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Pathfinder Bank profit, revenue jump in 3rd quarter
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported that its net income soared 128 percent to $3.4 million, or 56 cents a share, in the third quarter from $1.5 million, or 25 cents, in the year-ago quarter. The Oswego–based banking company generated total revenue (net interest income […]
KeyCorp’s Q3 profit jumps 55 percent, beats analysts’ expectations
KeyCorp (NYSE: KEY) recently reported that its net income in the third quarter increased 55 percent to $616 million, or 65 cents per share, from $397 million, or 41 cents, in the year-ago period, driven by strong revenue growth, especially fee-based income. KeyCorp — based in Cleveland, Ohio — is parent of KeyBank, which ranks
NBT Bancorp boosts quarterly dividend by nearly 4 percent
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 fourth quarter. The payment is unchanged from the last quarter but up by 3.7 percent from 27 cents a share in the fourth quarter of 2020. The Norwich–based
Tompkins Financial boosts dividend by more than 5 percent
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 57 cents a share for the fourth quarter. The dividend is payable on Nov. 15, to common shareholders of record on Nov. 2. The dividend represents a 5.6-percent increase over the
Project partners mark completion of $22M Winston Gaskin Homes project
SYRACUSE, N.Y. — State and local officials on Oct. 25 joined Housing Visions to cut the ribbon on the home at 1540 E. Genesee St. in Syracuse, which is part of a multi-home renovation project called the Winston Gaskin Homes. It’s a $22 million development that renovated 20 buildings on both the east and north
NBT Bank names Ondesko corporate treasurer
NORWICH, N.Y. — NBT Bank announced it has appointed Joseph Ondesko as its corporate treasurer. Ondesko was promoted from senior VP and assistant treasurer, a
ALBANY, N.Y. — A new state law will allow credit unions to participate in the Excelsior linked-deposit program. Gov. Kathy Hochul signed the bill on
New York manufacturing index slips 15 points in October
Still indicates solid sector growth The Empire State Manufacturing Survey general business-conditions index fell 15 points to 19.8 in October, “pointing to a slower pace of growth than last month.” The index — the monthly gauge of New York’s manufacturing sector — missed economists’ expectation of a reading of 25, according to a survey
SECNY, Jordan-Elbridge School District open student-run branch at high school
ELBRIDGE, N.Y. — SECNY Federal Credit Union and the Jordan-Elbridge Central School District on Oct. 19 formally opened a student-run credit-union branch at the high school. The Eagle branch, as SECNY is calling it, will be open on Tuesdays and Thursdays during lunch periods when school is in session at the high school, located at
SEFCU to expand through a merger in 2022
ALBANY, N.Y. — The planned merger of Albany–based SEFCU, which operates branches in Central New York, and CAP COM is still on track for completion in 2022. That’s according to Ken Jubie, VP of communications and public relations at SEFCU. Both SEFCU and CAP COM, another federal credit union headquartered in New York’s Capital Region,
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