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Rise in orders, shipments sends N.Y. manufacturing index higher
An increase in New York manufacturing activity in the last few weeks has a monthly index at its highest level since November 2024. The general business conditions index of the Empire State Manufacturing Survey rose 6 points to 11.9 in August. That followed up a 22-point jump in the index in July to bounce back […]
Five Star Bank parent reports nearly 32 percent drop in Q2 net income
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of more than $17.5 million in the second quarter of this year, down 31.6 percent from $25.6 million in the second quarter of 2024. After preferred dividends, Financial Institutions’ net income available to common shareholders was almost
Central New York Community Foundation closes on $490K deal for WCNY training program
SYRACUSE, N.Y. — A local impact-investing program at the Central New York Community Foundation has closed on a $490,000 deal for WCNY’s Entertainment Academy until
NBT Bank names commercial banking regional manager for CNY
SYRACUSE, N.Y. — NBT Bank has appointed Luke Fagan as commercial banking regional manager for the Central New York region. Fagan is based at NBT’s Syracuse financial center in the Post Building in downtown Syracuse, the Norwich–based bank announced. He will be tasked with helping lead and grow the bank’s team of local commercial bankers.
Binghamton University breaks ground on $5.6 million track-and-field project
VESTAL, N.Y. — Binghamton University on Tuesday broke ground on a $5.6 million project to revamp its track-and-field facility near the East Gym. The upgrades
New executive director appointed at Greater Syracuse Business Development Corp.
SYRACUSE, N.Y. — Brian Bund is the new executive director of the Greater Syracuse Business Development Corporation (GSBDC). In this role, Bund is the manager of the certified development corporation and provides strategic leadership to achieve GSBDC’s mission and the board’s vision, overseeing all aspects of program marketing, loan production, processing, servicing and liquidation, according
New York manufacturing index hits highest level since late 2024
New York manufacturing activity expanded in the latest month with a key benchmark hitting a level not seen since late last year. The general business
First Source FCU breaks ground on new Herkimer branch
HERKIMER, N.Y. — First Source Federal Credit Union (FCU) announced it has started the groundwork for a new branch office in Herkimer, scheduled for completion
Home HeadQuarters is Syracuse recipient of $200K KeyBank bicentennial grant
SYRACUSE, N.Y. — Syracuse–based Home HeadQuarters, Inc. will use a $200,000 philanthropic grant from the KeyBank Foundation to support its Affordable Capital Capacity Building project. The funding is meant to “celebrate 200 years of KeyBank’s service to communities across the nation,” per the bank’s announcement. The KeyBank Foundation is donating $200,000 to community-development efforts in
Community Financial System boosts quarterly dividend in Q3
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has increased its quarterly cash dividend by 1 cent, or 2.2 percent, to 47 cents per share for the third quarter. The dividend will be payable on Oct. 10, to shareholders of record as
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