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Watt reflects on time at NBT as he prepares for retirement
NORWICH — While the Jan. 22 announcement that NBT Bancorp, Inc. (NASDAQ: NBTB) President/CEO John H. Watt, Jr. will retire this coming May might have caught some by surprise, it’s a decision Watt says he reached last year. What spurred the decision? “The bench!” he tells The Central New York Business Journal. “The strength of […]
Pathfinder Bancorp pays dividend of 9 cents a share in Q4
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, recently paid a quarterly cash dividend of 9 cents per share on its common stock. The fourth quarter 2023 dividend was paid on Feb. 2 to all shareholders of record on Jan. 12, according to an announcement from James A. Dowd,
Community Bank System elects new independent director
DeWITT — Community Bank System, Inc. (NYSE: CBU) recently announced the election of Michele Sullivan to its board of directors as a new independent director, effective Feb. 1. Sullivan is a retired partner of Crowe LLP, a Chicago–based public accounting, consulting, and technology firm, serving in its consulting practice specializing in the financial-services sector. She
AmeriCU Credit Union formally unveils renovated Auburn branch
AUBURN — Rome–based AmeriCU Credit Union announced it recently unveiled its newly remodeled Auburn financial center (branch office) that blends technology with personal service. The credit union’s employees and community members celebrated the renovation with a ribbon-cutting ceremony at the branch office, located at 295 Grant Ave., on Jan. 17. New teller pods and interactive
NBT Bancorp CEO Watt announces plans to retire in May
NORWICH, N.Y. — NBT Bancorp Inc. President and CEO John H. Watt, Jr. announced he will retire, effective May 21 of this year. The company’s board of directors, after a 10-month process, approved a succession plan that will promote Scott A. Kingsley, NBT’s current CFO, to succeed Watt as president and CEO. Kingsley will also
Visions FCU formally opens financial-readiness center at SU’s NVRC
SYRACUSE, N.Y. — Visions Federal Credit Union (FCU) on Friday formally opened its financial-readiness kiosk area at Syracuse University’s (SU) National Veterans Resource Center (NVRC)
N.Y. manufacturing index slides into negative territory in December
The Empire State Manufacturing Survey general business-conditions index fell 24 points to -14.5 in December, pointing to a decline in the sector, according to the latest monthly report from the Federal Reserve Bank of New York. The index had gained 14 points to 9.1 in November, its highest reading since April, after declining 7 points
AmeriCU names Bonney as Watertown branch manager
WATERTOWN, N.Y. —AmeriCU Credit Union announced it has appointed Andrew Bonney as manager of its Watertown financial center. As manager, Bonney’s role includes supervising and
SECNY FCU board appoints Vassallo as executive VP
ONONDAGA, N.Y. — The board of directors of SECNY Federal Credit Union (FCU) recently announced the appointment of Peter Vassallo as the credit union’s new
Solvay Bank plans Mohawk Valley commercial-banking expansion in 2024
SOLVAY, N.Y. — Onondaga County–based Solvay Bank announced it is expanding its commercial-banking services in the Mohawk Valley region in the new year. The bank
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