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Banks & Credit Unions
Visions Federal Credit Union’s COO Butler retires
ENDWELL, N.Y. — Ed Butler, executive VP and chief operating officer (COO) of Visions Federal Credit Union, has retired after 42 years with the organization. Butler started working for Visions on July 8, 1980 and retired on July 8 of this year, per the credit union’s July 18 news release. Butler began his career with […]
Tompkins Financial to pay Q3 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced that its board of directors has approved payment of a regular quarterly cash dividend of 57 cents a share for the third quarter. The dividend is payable on Aug. 12, to common shareholders of record on Aug. 2. It is the same amount that the Ithaca–based
Community Bank’s Penny named to AHA’s Syracuse Advisory Board
DeWITT, N.Y. — Community Bank N.A. announced that its VP and director of marketing, Dara Penny, has been appointed to the American Heart Association’s (AHA) Syracuse Advisory Board. In this new role, Penny will help drive AHA’s “mission for a world of longer, healthier lives through fundraising, advocacy, and volunteer efforts.” Penny, who has been
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
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