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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
Community Financial reports flat Q3 results
DeWITT — Community Financial System, Inc. (NYSE: CBU), the parent company of Community Bank N.A., reported third quarter net income of $43.9 million, down slightly from $44.1 million a year ago. Earnings per share rose to 83 cents in the third quarter from 82 cents in the same quarter last year, according to the banking
Visions Federal Credit Union awards $25K grant to Astor D. Rice Foundation
BINGHAMTON — Visions Federal Credit Union has provided a $25,000 grant to the Astor D. Rice Foundation to support and expand the foundation’s Families Achieve Community Empowerment (FACE) program that serves the East Middle School community in Binghamton, the credit union announced. The FACE program is a 12-week opportunity for the families of middle-school students
Tompkins Financial slightly boosts quarterly dividend
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved an increase of its quarterly cash dividend to 62 cents for the fourth quarter — up 1.6 percent from 61 cents in the third quarter, and up 3.3 percent from 60 cents in the fourth quarter of 2023. The
KeyBank’s Key4Women recognizes Slater
Makes donation in her honor SYRACUSE — The Central New York chapter of KeyBank’s Key4Women has recognized Theresa Slater as its 2024 Key4Women Achieve Award Winner. The award honors and recognizes the accomplishments of women business leaders and their contributions to the Central New York region. In addition to the award,
NBT Bancorp net income surges nearly 55 percent in Q3
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB), parent company of NBT Bank, N.A., reported strong third-quarter growth with net income of $38.1 million, or 80 cents per share, up 54.9 percent from $24.6 million, or 54 cents a share. Much of that growth is attributable to NBT’s acquisition of Connecticut–based Salisbury Bancorp, Inc., on Aug.
VIEWPOINT: Testimonials are a Winning Marketing Strategy for Financial Institutions
In an increasingly competitive financial sector, banks and credit unions are constantly seeking out best practices to build trust, grow “share of wallet,” and attract new customers. One effective and often underutilized tool in their marketing arsenal is the testimonial. Leveraging customer testimonials can significantly enhance credibility, foster trust, and differentiate financial institutions in a
Community Bank names head of retail banking
DeWITT, N.Y. — Community Bank, N.A. has appointed Melissa Bollman head of retail banking. She is responsible for the oversight of the retail banking network and will lead the retail strategy and sales teams to develop strategic initiatives, the bank announced. With 26 years of experience in financial services, Bollman joins Community Bank from M&T
Berkshire Bank names business banking team leader
ALBANY, N.Y. — Berkshire Bank announced it has promoted Shane Rauh to senior VP, business banking team leader, where he will lead the bank’s sales team for business banking in New York, Vermont, and Berkshire County in Massachusetts. Rauh has more than 20 years of experience in the financial-services industry with special emphasis on business
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