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NBT Bank accepting applications for its management-development program
NORWICH, N.Y. — NBT Bank is currently accepting applications for its management-development program. The program prepares participants to assume mid-level professional roles with the bank
Tompkins Financial to pay Q1 dividend of 54 cents on Feb. 16
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 54 cents a share for the first quarter. The dividend is payable on Feb. 16, to common shareholders of record as of Feb. 9. The dividend is the same amount the
NBT Bank profit rises 15 percent in fourth quarter
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) recently reported that its net income rose more than 15 percent to $34.2 million, or 78 cents a share, in the fourth quarter from just under $29 million, or 66 cents, in the year-ago period. Higher net interest income and a lower provision for loan losses, partly
Tioga State Bank demolishing a Binghamton property for future development
BINGHAMTON, N.Y. — Tioga State Bank (TSB) announced that it recently began to demolish a property on the south side of Binghamton that the bank
Berkshire Bank to close Rome branch, consolidate with nearby office
ROME, N.Y. — Berkshire Bank announced it has decided to close its branch at 100 W. Dominick St. in Rome and consolidate it with its
Community Bank’s Q4 net income rises nearly 9 percent
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently reported that its net income rose nearly 9 percent to $46.5 million in the fourth quarter from $42.9 million in the year-prior period. The DeWitt–based banking company’s earnings per share (EPS) increased to 86 cents a share from 82 cents a year ago. The increase
Compliance is “most utilized” support service NYCUA offers, membership survey finds
Some members of the New York Credit Union Association (NYCUA) — the trade association for the state’s credit unions — say compliance is the “most utilized” support service that it offers. That’s according to NYCUA’s 2020 membership survey. It included feedback from 69 credit-union leaders, representing about a quarter of the association’s membership. NYCUA conducted the
Empower paid $4 million give-back dividend to members for 2020
SYRACUSE, N.Y. — Empower Federal Credit Union paid its members a total of $4 million in “giveback” bonus dividends and interest rebates for 2020. The amount each member receives represents a percentage on savings-account dividends earned and a rebate on loan interest paid throughout the year, the Syracuse–based credit union said in a release. Members
Hunter settles into new role as chief lending officer at Alternatives FCU
ITHACA, N.Y. — James Hunter is now a few months into his new role as chief lending officer at Alternatives Federal Credit Union (FCU) in Ithaca. Alternatives, which is located at 125 N. Fulton St. in downtown Ithaca, announced Hunter’s hiring in November. Before coming to Ithaca, he most recently served as executive director of
Chemung Financial adds Archibold to board
ELMIRA, N.Y. — The board of directors of Chemung Financial Corporation (NASDAQ: CHMG) elected Raimundo C. Archibold, Jr., to the board on Jan. 20. Archibold will stand for shareholder election at the annual meeting of shareholders in June, Chemung Financial said in a Jan. 25 news release. All directors of Chemung Financial also serve on
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