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Five Star Bank parent company increases quarterly dividend by more than 7 percent
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced it is boosting its quarterly dividend by 7.4 percent. The banking company will pay a quarterly cash dividend of 29 cents per common share outstanding for the first quarter of this year, up from the 27 cents a share it […]
AmeriCU announces promotions and new hires
Alissa Sykes Tulloch was promoted to executive VP and chief operating officer to lead the credit union’s growth initiatives. Tulloch joined AmeriCU in 2020 as
Visions adds Planning with Purpose as investment partner
JOHNSON CITY, N.Y. — Visions Investment Services, the wealth-management division of Visions Federal Credit Union, has added the firm Planning with Purpose to its slate
Gainey hired to manage Pathfinder Bank’s newest branch
SYRACUSE, N.Y. — Pathfinder Bank has hired Shynique Gainey as assistant VP, branch manager for the bank’s new, upcoming Syracuse office, to be located at
Community Bank System to pay dividend of 43 cents per share in April
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 43 cents a share on its common stock. The dividend will be payable on April 11 to shareholders of record as of March 15. The quarterly payment represents an annualized yield of about 2.35 percent, based
Oswego Health honors Pathfinder Bank with Community Partner Award
OSWEGO, N.Y. — Oswego Health recently recognized Pathfinder Bank with its Community Partner Award. The Community Partner Award is designed to honor a corporation or a foundation that “demonstrates outstanding commitment through financial support and through encouragement and motivation of others to take a leadership role toward philanthropy and community involvement,” according to an Oswego
New York manufacturing index turns slightly positive again in February
The Empire State Manufacturing Survey general business-conditions index moved back into positive territory in February to 3.1. The index — the monthly gauge on New York’s manufacturing sector — had plummeted in January to -0.7, ending 18 months of positive readings including the 31.9 index number in December. The February reading — based on firms
NBT Bancorp to pay quarterly dividend of 28 cents a share in first quarter
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a cash dividend of 28 cents per share for the first quarter of this year. The payment is unchanged from each of the last two quarters but up by 3.7 percent from the 27 cents a share that
Pathfinder Bancorp profit doubles in fourth quarter
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3.9 million, or 64 cents a share, in the fourth quarter, up from $1.9 million, or 33 cents, in the year-ago quarter. The banking company’s fourth quarter total revenue (net interest income plus total noninterest income) of
Plan post-COVID financial-planning, business goals
As COVID-19 case numbers drop and other news begins to take the top spot in the headlines, it’s a good time for individuals and business owners to take a moment to reassess their investment management, financial planning, and business goals as we begin to transition toward a post-pandemic world. “I think we’ve all just been concerned with
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