Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

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 […]

Elmira Savings Bank pays dividend of 15 cents a share
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) paid its shareholders a quarterly cash dividend of 15 cents per share on its common stock on Sept. 10. The dividend, which was payable to shareholders of record on Sept. 2, yields about 4.5 percent on an annual basis, at the banking company’s current stock price. Elmira Savings

Community Bank System names Gillan-Myer chief human-resources officer
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief

M&T Bank Corp. to pay quarterly dividend of $1.10 per share in late September
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock. The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main

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
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.