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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
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
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