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sfcu cuts ribbon on newest branch, makes plans for more locations
SIDNEY, N.Y. — With many new projects and initiatives underway, Sidney Federal Credit Union (sfcu) took time out recently to celebrate the grand opening of its Amsterdam branch, which opened in the fall of 2021 during the pandemic. CEO Jim Reynolds calls the branch the next evolution in personal banking. Instead of the traditional teller […]
NBT Bancorp profit dips slightly in Q2
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) reported that its second-quarter net income dropped to $37.8 million, or 88 cents a share, from $40.3 million, or 92 cents per share, in the year-ago quarter. Net interest income recognized in this year’s second quarter from the federal Paycheck Protection Program (PPP) was about $1.3 million,
NCUA rates the Summit FCU as “well capitalized”
The Summit Federal Credit Union (FCU) is rated as “well capitalized” by regulators with the National Credit Union Administration (NCUA). It represents NCUA’s highest rating category for credit union net worth, the Summit FCU said in a May 20 release providing details about its May 19 virtual annual meeting. The credit union said it “enjoyed
Chemung Canal Trust adds account for the underserved
ELMIRA, N.Y. — Chemung Canal Trust Company recently added a new checking product aimed at people who don’t currently utilize a bank or credit union. Referred to as “unbanked” or “underbanked,” these people do not use a financial institution for a variety of reasons, says Scott Heffner, senior VP and director of marketing at Chemung
N.Y. manufacturing index back in positive territory in July
But manufacturers are pessimistic about next six months The Empire State Manufacturing Survey’s benchmark general business-conditions index climbed 12 points in July to 11.1. The general business-conditions index — the monthly gauge of current conditions in New York’s manufacturing sector —
Syracuse University’s next CFO spent two decades as an investment banker
SYRACUSE, N.Y. — A man who worked for two decades as an investment banker in the Midwest will become the next senior VP and CFO at Syracuse University. Syracuse Chancellor Kent Syverud on July 7 announced the appointment of Brett Padgett to the role. Padgett will direct the university’s finance and administration functions. Padgett’s appointment
People news: Tompkins names Mastin VP, HR manager of corporate culture
ITHACA, N.Y. — Tompkins Community Bank announced Stacie Mastin has assumed the role of VP and human resources (HR) manager of corporate culture. Mastin began
HISTORY FROM OHA: Syracuse Savings Bank: Syracuse’s first savings bank
The year was 1849. Thousands of 49ers caught gold fever and hoped to strike it rich in California, Elizabeth Blackwell became the first woman doctor in the U.S., and Harriet Tubman escaped slavery in Maryland. And, Syracuse Savings Bank was founded. Syracuse was incorporated as a city the year before in 1848 and had elected Harvey Baldwin
Business cybersecurity often involves paying attention
DeWITT, N.Y. — Protecting your money takes a lot more than an alarm or guard at the bank or shielding your PIN when you enter it at the ATM. This is especially true for businesses as more financial transactions take place in cyberspace. Businesses often notice bad transactions weeks after the fact, says Daniel Cardi,
Naples comes out of retirement to join Community Bank
DeWITT, N.Y. — Allen Naples is back. The veteran banker, who had been a fixture of the Central New York banking scene for more than four decades, retired a year ago but has returned to the industry. Naples has joined Community Bank, N.A. as a regional executive for the Central New York market, based at
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