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Pyramid lender extends loans on Destiny USA
SYRACUSE, N.Y. — Pyramid Management Group, which owns Destiny USA in Syracuse, on Thursday said its lender has extended the terms of the loans on
NBT Bank creates chief diversity officer role
NORWICH, N.Y. — NBT Bank is taking the next steps in its diversity, equity, and inclusion efforts by creating and filling a full-time chief diversity officer position. “It’s pretty clear in the research over time that a diverse workforce and a diverse leadership team provide better results,” says John H. Watt, Jr., president and CEO
New York manufacturing index rises in June but remains negative
The Empire State Manufacturing Survey general business-conditions index rose 10 points in June but stayed in negative territory at -1.2. The index — the monthly gauge on New York’s manufacturing sector — had declined significantly in May, falling 36 points to -11.6. The June reading — based on firms responding to the survey — indicates
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
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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
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