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Banks & Credit Unions
Cooperative Federal formally opens its relocated branch on Erie Boulevard
SYRACUSE, N.Y. — Cooperative Federal, a credit union founded and headquartered in Syracuse, on July 21 formally opened its relocated office at 1816 Erie Boulevard East in Syracuse. The credit union’s Erie Boulevard location replaced a branch formerly located just under 1 mile away at 723 Westcott St., where Cooperative Federal operated from 1994 through […]
AmeriCU announces major expansion of membership field
ROME, N.Y. — Big things are happening at AmeriCU Credit Union. The Rome–based credit union began this year with several strategic moves that set the organization up for continued growth, including opening a virtual branch and other innovative technology as well as adding several new positions, including three business-relations managers. “We have experienced considerable organic
SFCU breaks ground on new Cicero branch office
CICERO, N.Y. — Sidney Federal Credit Union (SFCU) recently formally broke ground on its first Syracuse–area branch at 8062 Brewerton Road in Cicero. Construction will begin as soon as the town approves permits, with plans to complete the project by the end of this year or early 2024. Principle Design Engineering, PLLC of Norwich is
Five Star Bank promotes Bader to chief information security officer
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, on July 24 announced that it has promoted Scott Bader to serve as the bank’s senior VP and chief information security officer (CISO). In his role, Bader will be responsible for the “execution and evolution” of the bank’s information and cybersecurity
Community Bank System leaders prepare for transition
“We’ve built a company that is very diversified and very stable,” incoming President/CEO Dimitar A. Karaivanov says in an interview with CNYBJ. With a significant banking business (Community Bank, N.A.), insurance business (OneGroup NY), benefits business (BPAS), and wealth-management business (Community Bank Wealth Management), “we have all the pieces in place,” he says. Current Community
VIEWPOINT: Key Elements of a Successful Credit-Union Strategy for 2024
Strategy is a big word. It has different meanings for different people. Most credit unions have a strategy, or at least something they refer to as a strategy. Some think of a strategic plan as a document that is produced in a nice binder and goes on a shelf. Others think of a plan with
Peoples Security Bank appoints Earley as assistant branch manager in Binghamton office
BINGHAMTON, N.Y. — Peoples Security Bank & Trust recently announced that it has promoted Duane Earley to assistant branch manager of its Binghamton office. With this new position, Earley will take on a more active role in establishing a team-based culture and developing positive sales growth at the branch, the bank said in a release.
SBA Syracuse-Upstate district leader Paprocki to retire July 29
SYRACUSE, N.Y. — Bernard J. Paprocki — director of the Syracuse-Upstate New York district of the U.S. Small Business Administration (SBA) — plans to retire
Pathfinder to pay 2nd quarter dividend of 9 cents on Aug. 11
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), bank holding company of Pathfinder Bank, announced on July 3 that it has declared a quarterly cash dividend of 9 cents per share on its common stock for the second quarter of this year. The dividend will be payable to all Pathfinder shareholders of record on July
People news: NBT Bank adds two to Utica Financial Center team
UTICA, N.Y. — NBT Bank announced it has added two new employees to its Utica Financial Center. Michael Cowan joined the bank as VP and
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