Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

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

VIEWPOINT: Community Banks, Credit Unions Need to Market Local, Build Trust
Community banks and credit unions hold a unique position in the financial-services marketplace. As vital members of their local communities, these organizations serve an essential role in fostering economic growth, giving them an inside track in building and maintaining trust with their customers and members. However, the financial landscape is rapidly evolving. With changing demographics

M&T Bank buys naming rights for Mohawk Harbor Event Center in Schenectady
SCHENECTADY — M&T Bank Corp. (NYSE: MTB) recently announced it has secured the exclusive naming rights to the new state-of the-art events venue that Galesi Group is building in the heart of Mohawk Harbor in Schenectady. Situated along the waterfront of the revitalized Mohawk Harbor in Schenectady, the M&T Bank Center will become a regional

Community Bank announces acquisition of 7 Pennsylvania bank branches
DeWITT, N.Y. — Community Bank, N.A., a subsidiary of Community Financial System, Inc., (NYSE: CBU) announced it will acquire seven branches of Santander Bank, N.A. in Allentown, Pennsylvania. The deal also includes certain branch-related loans and deposits, and Community Bank will purchase related wealth-management relationships. Community Bank expects to assume about $600 million in deposits
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.