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Pathfinder Bancorp profit slips 10 percent in Q4
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported net income of $3.5 million, or 58 cents a share, in the fourth quarter, down 10 percent from $3.9 million, or 64 cents, in the year-prior quarter. The banking company reported total revenue (net interest income plus total noninterest […]
N.Y. manufacturing index rises but still shows contraction
General business-conditions index up 27 points to -5.8 in February New orders declined modestly, and shipments held steady as the general business-conditions index of the Empire State Manufacturing Survey climbed 27 points in February to -5.8. The index had fallen 22 points to -32.9 in January, representing its lowest level since mid-2020 and the fifth worst
Maine woman faces 67 charges for thefts from area Empower FCU branches
NORTH SYRACUSE, N.Y. — State Police in North Syracuse arrested a Portland, Maine woman on Feb. 16 on 67 charges for allegedly stealing nearly $20,000
Berkshire Bank’s parent company to pay dividend of 18 cents a share in early March
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 March 2, to shareholders of record as
NBT Bank to move CNY regional HQ to The Post later this year
SYRACUSE, N.Y. — NBT Bank says it is planning to move its Central New York regional headquarters to The Post building later this year. The Post is the rebranded name of the building that was formerly home to The Post-Standard newspaper, which VIP Development Associates, the development arm of VIP Structures, is renovating into its
SECURE 2.0 Act brings changes to retirement planning
SYRACUSE — Passed at the end of 2022, the SECURE 2.0 Act contains many new benefits for employers as well as employees in hopes of boosting retirement savings across the country. The act (formally known as the Consolidated Appropriates Act of 2023 (HR 2617) builds upon the 2019 SECURE Act with about 90 provisions that
KeyCorp to pay Q1 dividend in mid-March
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the first quarter. The dividend is payable on March 15, to holders of record as of the
M&T Bank Corp. adds Hearst executive to board
M&T Bank Corp. (NYSE: MTB) recently announced that it has added Carlton J. Charles, senior VP of treasury and risk management at Hearst, to its board of directors. Upon his election, effective Jan. 18, Charles was appointed as a member of the nomination and governance committee of M&T’s board. He was also elected to the
KeyBank using Blend platform for digital mortgage applications
KeyBank recently announced it is using a software platform provided by Blend (NYSE: BLND) that digitizes the end-to-end mortgage-application process for clients looking to purchase or refinance a home. San Francisco, California–based Blend provides a cloud-based banking platform to “streamline workflows and transform banking experiences for their customers,” per the Blend website. With the use
New York manufacturing index rises in February but remains in negative territory
The Empire State Manufacturing Survey general business-conditions index climbed 27 points in February to -5.8. The index had fallen 22 points to -32.9 in January,
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