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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
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
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