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Visions CEO Muse awarded honorary doctorate degree from Binghamton University
VESTAL — Binghamton University has awarded Tyrone Muse, president and CEO of Visions Federal Credit Union (FCU), an honorary doctorate degree. Muse was honored as Doctor of Humane Letters (LHD) during the university’s School of Management commencement ceremony on May 16 in Vestal, the credit union said in a June 18 announcement. During the university’s […]
The Summit FCU posted its highest asset growth last year
ROCHESTER — The chair of the board of directors for the Summit Federal Credit Union (FCU) says the organization’s 2024 asset growth was its highest since 2020, with an increase of $91 million, or 7 percent. It was part of board chair Chris Modesti’s message to a hybrid audience of board members, employees, and members
New Community Financial CFO outlines goals
DeWITT -— Community Financial System Inc.’s (NYSE: CBU) new chief financial officer brings a background in hedge funds and the Buffalo area to the banking and financial services company, which has targeted western New York as a growth-opportunity region. Marya Burgio Wlos, who was appointed to her position effective on March 31, is up for
Pathfinder to pay Q2 dividend of 10 cents in early August
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock for the second quarter of 2025. The dividend is payable on Aug. 8 to all shareholders of record as of July 18, according to a June 30
Canandaigua National Bank names Syracuse–area branch locations
CANANDAIGUA — It’s been known since last fall that Canandaigua National Bank (CNB) was coming to the Syracuse area with several new branches. Now we know where. The bank announced on July 18 that over the next year, it will open four new branches at the following locations: the Washington Station Building at 333 W.
Berkshire Bank Foundation invests nearly $400,000 in local nonprofits during Q2
Berkshire Bank Foundation says it invested nearly $400,000 in communities through grants and other giving in the second quarter of the year. Several Central New York organizations were among the 100 nonprofit organizations in New York, Massachusetts, Connecticut, Rhode Island and Vermont that the foundation invested in from April to June. Berkshire Bank Foundation is
Local group 9 Fresh buys Cazenovia College campus
CAZENOVIA, N.Y. — A group of local investors that calls itself 9 Fresh says it has purchased the former Cazenovia College campus, which shuttered on
New York manufacturing index climbs back into positive territory in July
The general-business conditions index of the Empire State Manufacturing Survey is back in positive territory for the first time since February, rising 22 points in
VIEWPOINT: Community Bank, Credit Union Strategies for Building Brand Reputation
Reputation is the cornerstone of trust in community banking, and it is essential for local banks and credit unions to maintain a positive, pristine reputation in their local communities. Here are a few ways to accomplish this critical goal: 1. Prioritize transparency and communication: Maintaining open communication with your community is vitally important, as it
United States Trustee Program closes Utica field office
UTICA, N.Y. — The United States Trustee Program closed its Utica field office on Tuesday, July 1, according to a notice from the U.S. Department of Justice posted on its website. The U.S. Trustee Program is responsible for overseeing the administration of bankruptcy cases and private trustees. The national program’s mission is to promote the
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