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NBT’s Salisbury acquisition paves the way for growth
NORWICH, N.Y. — The planned acquisition of Salisbury Bancorp, Inc. (NASDAQ: SAL) will help NBT Bancorp, Inc. (NASDAQ:) bridge the geographical gap between its existing branches and set it up for future growth along the state’s “chip corridor” from Syracuse to Poughkeepsie. The banking companies announced the $204 million, all-equity deal on Dec. 5, with […]
KeyCorp boosts quarterly dividend by 5 percent in Q4
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 fourth quarter. The dividend is payable on Dec. 15, to holders of record as
Cazenovia College to close its doors after spring 2023 semester
CAZENOVIA, N.Y. — Cazenovia College announced Wednesday it will shutter at the end of the 2022-2023 academic year due to financial problems. “We’re deeply disappointed
NBT to acquire Connecticut–based Salisbury Bancorp for $204 million
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) announced Monday that it has agreed to acquire Salisbury Bancorp, Inc. (NASDAQ: SAL), of Connecticut, in an
Syracuse Stage program gets boost from M&T Bank donation
SYRACUSE, N.Y. — Syracuse Stage plans to use a $20,000 grant from M&T Bank (NYSE: MTB) to substantially increase the number of pay-what-you-will performances for each show remaining in its 2022-23 season. The funding will allow the organization to provide more opportunities for Central New Yorkers to see live theatre. Syracuse Stage will also use
Community Bank System to pay Q4 dividend of 44 cents a share in January
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — announced that it has declared a cash dividend of 44 cents per share on its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec. 15. The
New York manufacturing index turned positive in November
Empire State Survey indicates sector expansion The general business-conditions index of the monthly Empire State Manufacturing Survey bounced back into positive territory in November — climbing 14 points to 4.5 — as the industry expanded again. The index had declined 8 points to -9.1 in October as the sector contracted. The general business-conditions
sfcu selects Cicero site for branch to serve Syracuse–area market
CICERO, N.Y. — Sidney Federal Credit Union (sfcu) announced it has chosen 8062 Brewerton Road in Cicero as the location of its planned flagship Syracuse–area
SBA approved more than $200M in traditional loans for upstate small businesses in FY22
The upstate New York district of the U.S. Small Business Administration (SBA) on Nov. 2 announced it approved more than $200 million in 524 traditional loans for small businesses in 34 counties across upstate New York during federal fiscal year 2022 (FY22). The figures represent a year-over-year increase of 52 traditional loans from FY2021. The
Syracuse Stage to use M&T Bank donation for pay-what-you-will program
SYRACUSE, N.Y. — Syracuse Stage says it will use a $20,000 grant from M&T Bank (NYSE: MTB) to provide “more opportunities” for Central New Yorkers
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