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The Summit CEO discusses strategic growth at annual meeting
ROCHESTER —The president and CEO of The Summit Federal Credit Union called 2023 a “year of positive strategic growth.” That’s according to a recap of the credit union’s annual meeting held both virtually and in person on May 22. The Rochester–based federal credit union operates locations throughout Central New York. “We had a very solid […]
NBT Insurance Agency acquires agency in the Catskills
NORWICH — NBT Insurance Agency, LLC has acquired Karl W. Reynard, Inc. General Insurance, in Stamford in Delaware County, adding to NBT’s presences in the Catskills region, the company announced. “The team at NBT Insurance Agency is excited to continue our growth in the Catskills through this acquisition,” NBT Insurance President Tucker Lounsbury said in
CFCU Community Credit Union names new board chair
ITHACA — CFCU Community Credit Union has announced the appointment of Katie Foley as its new board chair, succeeding Amy Wood Gonzalez in the role. Foley, co-owner of Silo Food Truck, joined CFCU’s board of directors in 2014 and previously served as vice chair and secretary, per the July 10 announcement. “Katie is an accomplished
Visions Investment Services rebrands
ENDWELL — Visions Federal Credit Union (FCU) says its Visions Investment Services is now operating as Visions Wealth Management. The rebranding coincides with the 20th
Chemung Canal Trust to consolidate Ithaca branches
ITHACA — Chemung Canal Trust Company announced it will be consolidating two of its three Ithaca branch offices. The 806 West Buffalo St. location, known
Berkshire Bank names business banking managing director
Berkshire Bank, which has a significant presence in the Mohawk Valley region, recently announced it has promoted Rob Nichols to managing director of its business banking team. In his new role, Nichols oversees the team of business-banking professionals serving the needs of smaller to mid-sized businesses across Berkshire’s five-state market of Massachusetts, New York, Connecticut,
VIEWPOINT: How Community Financial Institutions Can Compete, Collaborate with FinTech
In 1967, the first automated teller machine (ATM) was installed in a Barclays branch, enabling banking customers to withdraw cash from their account without visiting a teller line. Since then, technology has taken center stage in financial services. Today, consumers have instant access to their entire financial lives no matter where they are on the
AmeriCU introduces USDA-backed mortgage loans
Seeks to help more members secure home ownership ROME — AmeriCU Credit Union recently announced it has added mortgage loans, backed by the
Chemung Financial profit slips more than 20 percent in second quarter
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, recently reported that its profit declined more than 20
Commercial market remains on steady heading, banker says
SYRACUSE, N.Y. — The commercial real-estate market in Syracuse and surrounding areas remains stable post-pandemic, bucking the trend some other cities are seeing with increasing vacancy rates. The much-feared recession hasn’t happened, says Lindsay Weichert, senior VP and commercial group practice manager at Community Bank, and the market has avoided any big swings. Across the
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