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Syracuse CoE becomes channel partner of Wells Fargo Innovation Incubator
SYRACUSE, N.Y. — The SyracuseCoE, New York State’s Center of Excellence in Environmental and Energy Systems, is now a channel partner of the Wells Fargo Innovation Incubator (IN2). The U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) co-administers the IN2. IN2 is a $50 million technology incubator and platform funded by the Wells Fargo […]
UTICA, N.Y. — Citing a resurgence of COVID-19 in the areas it serves, Adirondack Bank plans to shift to drive-thru service only at its branches
Hochul nominates former Obama advisor as new Department of Financial Services superintendent
ALBANY, N.Y. — Gov. Kathy Hochul has nominated Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent. Formerly
NBT appoints Mahoney president of wealth management
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) announced it has appointed Ruth H. Mahoney as its executive VP and president of wealth management. Mahoney,
Five Star Bank relocates its branch in Elmira
ELMIRA, N.Y. — Five Star Bank is now operating in a new 2,400-square-foot branch in Elmira, a community it has served since 2012. That’s when it acquired the former HSBC branch at 150 Lake St. The banking company has since relocated that branch to 100 West Water St. and formally opened the new location on
Empower FCU, Horizons FCU in Binghamton to merge Oct. 1
Effective Oct. 1, the signage at the four current Horizon locations and the one Empower location in the Southern Tier will change and be known
Five Star Bank formally opens its relocated branch in Elmira
ELMIRA, N.Y. — Five Star Bank on Monday formally opened its relocated branch in Elmira, a 2,400-square-foot office at 100 West Water St. Five Star
Berkshire Bank’s parent company to pay quarterly dividend on Sept. 9
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 per common share. The dividend will be payable on Sept. 9, to shareholders of record as of the close of business on Aug. 26. At Berkshire Hills Bancorp’s current
Elmira Savings Bank’s 2nd quarter profit jumps 54 percent
ELMIRA, N.Y. — Elmira Savings Bank (NASDAQ: ESBK) recently reported that its net income soared 54 percent in the second quarter to just over $1.4 million from $909,000 in the year-ago period. This net increase resulted from a rise in net-interest income of $203,000, a decrease in noninterest expense of $181,000, and drop in the
Community Bank System acquires Boston–area insurance agency
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) has recently acquired the assets of Thomas Gregory Associates Insurance Brokers, Inc. (TGA), a specialty-lines insurance broker based in the Boston area. OneGroup, NY, Inc., a wholly owned subsidiary of Community Bank System, acquired TGA’s assets. No financial terms of the deal were disclosed. OneGroup is
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