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

Community Bank System to pay Q4 dividend of 42 cents in January
DeWITT— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 42 cents per share on its common stock. The dividend will be payable on Jan. 11 to shareholders of record as of Dec. 14. The dividend is the same amount that Community Bank paid last quarter, after it […]

Chemung Financial to pay quarterly dividend of 26 cents in early January
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 26 cents a share for the fourth quarter. The dividend is payable on Jan. 4, to common stock shareholders of record as of the close of business on Dec. 21 At the banking company’s

Five Star Bank parent announces stock-buyback program
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a stock-repurchase program for up to nearly 802,000 shares of its common stock, or about 5 percent of the company’s outstanding common shares. The buyback program permits shares to be repurchased in open-market

Community Bank shifts to drive-thru service only with lobby service by appointment only
DeWITT, N.Y. — Citing concerns over the “evolving situation” with COVID-19, DeWitt–based Community Bank N.A. announced it has decided to close all branch lobbies and

Greater Binghamton Chamber to host job fair Dec. 4
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce will host an in-person, indoor job fair on Dec. 4 from 11:00 a.m. to 3:00 p.m.

Pathfinder Bancorp posts 15 percent profit increase in Q3
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, announced that its net income rose about 15 percent to $1.5 million in the third quarter from $1.3 million in the year-ago quarter. The Oswego–based banking company generated earnings per share of 25 cents in the third quarter, up nearly 14 percent

Tompkins Financial to pay Q4 dividend of 54 cents on Nov. 13
ITHACA — 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 fourth quarter. The dividend is payable on Nov. 13, to common shareholders of record on Nov. 3. The dividend represents a 3.8 percent increase over the

Adirondack Bank adjusting services, citing increase in local virus cases
Branch lobbies will be closed to walk-in customers; however, lobby services will be available by appointment only at designated locations for special account needs (such

New York Bankers Association taps COO to become group’s first female CEO
The New York Bankers Association (NYBA) on Tuesday announced that COO Clare Cusack will become the first woman to serve as president and CEO of

Visions expects early 2021 opening for new Ithaca branch
ITHACA — Construction is moving along on the upcoming Ithaca branch of Visions Federal Credit Union. The new office — located at 410 Elmira Road, near Home Depot and Kohl’s — is expected to open in early 2021. Pittsburgh, Pennsylvania–based PWCampbell designed and is building the new location, and Paolangeli Contractors, Inc. of Ithaca handled
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.