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Community Bank announces dividend, annual meeting results
DeWITT — Community Bank System, Inc. (NYSE: CBU) announced that its board of directors has declared a quarterly cash dividend of 27 cents a share.
NBT declares quarterly dividend, amends bylaws
NORWICH — The board of directors of NBT Bancorp (NASDAQ: NBTB) has again declared a quarterly cash dividend of 20 cents a share on its
Solvay Bank Q1 profit rises almost 13 percent
SOLVAY — Solvay Bank Corp., the holding company for Solvay Bank, reported earnings of $1.7 million in the first quarter, up $190,000, or 12.7 percent,
Frank Berrish puts his imprint on Visions
ENDWELL — “I thought I made a mistake,” says Frank Eugene Berrish, looking back over his nearly 38-year career at Visions Federal Credit Union, which was chartered in 1965. “I left a bank with $33 million in assets to join a credit union with [only] $24 million and whose office was under the IBM cafeteria
Chemung Financial profit falls 33 percent in Q1
ELMIRA — Chemung Financial Corp., parent company of Chemung Canal Trust Co., reported that its first-quarter net income fell 33 percent to $2.4 million, or 52 cents a share, from $3.6 million, or 78 cents, in the year-ago period as both net interest and noninterest income declined. Low interest rates helped squeeze net interest margin
Community Bank profit rises almost 8 percent in Q1
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported first-quarter net income of $20.2 million, up 7.5 percent from $18.8 million in the year-ago period as the banking company benefited from its previous acquisitions and also generated internal growth. Diluted earnings per share totaled 50 cents in the latest quarter, up 4.2 percent from 48
Tompkins Financial profit rises in first quarter
ITHACA — Tompkins Financial Corp. (stock ticker: TMP) reported net income of $11.5 million in the first quarter, up 47 percent from $7.8 million a year ago, boosted by last year’s acquisition of VIST Financial Corp. in Pennsylvania. Earnings per share (EPS) at Tompkins Financial totaled 79 cents in the first quarter, up 13 percent
Medical ID Theft is Definitely Not What the Doctor Ordered
Vicki Lee Blair, a 63-year-old former computer analyst from Westminster, Calif., had the surprise of her life. Blair went to a clinic seeking antidepressant medication. She said she was shocked when clinicians bombarded her with questions about a blood test in her file indicating thyroid problems and illegal drug use. She insisted the records were inaccurate,
Full text of May 1 Federal Reserve statement on monetary policy decision
Below is the full text of the much-anticipated statement the Federal Reserve issued on Wednesday, May 1, laying out its monetary-policy plans regarding its securities purchases and interest-rate targets: “Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have
JPMorgan Chase plans for CNY middle-market growth
SYRACUSE — With some changes at the management level along with two new commercial-banking employees, JPMorgan Chase & Co. is poised to grow its middle-market business across the Central New York and Northern Central Pennsylvania region. On Jan. 1, JPMorgan Chase promoted Malcolm (Sandy) Wolcott from president of the upstate New York middle-market banking team
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