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

Watt takes over as NBT president and CEO
NORWICH, N.Y. — John Watt, Jr. started serving as the new president and CEO of NBT Bancorp Inc. (NASDAQ: NBTB) on Monday morning. Watt is

First Niagara Risk Management completes transition to KeyBank
BUFFALO, N.Y. — The insurance agency First Niagara Risk Management is now officially a subsidiary of KeyBank, operating under the name Key Insurance & Benefits

Euphony wins CenterState CEO’s Germinator business competition
SYRACUSE, N.Y. — CenterState CEO on Wednesday awarded $100,000 to Euphony during the final phase of the Germinator program. Euphony is a company that is

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