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Community Bank’s wealth-management revenue rises in Q4
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) reported wealth-management revenue of $8.5 million in the fourth quarter of 2021, up 13.4 percent from $7.5 million in the year-ago quarter, and up 2.4 percent from $8.3 million in the third quarter of 2021. The rise in wealth-management revenue was primarily driven by increases in investment […]
Petranchuk joins Key Private Bank as portfolio strategist
SYRACUSE, N.Y. — Eric Petranchuk has recently joined Key Private Bank as a portfolio strategist in its Syracuse office, the bank announced. In this role, Petranchuk evaluates client goals and objectives and constructs investment portfolios to execute team and client strategy, Key Private Bank noted. He has more than 20 years of experience in financial
Investors overexposed to risk as market experiences correction
Investors have taken on too much portfolio risk in a rate environment that has distorted stock values and decreased bond yields at a time when market volatility is expected to continue, according to a recent study by Natixis Investment Managers. Market forces that drove stocks to record highs in 2021 are now calling for changes with
Berkshire Bank’s parent company to pay quarterly dividend on Feb. 24
Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently announced that its board of directors has approved a quarterly cash dividend of 12 cents a common share. The dividend will be payable on Feb. 24, to shareholders of record as of the close of business on Feb. 10. At Berkshire Hills Bancorp’s current
Hoeller joins NBT Bancorp and NBT Bank boards of directors
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) said that Heidi M. Hoeller has recently joined the boards of directors of NBT Bancorp and its community bank subsidiary, NBT Bank, N.A. Hoeller is a retired partner of PricewaterhouseCoopers LLP (PwC), with more than 25 years of experience as a leader in audit and financial services.
People news: Hedge joins Tompkins Financial Advisors
ITHACA, N.Y. — Tompkins Financial Advisors announced it has hired Ithaca native Matthew Hedge as assistant VP and wealth advisor. In this role, Hedge is
Ulrich joins NBT agricultural banking team
April Ulrich has joined NBT Bank’s agricultural banking team as VP and senior ag banking relationship manager at the bank’s Capital Regional Financial Center on
Community Bank appoints Durkee as New England president
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced it has appointed Matthew K. Durkee as senior VP and New England president of Community Bank, N.A. He will be based at Community Bank’s New England headquarters, located in Williston, Vermont. The banking company’s overall headquarters is in DeWitt. Prior to joining Community Bank,
Cooperative Federal buys Erie Boulevard building for branch, headquarters
SYRACUSE, N.Y. — Syracuse Cooperative Federal Credit Union (Cooperative Federal) has purchased the building at 1816 Erie Boulevard East in Syracuse, which will become the credit union’s headquarters and largest branch. Once the Erie Boulevard office opens, it will replace the credit union’s branch at 723 Westcott St., which is about one mile from the
NBT names Truesdale commercial process management leader
VESTAL, N.Y. — NBT Bank recently announced the promotion of Kellyanne Truesdale to commercial process management leader. Truesdale will work to drive improvements in both employee and customer experience while also serving as compliance coordinator for the banking company’s commercial division. She joined NBT Bank in 2007 and most recently served as commercial relationship manager.
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