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Five Star Bank parent declares quarterly dividend of 19 cents
Financial Institutions, Inc. (NASDAQ: FISI), the parent of Five Star Bank, has declared a quarterly cash dividend of 19 cents per outstanding common share. The
Chemung Financial declares dividend of 26 cents a share
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) announced today that its board of directors has approved a quarterly cash dividend of 26 cents a share.
First Niagara names Alexander Gress treasurer
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) has named Alexander Gress as its senior vice president and treasurer. Gress will be responsible
Pathfinder Bancorp Q3 profit declines on higher labor costs
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, reported that its profit slipped 21 percent in the third quarter, led by increased labor costs. Pathfinder announced on Nov. 1 that net income declined to $528,000 in the third quarter from $670,000 in the year-ago period. The profit decrease “was principally due to the $300,000
Pathfinder Bancorp Q3 profit slips on higher labor costs
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent of Pathfinder Bank, reported that its third-quarter profit fell 21 percent, driven by increased labor costs. Pathfinder reported
Visions Federal Credit Union announces merger with Pa. credit union
ENDWELL — Visions Federal Credit Union today announced that CTCE Federal Credit Union (CTCE) of Reading, Pa. will “merge with, and into” Visions. The
Solvay Bank profit remains ‘consistent’
SOLVAY — Solvay Bank Corp., the holding company for Solvay Bank, on Wednesday announced it earned $1.6 million during third quarter. The profit figure
Wealth management boosts Community Bank’s growth
DeWITT — Community Bank System, Inc.’s (NYSE: CBU) wealth-management services are a key growth driver for the company, producing nearly 20-percent revenue growth in the third quarter and almost 23-percent growth through nine months of 2013. Along with being the parent company of Community Bank, N.A., Community Bank System also operates four subsidiaries that operate
Cybersecurity Awareness Month: Partner with your bank to prevent account takeover
Cyber attacks against small businesses are growing increasingly sophisticated. Criminals use spoofed emails, malicious software, and online social networks to obtain login credentials to businesses’ accounts, transfer funds from the accounts, and steal private information, a fraud referred to as “corporate account takeover.” To combat this type of fraud, the American Bankers Association is providing
ABA survey: popularity of mobile banking continues to climb
The popularity of mobile banking continues to grow, according to a recent survey by the American Bankers Association (ABA). The survey of 1,000 U.S. adults revealed that while the Internet remains the most popular banking method, mobile banking has eclipsed the popularity of the telephone and U.S. mail and is now preferred by 8 percent of
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