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Chemung Financial posts strong sequential quarter profit growth
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, reported that its net income nearly doubled in the first quarter of this year compared to last quarter. Elmira–based Chemung Financial produced net income of $7.1 million, or $1.48 per share, in the first three months of 2024, up 87 […]
Oswego County FCU launches “Buy Now, Pay Later” product
OSWEGO — Oswego County Federal Credit Union (FCU) announced it has added “Buy Now, Pay Later” (BNPL) to its suite of online-banking products. Oswego County FCU says it has partnered with Scottsdale, Arizona–based equipifi, a BNPL platform tailored for debit-card issuers, to “enhance its offerings,” per a March 28 announcement. Oswego County FCU is a
Visions board reelects directors, reorganizes at March meeting
ENDWELL — Visions Federal Credit Union (FCU) reelected three directors to its board of directors during its 58th annual meeting held March 16 at its headquarters in Endwell. Michael Mullen, Mary Robinson, and Denise Stoughton were reelected to three-year terms on the board. The Visions FCU board also includes Jill Bennedum, Kenneth Kidder III, James
AmeriCU’s 2023 highlights included expansion, renovations
ROME — AmeriCU Credit Union in July 2023 announced its largest expansion into 15 additional counties across the North Country, Mohawk Valley, Central New York, and Southern Tier communities of New York state. The credit union says it has expanded its field of membership into 24 counties to “promote financial education, stability, and growth.” The
NBT reports flat earnings in Q1, poised for future growth
NORWICH — NBT Bancorp Inc., (NASDAQ: NBTB), the parent company of NBT Bank, N.A., saw relatively flat earnings in the first quarter of 2024, reporting net income of $33.8 million, or 71 cents a share, compared to $33.7 million, or 78 cents per share in the year-ago quarter. “NBT reported solid results for the quarter
Pathfinder Bank appoints first VP, corporate controller
OSWEGO — Pathfinder Bank recently announced it has named Regina Bass first vice president and corporate controller. In this role, Bass will continue to oversee the bank’s corporate-accounting function and is responsible for both internal and external regulatory financial reporting, including Securities & Exchange Commission filings, for the bank and its subsidiaries. She also serves
Solvay Bank appoints business-banking officer
SOLVAY — Solvay Bank announced that Lynn Coates has joined its new small-business banking team as a VP, business-banking officer. Coates joined Solvay Bank in 2022 on Solvay Bank’s commercial-lending team, where she specialized in commercial lending, investments, and small-business banking. She has more than 33 years of banking experience and has been in business
Community Bank adds escrow-management platform
DeWITT — For businesses that have to hold onto other peoples’ money — think lawyers with escrow accounts and landlords with tenant security deposits — Community Bank N.A. has added a new product to its banking lineup it believes will make things easier. “We’re really excited about it,” Benjamin Conger, commercial banking officer at Community
Community Bank plots grow as region’s economy picks up
DeWITT — As development and economic activity bustle along the state’s Thruway corridor, Community Bank System, Inc. (NYSE: CBU) has its own plans to beef up its presence in those markets, starting with three new Community Bank, N.A. branches in Onondaga County. “It’s part of our strategic plan,” President/CEO Dimitar Karaivanov tells CNYBJ in an
Solvay Bank to pay quarterly dividend of 43 cents a share at end of April
SOLVAY — Solvay Bank Corp. (ticker: SOBS), the holding company for Solvay Bank, recently announced that its board of directors has approved a cash dividend of 43 cents per share of its common stock for the first quarter of this year. The dividend is payable on April 30, to shareholders of record at the close
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