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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 […]
Community Bank opens Hanover Square branch in Syracuse
SYRACUSE — Community Bank, N.A. on Oct. 16 formally opened the first of four planned Syracuse–area branches, marking the bank’s focus on serving more urban communities. “It’s also a new model for the bank,” says Lekia Hill, Community Bank’s branch and community development manager for the Hanover Square branch, located at 109 South Warren St.
National Grid awards Launch NY $250K to mentor upstate startups
BUFFALO, N.Y. — National Grid has awarded Buffalo–based Launch NY a $250,000 economic-development grant to support entrepreneurial ventures. The funding comes through the utility’s CleanTech
Pathfinder Bancorp sells insurance subsidiary to Hudson Valley company
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC) 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 owns a 51 percent interest in the Oswego–based FitzGibbons Agency, a third-generation independent insurance
Empire State manufacturing survey plunges into negative territory in October
The Empire State Manufacturing Survey general business-conditions index plummeted 23 points to -11.9 in October, pointing to current contraction in the state’s manufacturing industry. The
Onondaga County says S&P affirms its bond rating, improves outlook
SYRACUSE, N.Y. — S&P Global Ratings has affirmed Onondaga County’s bond rating of “AA” with an improvement from “stable” to “positive” outlook, the office of
RT Federal Credit Union breaks ground on Lyons Falls branch
LYONS FALLS — Rome–based RT Federal Credit Union recently broke ground on a new branch in Lyons Falls, which is located in Lewis County. “This new branch represents our continued investment in Lyons Falls and the surrounding areas,” Board Treasurer Tracy Worden said in a news release. “We are excited to expand our footprint and
Berkshire Bank parent company to pay Q3 dividend of 18 cents
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on Oct. 10, to shareholders of record as of
Pathfinder Bancorp to pay Q3 dividend of 10 cents in early November
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The third-quarter 2024 dividend is payable on Nov. 8 to all shareholders of record on Oct. 18, according to an announcement from James A. Dowd, president and
Berkshire Bank opens new office in DeWitt
DeWITT, N.Y. — Just six months after announcing the sale of a nearby branch in the village of East Syracuse to another bank, Berkshire Bank has opened a new office in the town of DeWitt. The new Berkshire Bank office at 6319 Fly Road in DeWitt will support its business banking, commercial real estate, middle-market
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