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Banks & Credit Unions
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
Solvay Bank, FHLBNY award grants to small businesses, nonprofits
Solvay Bank awarded the grants to the 10 local recipients in December. “As a community bank, we believe in the power of small businesses and
Community Bank announces plans for new corporate headquarters
DeWITT, N.Y. — Community Bank on Friday announced it will relocate its corporate headquarters and data center from 5790 Widewaters Parkway to 333 Butternut Drive
People news: Tompkins Community Bank names manager for two Syracuse–area branches
SYRACUSE, N.Y. — Tompkins Community Bank announced that Amy Phelps has joined the bank as a multi-site manager for its two branches in the Syracuse
SECNY FCU CEO Bobesky to retire in 2024, new CEO named
ONONDAGA, N.Y. — SECNY Federal Credit Union (FCU) says Walter Bobesky, who had served as CEO for 32 years, plans to retire in 2024. The
Tioga State Bank’s Fisher named to Federal Home Loan Bank of New York board
SPENCER, N.Y. — The Federal Home Loan Bank of New York (FHLBNY) has elected Tioga State Bank President/CEO Robert M. Fisher to serve a four-year term on its board as a member director representing New York. Fisher will serve Jan. 1, 2024, through Dec. 31, 2027. FHLBNY is a congressionally chartered, wholesale bank with a
Adirondack Bank announces board leadership changes
UTICA, N.Y. — Adirondack Bank Chairman H.T. (Tom) Clark, Jr. will transition to chairman emeritus, effective on Jan. 1, 2024, the bank announced on Dec. 7. He will remain a director on the bank’s board of directors and act as a consultant to the bank while his son, current Vice Chairman Robert Clark, will become
OneGroup CEO Morrisseau to accept ‘24 Crystal Ball Award
SYRACUSE, N.Y. — Pierre Morrisseau, CEO of Syracuse–based OneGroup, is the 47th recipient of the annual Crystal Ball Award, as selected by the Central New York Sales & Marketing Executives (CNYSME). CNYSME will present the award to Morrisseau on April 17 at the Marriott Syracuse Downtown during the annual Crystal Ball and Sales & Marketing
Interest rates, lack of supply continue to plague housing industry
Low inventory was the biggest issue plaguing home sales in the area and the state this past year, says Mohawk Valley Association of Realtors Executive Officer Ann Rushlo. Year to date through October, closed home sales in New York state are down 22 percent, pending sales are off almost 13 percent, and new listings are
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