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SBA, SBDC honor area small businesses in ceremony at OCC
ONONDAGA, N.Y. — The U.S. Small Business Administration (SBA) and the North Central Small Business Development Center (SBDC) on Monday recognized five area small businesses
Five Star Bank parent posts Q1 profit of nearly $17M
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of $16.9 million in the first quarter of 2025. That’s an improvement from its net loss of $82.8 million in the fourth quarter of 2024 and net income of $2.1 million in the first quarter of 2024.
Solvay Bank analyst appointed to UnitiEast executive committee
SOLVAY — Solvay Bank recently announced that Shawn Cornell, senior applications analyst (in computer/network operations) at Solvay Bank, has been appointed to the executive committee of UnitiEast. UnitiEast is a collaborative organization that brings together financial institutions to share information, exchange ideas, and implement best practices within the software and digital product space, Solvay Bank
KeyCorp to start buying back shares in 2nd half of year
KeyCorp (NYSE: KEY) in mid-March announced that its board of directors has authorized a share-repurchase program in which KeyCorp may buy back up to $1 billion worth of its common stock, in the open market or in privately negotiated transactions. KeyCorp — parent company of KeyBank, the No. 2 bank ranked by deposit market share
CenterState CEO announces Business of the Year Award winners at annual meeting
SYRACUSE, N.Y. — CenterState CEO used its annual meeting on Wednesday to announce its Business of the Year Award winners in front of an audience
Visions starts 5th year as naming sponsor for Binghamton arena
BINGHAMTON, N.Y. — Visions Federal Credit Union (Visions FCU) has begun its fifth year as naming sponsor of the Visions Veterans Memorial Arena in Binghamton. With support from Visions during the past four years, the credit union says the local venue has “overcome challenges brought by the pandemic and is now bustling with increased attendance
Visions FCU hires Killeen as VP/chief risk officer
ENDWELL, N.Y. — Visions Federal Credit Union (FCU) says it has recently hired Patrick Killeen as VP/chief risk officer. Visions describes Killeen as a “seasoned” risk executive with more than 32 years of experience in risk management, internal auditing, operations, and data analytics for financial institutions, per the credit union’s April 9 announcement. As chief
BPAS announces division leadership change
Benefit Plans Administration Services, Inc. (BPAS) recently announced a change in leadership as longtime president of its actuarial and pension services (APS) division Vincent Spina steps down from the role. Jason Disco will take on the position and continue to lead the APS division through what has been a period of growth. “I’ve stepped down
Former Pathfinder Bank financial advisor launches his own firm in Fulton
FULTON, N.Y. — After nearly 15 years of serving clients at Pathfinder Bank in its Investment Services Department, financial advisor Craig Fitzpatrick has started his own firm. Fitzpatrick Financial, a full-service investment firm, has opened for business at 201 S. Second St. (NY-481) in Fulton. “Starting Fitzpatrick Financial has been a dream of mine for
Community Financial System to pay Q2 dividend of 46 cents
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 46 cents per share on its common stock for the second quarter of this year. It will pay the dividend on July 10, to shareholders of record as of June 13. The payment yields about 3.5
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