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GPO Federal Credit Union donation helps MVHS Foundations pay for new van
UTICA — The Mohawk Valley Health System Foundations are using a donation from New Hartford–based GPO Federal Credit Union to purchase a new van for patient transportation. GPO Federal Credit Union asked to keep the amount of its donation confidential, an MVHS spokesperson tells CNYBJ. The van will offer complimentary transportation to and from medical […]
Credit unions cheer regulators’ new stand on hemp, medical marijuana
The move was welcomed by the state’s credit unions. “It’s an issue that’s been extremely important to our association and its members,” says Michael Lieberman, VP of governmental affairs for the New York Credit Union Association. The announcement was the culmination of several months of work, he added. It fits with state efforts to promote
KeyCorp boosts quarterly dividend by 42 percent
KeyCorp (NYSE: KEY) recently announced that its board of directors increased its dividend to 17 cents a share for the third quarter of 2018, up 42 percent from the 12 cents per share that the banking company paid last quarter. The cash dividend on the company’s common shares outstanding is payable on Sept. 14, to holders of
KeyCorp’s 2nd quarter profit rises 18 percent
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks 2nd in deposit market share in the 16-county Central New York area — reported that its second quarter net income from continuing operations rose to $464 million, or 44 cents a share, from $393 million, or 36 cents, in the year-ago period. This quarter’s earnings-per-share figure topped the consensus
M&T Bank CFO discusses merger strategy, plans
M&T Bank Corp. (NYSE: MTB) chief financial officer (CFO) Darren King says the Buffalo–based banking company, which ranks No. 1 in deposit market share in the 16-county Central New York region, is always looking for acquisitions where it can make a return but is finding fewer opportunities at this time. “What seems to be the
Visions FCU opens new branch office on the Binghamton University campus
VESTAL — Visions Federal Credit Union (FCU) announced that it recently formally opened a branch office on the Binghamton University campus and is now the “official financial services partner” for the university. The new branch is Visions FCU’s 48th overall. Available to students, faculty, and the public, the new office provides access to the credit
The Best Investment a Bank Can Make is in its Community
As a 33-year veteran of the banking community, I’ve heard a wide range of philosophies when it comes to banks investing in and giving back to the community. Some are dedicated to giving donations each year to local programs. However, on the reverse, there are banks that don’t make giving a priority or feel their
Tompkins Financial Q2 profit rises 30 percent
ITHACA — Tompkins Financial Corp.’s (NYSE: TMP) net income surged more than 30 percent to $22.1 million, or $1.43 per share, in the second quarter from $16.9 million, or $1.11 a share, a year prior, as it benefitted from loan growth and a lower tax rate. The Ithaca–based banking company said in its July 20
Madison County Sheriff: Canastota woman stole credit card, hit up ATMs
SYRACUSE, N.Y. — A Canastota woman was arrested Sunday, charged with stealing and then using a credit card. Madison County Sheriff’s Office said in release
Syracuse Police seek clues in Tuesday credit-union robbery in Armory Square
SYRACUSE, N.Y. — Syracuse Police continue to look for a man who robbed the AmeriCU Credit Union on Walton Street on Tuesday afternoon. A man
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