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Community Financial is bullish after strong 2024 performance
DeWITT — Improving interest rates, robust markets, new product offerings, and more helped boost earnings at Community Financial System, Inc. (NYSE: CBU) in 2024. The DeWitt–based company reported record revenue across its four business lines — banking, employee benefits, insurance services, and wealth management. “Reflecting on 2024, there is a lot to be pleased about […]
NBT Bank names president of CNY and Pennsylvania
SYRACUSE, N.Y. — NBT Bank has promoted David Kavney to president of Central New York and Pennsylvania, a new role he will fill in addition to his responsibilities as regional president of Central New York and the Mohawk Valley. Kavney’s expanded responsibilities include supporting NBT’s commercial banking leaders and teams in Central New York, the
ACCESS FCU names assistant VP of risk management
CLINTON — ACCESS Federal Credit Union (FCU), which serves eight counties in Central New York and Upstate, on Jan. 9 announced the promotion of Alyssa Lawrence to assistant VP of risk management. Lawrence has worked for ACCESS for more than six years. Thomas Owens, president and CEO of ACCESS FCU, announced the promotion. In
NBT reports 18 percent profit growth in Q4 and 2024
NORWICH — NBT Bancorp, Inc. (NASDAQ: NBTB), the parent company of NBT Bank, N.A., reported strong profit growth for both the fourth quarter of 2024 as well as the full year 2024, following the integration of acquired Salisbury Bancorp, Inc., in August 2023. NBT generated fourth-quarter net income of $36 million, or 76 cents per
CFCU Credit Union partners with Brandmint on marketing efforts
ITHACA, N.Y. — CFCU Community Credit Union recently announced a strategic partnership with Brandmint — a Rochester–based full-service marketing agency, which has an Ithaca office
The Summit unveils its EarlyPay service
ROCHESTER — The Summit Federal Credit Union (The Summit) says its newest service is called EarlyPay. It allows Summit members — who have direct deposit into a checking account — to have their paychecks available up to one day earlier than their regular payday. The credit union cites a 2022 survey by the American Payroll
AmeriCU Investments launches Guided Wealth Portfolios
ROME — AmeriCU Investments has launched Guided Wealth Portfolios (GWP), an online investing platform designed to “simplify” wealth management for those looking to start their investment journey. AmeriCU Investments GWP “combine the convenience of digital investing with the personalized support” from AmeriCU’s virtual financial advisors, providing an opportunity for individuals seeking “accessible, professional” investment options,
KeyCorp to pay 1st quarter 2025 dividend in mid-March
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the first quarter of this year. The dividend is payable on March 14, to
Bank’s business leaders survey shows positive outlook for 25
SYRACUSE — Business leaders — including those in Central New York — are feeling a lot more optimistic heading in 2025 than they have in years, according to JPMorganChase’s 2025 Business Leaders Outlook survey. More than half of New York state business leaders are feeling confident in the national economy as fears of an impending
Adirondack Bank blog offers tips on outsmarting phishing scams
UTICA, N.Y. — In its Jan. 28 website blog, Adirondack Bank tackles a subject affecting many financial-services clients and consumers: phishing. Most people are familiar
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