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Community Bank System boosts dividend for Q3
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — announced that it has declared a cash dividend of 45 cents per share on its common stock for the third quarter. The dividend will be payable on Oct. 10, to shareholders of record as of Sept. 15. The […]
Chemung Financial to pay Q3 dividend of 31 cents in early October
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has approved a quarterly cash dividend of 31 cents per share of its common stock. The banking company will pay the dividend on Oct. 2, to shareholders of record as of the close of business on Sept. 18. At Chemung Financial’s
NBT’s Q2 earnings dip, but outlook remains positive
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out the second quarter of 2023 with about a 20 percent decline in profit amid a volatile market, but banking-company executives expressed a positive outlook for the remainder of the year. NBT reported that net income fell to $30.1 million, or 70 cents a share, in
Syracuse police nab suspect they say robbed KeyBank branch on South Warren Street
SYRACUSE, N.Y. — Syracuse police have made an arrest following the Friday morning robbery of the KeyBank (NYSE: KEY) branch at 201 S. Warren St.
People news: AmeriCU names new manager for Yorkville branch
YORKVILLE, N.Y. — Maryann Busch has joined AmeriCU Credit Union as financial center manager of its Commercial Drive office in Yorkville, the credit union announced.
KeyBank consolidates two Ithaca branches, formally opens one new office
ITHACA, N.Y. — KeyBank (NYSE: KEY) on Friday formally opened its new branch at 604 South Meadow St. in downtown Ithaca, which represents a branch
Pathfinder Bank names VP, senior commercial lender
OSWEGO — Pathfinder Bank has recently hired Joseph Pedrotti as VP and senior commercial lender. “We are thrilled to welcome Joe to our team,” Ronald G. Tascarella, the bank’s first VP, chief lending officer, said in a Pathfinder news release. “With his wealth of knowledge in commercial banking and his deep roots in the Central
Midyear business leaders outlook improves slightly
Business leaders are slightly less worried about a recession this year, according to JPMorgan Chase & Co.’s 2023 Midyear Business Leaders Outlook survey. A total of 45 percent of business leaders say the nation is already in a recession or expect a recession before the end of 2023, down from 65 percent who felt that
State’s $55.5M Small Business Revolving Loan Fund 2 offers microloans
ALBANY — New York State recently announced that its expanded $55.5 million Small Business Revolving Loan Fund 2 is available to provide shorter-term microloans and regular loans to address “inequitable” capital access “by bridging the financing gaps facing new companies, under-banked communities, and small businesses.” It’s part of New York’s broader Small Business Credit Initiative
Five Star Bank partners with software firm on digital loans
WARSAW — Five Star Bank is now offering digital-loan origination for small businesses through its partnership with Numerated, a Boston, Massachusetts–based software company. Five Star Bank is the wholly owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), which is headquartered in Warsaw in Wyoming County in Western New York and has branches across
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