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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
NBT Bancorp to close on Salisbury Bancorp acquisition on Aug. 11
NORWICH, N.Y. — NBT Bancorp Inc., (NASDAQ: NBTB) announced it will complete its acquisition of Connecticut–based Salisbury Bancorp, Inc. on Aug. 11, now that it
Moody’s, S&P affirm “stable outlook” for Onondaga County bond ratings
SYRACUSE, N.Y. — Moody’s Investors Service has affirmed Onondaga County’s bond rating of “Aa2” with a stable outlook, and S&P Global Ratings also affirmed its
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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