA) and the North Central Small Business Development Center (SBDC) on Monday recognized five area small businesses
Five Star Bank parent posts Q1 profit of nearly $17M
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of $16.9 million in the first quarter of 2025. That’s an improvement from its net loss of $82.8 million in the fourth quarter of 2024 and net income of $2.1 million in the first quarter of 2024.
Solvay Bank analyst appointed to UnitiEast executive committee
SOLVAY — Solvay Bank recently announced that Shawn Cornell, senior applications analyst (in computer/network operations) at Solvay Bank, has been appointed to the executive committee of UnitiEast. UnitiEast is a collaborative organization that brings together financial institutions to share information, exchange ideas, and implement best practices within the software and digital product space, Solvay Bank
KeyCorp to start buying back shares in 2nd half of year
KeyCorp (NYSE: KEY) in mid-March announced that its board of directors has authorized a share-repurchase program in which KeyCorp may buy back up to $1 billion worth of its common stock, in the open market or in privately negotiated transactions. KeyCorp — parent company of KeyBank, the No. 2 bank ranked by deposit market share
CenterState CEO announces Business of the Year Award winners at annual meeting
SYRACUSE, N.Y. — CenterState CEO used its annual meeting on Wednesday to announce its Business of the Year Award winners in front of an audience
Visions starts 5th year as naming sponsor for Binghamton arena
BINGHAMTON, N.Y. — Visions Federal Credit Union (Visions FCU) has begun its fifth year as naming sponsor of the Visions Veterans Memorial Arena in Binghamton. With support from Visions during the past four years, the credit union says the local venue has “overcome challenges brought by the pandemic and is now bustling with increased attendance
Visions FCU hires Killeen as VP/chief risk officer
ENDWELL, N.Y. — Visions Federal Credit Union (FCU) says it has recently hired Patrick Killeen as VP/chief risk officer. Visions describes Killeen as a “seasoned” risk executive with more than 32 years of experience in risk management, internal auditing, operations, and data analytics for financial institutions, per the credit union’s April 9 announcement. As chief
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