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Connecticut bank shareholders approve merger with NBT Bank
NORWICH, N.Y. — The shareholders of a Connecticut banking company have voted to approve a proposed merger with NBT Bancorp Inc. (NASDAQ: NBTB), the parent
New York manufacturing index climbs back into positive territory in April
The Empire State Manufacturing Survey general business-conditions index soared 35 points in April to 10.8 as business activity in the sector expanded. The index had
Oswego County FCU to donate $25K to selected nonprofits during April and May
OSWEGO, N.Y. — Oswego County Federal Credit Union (FCU) plans to donate $25,000 to a variety of area nonprofit organizations throughout April and May. Now
Dowd named Pathfinder Bank president and CEO
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, announced April 3 that its board of directors has named James A. (Jim) Dowd as president and CEO of the company and the bank. Dowd had served in both roles on an interim basis since April 14, 2022, following the
Moody’s upgrades Broome County financial rating
BINGHAMTON, N.Y. — Moody’s Investors Service has upgraded Broome County’s financial rating — to A1, from A2 — for the first time since 2011. In
Solvay Bank to pay quarterly dividend of 42 cents a share in late April
SOLVAY, N.Y. — Solvay Bank Corp. (ticker: SOBS), the holding company for Solvay Bank, recently announced that its board of directors has declared a cash dividend of 42 cents per share of its common stock for the first quarter. The dividend is payable on April 28, to shareholders of record at the close of business
AmeriCU Credit Union names new board chair and vice chair
ROME, N.Y. — AmeriCU Credit Union recently appointed two new leaders of its board of directors. Nick Fabrizio serves as the board’s chair while Jennifer Stowell is the vice chair of the credit union’s volunteer board. Both will serve three-year terms. Fabrizio is founder and CEO of Fabrizio & Company, a management-consulting firm in Baldwinsville.
Donahue’s Livestock Farms to use small farm loan for new butcher shop
NORTH BANGOR, N.Y. — Donahue’s Livestock Farms in North Bangor in Franklin County is the second farm to receive a loan through a revolving loan fund for small-scale food producers in the northern New York region. The Adirondack North Country Association (ANCA) works with Foodshed Capital, which operates in Virginia, to offer the loan fund,
Visions FCU opens new, revamped branch in Tioga County
NEWARK VALLEY, N.Y. — Visions Federal Credit Union (FCU) announced the opening of its newly rebuilt branch office in Newark Valley in Tioga County. The
New York manufacturing index falls further in March
The Empire State Manufacturing Survey general business-conditions index fell 19 points in March to -24.6 as new orders and shipments declined. The index had climbed 27 points in February to -5.8. The general business-conditions index is the monthly gauge on New York’s manufacturing sector. The March reading — based on firms responding to the survey
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