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Banks & Credit Unions

M&T Bank announces commercial bank hires, promotions

Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires. Tim Gallagher has been named head of commercial real estate (CRE).

Cerminaro named CEO of Community Bank Wealth Management

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Michael T. Cerminaro has been appointed president and CEO of the Community Bank Wealth Management division of its Community Bank, N.A. banking subsidiary. Cerminaro joins the bank with more than 30 years of experience, having most recently served as market head for the

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Five Star Bank parent company to pay Q2 dividend in early July

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 30 cents per common share outstanding. The banking company will pay the second-quarter dividend on July 3, to shareholders of record on June 15.  At the banking

Survey: New York state manufacturing activity rises modestly in June

New orders and shipments were again factors as the general business-conditions index of the monthly Empire State Manufacturing Survey bounced back into positive territory in June by climbing 38 points to 6.6.  The general business-conditions index is the monthly gauge of New York’s manufacturing sector. It’s been going up and down like a yo-yo the

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