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Banks & Credit Unions
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
Five Star Bank parent sells assets of SDN Insurance Agency
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank, has sold the assets of its wholly owned subsidiary SDN
Community Bank announces plans for new Onondaga County branches
DeWITT, N.Y. — Community Bank, N.A. will expand its branch presence in Syracuse through 2025 with the addition of a downtown Syracuse office, as well as two other new branches in the metro area, the bank announced. Coupled with its existing branches in DeWitt, Cicero, and Skaneateles, the new locations, including one in the State
Pathfinder Bancorp boosts quarterly dividend by 11 percent
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 first-quarter 2024 dividend is payable on May 10 to all shareholders of record on April 19, according to an announcement from James A. Dowd, president and
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