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Solvay Bank appoints business-banking officer
SOLVAY — Solvay Bank announced that Lynn Coates has joined its new small-business banking team as a VP, business-banking officer. Coates joined Solvay Bank in 2022 on Solvay Bank’s commercial-lending team, where she specialized in commercial lending, investments, and small-business banking. She has more than 33 years of banking experience and has been in business […]
Community Bank adds escrow-management platform
DeWITT — For businesses that have to hold onto other peoples’ money — think lawyers with escrow accounts and landlords with tenant security deposits — Community Bank N.A. has added a new product to its banking lineup it believes will make things easier. “We’re really excited about it,” Benjamin Conger, commercial banking officer at Community
Community Bank plots grow as region’s economy picks up
DeWITT — As development and economic activity bustle along the state’s Thruway corridor, Community Bank System, Inc. (NYSE: CBU) has its own plans to beef up its presence in those markets, starting with three new Community Bank, N.A. branches in Onondaga County. “It’s part of our strategic plan,” President/CEO Dimitar Karaivanov tells CNYBJ in an
Solvay Bank to pay quarterly dividend of 43 cents a share at end of April
SOLVAY — Solvay Bank Corp. (ticker: SOBS), the holding company for Solvay Bank, recently announced that its board of directors has approved a cash dividend of 43 cents per share of its common stock for the first quarter of this year. The dividend is payable on April 30, to shareholders of record at the close
Five Star Bank parent sells assets of SDN Insurance Agency
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank, has sold the assets of its wholly owned subsidiary SDN
Community Bank announces plans for new Onondaga County branches
DeWITT, N.Y. — Community Bank, N.A. will expand its branch presence in Syracuse through 2025 with the addition of a downtown Syracuse office, as well as two other new branches in the metro area, the bank announced. Coupled with its existing branches in DeWitt, Cicero, and Skaneateles, the new locations, including one in the State
Pathfinder Bancorp boosts quarterly dividend by 11 percent
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The first-quarter 2024 dividend is payable on May 10 to all shareholders of record on April 19, according to an announcement from James A. Dowd, president and
People news: Berkshire Bank names cash-management sales team leader
Berkshire Bank, which does business across New England and New York, announcedthat it has promoted Frank Tamburrino to senior VP and team leader of cash
Berkshire Bank sponsors room at MVCC’s thINCubator
UTICA, N.Y. — The Berkshire Bank Foundation awarded a three-year, $36,000 naming sponsorship to the Mohawk Valley Community College Foundation, Inc., and the MVCC thINCubator’s
CNY Community Foundation launches nonprofit bridge-loan program
SYRACUSE — The Central New York Community Foundation recently introduced a new nonprofit bridge-loan program that it says will help not-for-profits continue essential community services while waiting to receive approved grant funding. The foundation’s local impact investing program closed on a $500,000 deposit to Cooperative Federal (Coop Fed) to launch the bridge-loan program. Coop Fed
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