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KeyCorp to pay 2nd quarter dividend in mid-June
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the second quarter of this year. The dividend is payable on June 15, to […]
N.Y. manufacturing index plunges back into negative territory
The benchmark index measuring manufacturing activity in New York state returned to negative territory in May. The Empire State Manufacturing Survey’s general business-conditions index plummeted 43 points in the fifth month of the year to -31.8 as business activity “declined significantly,” according to a May 15 report from the Federal Reserve Bank of New York.
People news: Fulton Savings Bank hires Roman as chief lending officer
FULTON, N.Y. — Fulton Savings Bank announced it has appointed Thomas W. Roman as senior VP and chief lending officer. He started in his new
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,
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