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Berkshire Bank’s holding company to pay dividend of 18 cents a share on June 1
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a major presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend will be payable on June 1, to shareholders of record as […]
NYCUA selects preferred digital provider
The New York Credit Union Association (NYCUA) has selected Eltropy — a digital conversations platform for community financial institutions — as its preferred provider and sponsor. Milpitas, California–based Eltropy will be presenting at the NYCUA convention in June., the company said. “The ability to engage with members digitally as well as in-branch becomes increasingly important
People news: Barclay Damon adds attorney in Syracuse office
SYRACUSE, N.Y. — Barclay Damon announced that Christopher Babiarz has recently joined the law firm’s real estate and institutions & lending practice areas as an
People news: Visions Federal Credit Union hires new community development manager
ENDWELL, N.Y. — Visions Federal Credit Union announced it has hired Hanna Mitchell as community development manager. In this role, Mitchell leads the Visions Cares
Fetsko to step down from dual role at Tompkins Financial
ITHACA, N.Y. — After 27 years of service to the company, Francis M. Fetsko will retire this fall from his roles as chief financial officer
Visions holds annual meeting, announces board appointments
ENDWELL, N.Y. — Visions Federal Credit Union elected three directors to its board of directors during the credit union’s 57th annual meeting, which was held recently at its headquarters located in Endwell. In addition, a special reorganization meeting following the annual meeting included the election of new officers and appointments, per an April 11 news
Community Bank earnings drop after securities-sale losses
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU), parent company of Community Bank, N.A., recently reported that its earnings plummeted in the first quarter, with net income falling nearly 88 percent to $5.8 million from $47.1 million a year ago, in the wake of a balance-sheet repositioning. Earnings per share dropped nearly as much,
Financial literacy is a business must, banker says
DeWITT, N.Y. — Often thought of as something for individual consumers, financial literacy can be an important element of business ownership, according to one area banking professional. There are really two prongs to financial literacy for business owners, says Laura Mattice, Community Reinvestment Act officer at Community Bank, N.A. The first prong is really understanding
Solvay Bank announces promotions in branch administration
SOLVAY, N.Y. — Solvay Bank announced the recent promotions of Caitlin Wynn and Jan Lighton in its Branch Administration Department. Wynn has been promoted to retail operations specialist at Solvay Bank. She has previously held the roles of head teller, banking-solutions representative, and assistant branch manager. Wynn graduated from Saints Peter and Paul Catholic College.
AmeriCU CEO says the credit union remains financially strong
ROME, N.Y. — Rome–based AmeriCU Credit Union “remains financially strong and well-capitalized.” That’s part of the message that Ronald Belle, president and CEO of AmeriCU, delivered to the credit union’s annual membership meeting held March 13. John Stevenson, chairman of the AmeriCU board of directors, also addressed the current membership on the credit union’s financial
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