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Banks & Credit Unions

Taste of Syracuse raised more than $24,000 for two local nonprofits

SYRACUSE, N.Y. — The fundraising effort at this past June’s Taste of Syracuse event generated more than $24,000 for two local nonprofit organizations. Galaxy Media, which organizes Taste of Syracuse, on Wednesday presented checks totaling just over $12,000 to both David’s Refuge and Ronald McDonald House Charities of Central New York. The money collected for

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Louis Aiello

Adirondack Bank appoints MVHS financial executive to board of directors

UTICA — Adirondack Bank announced it has recently appointed Louis Aiello, senior VP and chief financial officer (CFO) at Mohawk Valley Health System (MVHS), as a new member of its board of directors. Aiello has more than 30 years of experience in finance and operations management, with specialized expertise in health-care financial leadership throughout Central

Five Star Bank

Five Star Bank parent reports nearly 32 percent drop in Q2 net income

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of more than $17.5 million in the second quarter of this year, down 31.6 percent from $25.6 million in the second quarter of 2024. After preferred dividends, Financial Institutions’ net income available to common shareholders was almost

NBT Bank names commercial banking regional manager for CNY

SYRACUSE, N.Y. — NBT Bank has appointed Luke Fagan as commercial banking regional manager for the Central New York region. Fagan is based at NBT’s Syracuse financial center in the Post Building in downtown Syracuse, the Norwich–based bank announced. He will be tasked with helping lead and grow the bank’s team of local commercial bankers.

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