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New York manufacturing index climbs back into positive territory in February
The Empire State Manufacturing Survey general business conditions index rose 18 points to 5.7 in February, pointing to growth in the sector. It was a
Union Economic Development Office launches loan-to-grant program for businesses
UNION, N.Y. — The Town of Union Economic Development Office (EDO) announced it is offering the Union Square Deal Loan-to-Grant Program (L2G) to existing businesses
Tompkins Financial to pay Q1 dividend on Feb. 21
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of
NBT Bancorp boosts quarterly dividend by more than 6 percent
NORWICH — The board of directors of NBT Bancorp, Inc. (NASDAQ: NBTB), parent of NBT Bank, N.A., recently approved a first-quarter cash dividend of 34 cents per share. The new payment is an increase of 2 cents a share, or 6.3 percent, over the dividend of 32 cents that the banking and financial services company
Community Financial is bullish after strong 2024 performance
DeWITT — Improving interest rates, robust markets, new product offerings, and more helped boost earnings at Community Financial System, Inc. (NYSE: CBU) in 2024. The DeWitt–based company reported record revenue across its four business lines — banking, employee benefits, insurance services, and wealth management. “Reflecting on 2024, there is a lot to be pleased about
NBT Bank names president of CNY and Pennsylvania
SYRACUSE, N.Y. — NBT Bank has promoted David Kavney to president of Central New York and Pennsylvania, a new role he will fill in addition to his responsibilities as regional president of Central New York and the Mohawk Valley. Kavney’s expanded responsibilities include supporting NBT’s commercial banking leaders and teams in Central New York, the
ACCESS FCU names assistant VP of risk management
CLINTON — ACCESS Federal Credit Union (FCU), which serves eight counties in Central New York and Upstate, on Jan. 9 announced the promotion of Alyssa Lawrence to assistant VP of risk management. Lawrence has worked for ACCESS for more than six years. Thomas Owens, president and CEO of ACCESS FCU, announced the promotion. In
NBT reports 18 percent profit growth in Q4 and 2024
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB), the parent company of NBT Bank, N.A., reported strong profit growth for both the fourth quarter of 2024 as well as the full year 2024, following the integration of acquired Salisbury Bancorp, Inc., in August 2023. NBT generated fourth-quarter net income of $36 million, or 76 cents per
CFCU Credit Union partners with Brandmint on marketing efforts
ITHACA, N.Y. — CFCU Community Credit Union recently announced a strategic partnership with Brandmint — a Rochester–based full-service marketing agency, which has an Ithaca office
The Summit unveils its EarlyPay service
ROCHESTER — The Summit Federal Credit Union (The Summit) says its newest service is called EarlyPay. It allows Summit members — who have direct deposit into a checking account — to have their paychecks available up to one day earlier than their regular payday. The credit union cites a 2022 survey by the American Payroll
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