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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
New Lansing branch of Cayuga Lake National Bank opens
LANSING, N.Y. — Cayuga Lake National Bank’s (CLNB) third branch is now servicing customers in Lansing in Tompkins County. CLNB worked with D Squared Inc., an Ithaca–based construction company, and architect George W. Breuhaus, on this newly constructed bank branch, CLNB tells CNYBJ. The bank didn’t disclose the project cost. Located at 3077 N. Triphammer
Pathfinder Bancorp 2nd quarter profit jumps 63 percent
“During the second quarter of 2021, Pathfinder achieved strong increases in earning asset balances, corresponding revenue growth and improved operating margins that collectively contributed to record quarterly results and our exceptional financial performance for the first half of the year,” Thomas W. Schneider, president and CEO, said in Pathfinder’s earnings report issued on Aug. 2.
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 the increase of its quarterly cash dividend to 28 cents per share for the third quarter. That’s up by 3.7 percent from 27 cents a share in the prior quarter. The Norwich–based banking company will pay the dividend
Tompkins Financial to pay dividend of 54 cents on Aug. 13
Banking company’s profit increased 6.5 percent in latest quarter ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of 54 cents per share. The Ithaca–based banking company will make the dividend payment on Aug. 13, to common shareholders of record as
Cayuga Lake National Bank opens new Lansing branch
LANSING, N.Y. — The Lansing branch of Cayuga Lake National Bank (CLNB) in Tompkins County formally opened on July 26. Located at 3077 N Triphammer
SEFCU plans to merge with another Capital Region credit union
ALBANY, N.Y. — Albany–based SEFCU, which operates branches in Central New York, says it plans to merge its operations with CAP COM, another federal credit
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