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NBT Bank launches fund for community real-estate projects
NORWICH, N.Y. — NBT Bank and CEI-Boulos Capital Management launched a $10 million real-estate equity investment fund called NBT-CEI Boulos Impact Fund to create community-oriented
Wealth Management Special Report
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Reed joins Key Private Bank in Syracuse
SYRACUSE, N.Y. — Heather Reed has recently joined Key Private Bank in Syracuse as an associate relationship manager. In this role, Reed is responsible for managing and building client relationships based upon knowledgeable advice that is aligned to the clients’ financial needs and advocating solutions that help clients reach their goals, KeyBank said in an
Five Star Bank parent company to pay next quarterly dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the second-quarter dividend on July 5, to shareholders of record on June 17. It is the same
KeyCorp to pay Q2 dividend of 19.5 cents in mid-June
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 19.5 cents per share of its common stock for the second quarter. The dividend is payable on June 15, to holders of record as
Community Bank System declares dividend of 43 cents a share for July payment
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter. The dividend will be payable on July 11 to shareholders of record as of June 15. The quarterly payment represents an annualized yield of about 2.7
Community Bank wraps up Elmira Savings acquisition
DeWITT, N.Y. — The acquisition of Elmira Savings Bank by Community Bank System, Inc. (NYSE: CBU) does more than just add branches to its Community Bank, N.A. unit. The purchase brings a broader and deeper set of services to bank customers, says Mark E. Tryniski, president and CEO of Community Bank System, which is based
N.Y. manufacturing index turns negative again on falling new orders
A “sharp reversal” in the indexes measuring new orders and shipments sent the monthly gauge of the state’s manufacturing sector back into negative territory. The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6 in May, pointing to contraction in manufacturing activity. The index had climbed by the same number of points to 24.6
People news: Lyons National Bank adds commercial-loan officer in Auburn
AUBURN, N.Y. — Lyons National Bank (LNB) recently hired Todd L. Borsa as assistant VP, commercial-loan officer in its Auburn offices. Borsa, an Auburn native,
New York manufacturing index plummets back into negative territory in May
The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6, pointing to contraction in manufacturing activity. The index — the monthly gauge
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