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Pathfinder Bancorp reports net loss in third quarter of 2024
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported a net loss of $4.6 million, or 75 cents per share, in the third quarter, compared to net income of $2.2 million, or 35 cents a share, in the same quarter in 2023. The net loss reflected $9 million in […]
Berkshire Bank parent company to pay Q4 dividend of 18 cents in late November
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 Nov. 27, to shareholders of record as of
Q3 earnings slip at Chemung Financial as new branch opens
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported net income of $5.7 million, or $1.19 per share, in the third quarter, down 25 percent from $7.6 million, or $1.61 per share, in the year-ago quarter. However, the latest quarter’s results were an improvement over Chemung Financial’s net
The Summit Federal Credit Union names Ortiz to board of directors
ROCHESTER, N.Y. — The Summit Federal Credit Union (The Summit) — which has 93,000 active members in Central New York, the Finger Lakes, and Western New York — has appointed Orlando J. Ortiz to its board of directors. Ortiz brings significant experience in the real estate and manufacturing industries, as well as a dedication to
The Summit FCU Taste of Syracuse raised more than $22K for two local charities
SYRACUSE, N.Y. — The Summit Federal Credit Union (FCU), which helps sponsor Galaxy Media’s annual Taste of Syracuse, says the event raised $22,500 for two local charities. The Taste of Syracuse, Central New York’s biggest food and music festival, welcomed an estimated 200,000 people over two days this past June. Representatives from The Summit FCU
Generations Bank to be acquired by Rochester credit union
SENECA FALLS — The transaction that involves a Rochester–based credit union acquiring substantially all the assets and liabilities of Generations Bank in Seneca Falls is expected to become official in the middle part of 2025. ESL Federal Credit Union, Generations Bank, and its parent company Generations Bancorp NY, Inc. (NASDAQ: GBNY) on Sept. 24 announced
Canandaigua National Bank & Trust plans Syracuse branches
CANANDAIGUA — Canandaigua National Bank & Trust says its plans for 2025 include opening multiple branches in the Syracuse market. Canandaigua National Bank & Trust will announce individual locations in the Syracuse area as details are finalized, but the expectation is to add multiple branches over the next one to three years, with at least
OneGroup names employee benefits practice leader
SYRACUSE — OneGroup NY, Inc., a subsidiary of Community Financial System, Inc. (NYSE: CBU), recently appointed Melissa Zornes as senior VP and employee benefits practice leader. Zornes brings two decades of experience and extensive knowledge of leading diverse teams, employee benefits, and organizations to OneGroup. She has held numerous leadership positions within the insurance industry,
Community Bank parent to pay Q4 dividend of 46 cents a share
DeWITT — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 46 cents per share of its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec. 13.
Pathfinder Bancorp insurance unit is now under new ownership
OSWEGO — The insurance subsidiary of Pathfinder Bancorp, Inc. (NASDAQ: PBHC) is now owned by a company in the Hudson Valley. Pathfinder says it has sold the assets of its subsidiary, FitzGibbons Agency LLC, to Marshall + Sterling Enterprises, Inc., an insurance broker headquartered in Poughkeepsie. Through its subsidiary, Pathfinder Risk Management Company, Inc., Pathfinder
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