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Berkshire Bank parent’s Q1 net income rises 37 percent
Berkshire Hills Bancorp (NYSE:BHLB) — the parent company of Berkshire Bank, which has a major presence in the Mohawk Valley — reported first-quarter net income of $27.6 million, or 63 cents a share, up nearly 37 percent from $20.2 million, or 42 cents, in the year-ago quarter. While the results matched those forecast by Zacks […]
Visions FCU opens newly rebuilt branch in Tioga County
NEWARK VALLEY, N.Y. — The newly reconstructed branch office of Visions Federal Credit Union (FCU) in Newark Valley in Tioga County is now open. The branch opening concludes a year-long project to tear down and rebuild the structure at 7198 State Route 38, Visions FCU said in its April 5 announcement. The new office includes
Pacos joins Five Star Bank, parent company as chief risk officer
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that it has added Gary Pacos as chief risk officer. In his role, Pacos is responsible for all aspects of the organization’s risk-management function including identifying, measuring, monitoring, and managing risk throughout the company. Pacos arrived at Five Star
NBT Bancorp’s first-quarter earnings dip 14 percent
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) reported net income of $33.7 million, or 78 cents per share, in the first quarter of 2023, down nearly 14 percent from $39.1 million, or 90 cents, in the year-ago quarter due to securities losses and acquisition expenses. “NBT’s first-quarter results reflect the strength of our balance
Oswego County FCU donating $25K to selected nonprofits
OSWEGO — Oswego County Federal Credit Union (FCU) says it’s donating a total of $25,000 to a variety of area nonprofit organizations. The effort started in April and will continue throughout May, per its April 11 announcement. Now in its second year, the credit union developed this initiative to increase “employee involvement and presence” within
AmeriCU investment team wins industry award
ROME, N.Y. — AmeriCU Credit Union’s investment team recently received the 2022 Perspective Program Award of Excellence from the Credit Union National Association (CUNA) Mutual Group. CUNA Mutual Group is a mutual-insurance company that provides financial services to cooperatives, credit unions, and their members. A selection committee used information from sales leaders, managers, and CUNA
Citizens Business Conditions Index bounces back in Q1
The national Citizens Business Conditions Index (CBCI) rose to 53.9 in the first quarter, “reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.” The CBCI had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter “signaled a return to positive
Miss Prissy’s to move from Salt City Market to a new location on South Warren Street
SYRACUSE, N.Y. — Miss Prissy’s, one of the eight original tenants of the Salt City Market, has signed a lease for its future storefront at
Pathfinder to pay Q1 dividend of 9 cents on May 19
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 9 cents a share on its common stock for the fiscal quarter ending March 31. The dividend will be payable to all Pathfinder shareholders of record on April 24 and will be paid on May
N.Y. manufacturing activity grew for the first time in 5 months
Improvements in orders and shipments were among the factors as the general business-conditions index of the monthly Empire State Manufacturing Survey jumped 35 points in April to 10.8. The general business-conditions index is the monthly gauge of New York’s manufacturing industry. The index had fallen 19 points in March to -24.6. The April reading —
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