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Community Bank purchase of ESB to give it Southern Tier boost
DeWITT, N.Y. — Community Bank System, Inc.’s (NYSE: CBU) recently announced $83 million agreement to acquire Elmira Savings Bank (ESB) will strengthen and deepen its reach in the Southern Tier, particularly the Corning-Elmira-Ithaca corridor. DeWitt–based Community Bank System announced Oct. 4 that it would acquire ESB (NASDAQ: ESBK), which has total assets of nearly $649 […]
People news: NBT Bank names LaRusch director of workforce management
JOHNSON CITY, N.Y. — NBT Bank announced it has appointed Richard LaRusch director of workforce management. LaRusch joined NBT Bank in 2012 as human-resources generalist.
Crews finish transforming school into $22 million Endicott Square housing development
ENDICOTT, N.Y. — Workers have completed a $22 million renovation of the “underutilized” Henry B. Endicott School building into 61 affordable apartments in the village
Community Bank System to acquire Elmira Savings Bank for nearly $83 million
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced it has agreed to acquire Elmira Savings Bank (NASDAQ: ESBK) in a cash deal worth
Oswego Health to use $100K M&T gift for Lakeview Center for Mental Health & Wellness
OSWEGO, N.Y. — Oswego Health says M&T Bank (NYSE: MTB) has donated $100,000 to support the newly opened Lakeview Center for Mental Health and Wellness. It represents “one of the largest corporate donations” to the Campaign for Oswego Health and brings the nonprofit “one step closer to its fundraising goal.” The new 42,000-square-foot facility provides
New York manufacturing index rebounds in September
Easily beats economists’ predictions The Empire State Manufacturing Survey general business-conditions index jumped 16 points to 34.3 in September, a rebound from the prior month’s big decline. It was double the expected September reading of 17.2, according to a survey of economists by the Wall Street Journal. The general business-conditions index — the
Firm to redevelop former M&T Bank building on S. Salina St.
SYRACUSE — A Washington, D.C.–based development firm plans to convert the building at 101 South Salina St. to a residential facility and will build about 120 apartments. M&T Bank, which owned and operated a branch inside the building, sold the structure to Douglas Development for $7,155,000 and the transaction closed earlier this year. The bank
People news: Berkshire Bank parent company names executive VP, head of retail banking
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — the parent company of Berkshire Bank, which has a major presence in the Mohawk Valley — announced it
Community Bank System’s new CHRO to begin post on Oct. 1
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief human-resources officer (CHRO). Gillan-Myer has more than 29 years of leadership and oversight experience in all aspects of human resources and is currently serving as HSBC USA’s CHRO. She
Community Bank System to pay increased dividend on Oct. 8
DeWITT — Community Bank System, Inc. (NYSE: CBU) will pay shareholders a quarterly cash dividend of 43 cents a share on its common stock on Oct. 8. The dividend, which is payable to shareholders of record as of Sept. 15, represents an increase of 1 cent, or 2.4 percent, over last quarter’s payment. This increase marks
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