Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

First Source Federal Credit Union shifts leadership roles
NEW HARTFORD, N.Y. — The board of directors of First Source Federal Credit Union has announced two promotions on its senior executive-leadership team as part

State awards millions in economic-development funding in latest round of REDC initiative
New York State has awarded millions in funding to Central New York, Mohawk Valley, Southern Tier, and the North Country as part of the regional economic-development

People news: Tompkins Trust’s Volpicelli to retire after 32 years with bank
ITHACA, N.Y. — Tompkins Trust Company announced the retirement of Doug Volpicelli, branch services officer for its Triphammer branch. Volpicelli first started with Tompkins Trust

Community Bank to acquire Northeast Retirement Services for $140 million
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) today it announced it will acquire Northeast Retirement Services, Inc. (NRS) — a privately held, Woburn,

Chemung Financial to pay quarterly dividend of 26 cents on Jan. 3
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 26 cents a share.

People news: Citizens Bank executive named to Clarkson University board
POTSDAM, N.Y. — Lauretta M. Chrys, executive VP and head of strategic onboarding for the Consumer Banking Division at Citizens Bank, has been elected to

Construction begins on 1886 Malt House in Volney
VOLNEY, N.Y. — Construction is underway on the 1886 Malt House, a $9.1 million, malted-grain production facility at the former Miller Brewing campus in Volney, near

Tompkins Financial boosts quarterly dividend
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved an increase in its quarterly cash dividend to

Community Bank to acquire Vermont bank for $304 million
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) today announced it will acquire Merchants Bancshares, Inc. (NASDAQ: MBVT), the largest statewide independent bank in

People news: NBT Bank hires Snow as VP in credit administration division
NORWICH, N.Y. — NBT Bank announced it has hired Cleave Snow as VP in its credit administration division. In this position, Snow will support NBT
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.