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Chemung Financial reports Q2 net income rises 16 percent
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) on July 20 reported net income of $5.8 million, or $1.20 per share, in the second quarter, up 16 percent from $5 million, or $1.02, in the year-ago period. Chemung Financial is the parent company of Chemung Canal Trust Company. “Our results in the second quarter reflected […]
NYCUA announces new board members, officers
— CEO and manager of Peru Federal Credit Union in Peru in Clinton County — was elected to a three-year term by NYCUA’s membership. Pope was elected in the asset tier of credit unions with up to $25 million in assets. Pope is one of two new directors appointed to the NYCUA board. Eric Hepkins,
KeyCorp net income declines in second quarter amid pandemic
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — reported that its net income from continuing operations fell to $159 million, or 16 cents a share, in the second quarter from $403 million, or 40 cents per share, in the year-ago quarter. Key’s earnings
Chemung Canal Trust Company announces more lobby and branch office reopenings
ELMIRA, N.Y. — Chemung Canal Trust Company announced that, effective Monday, 10 more branch offices are open for traditional lobby and drive-up banking services. Chemung
Anderson joins Tompkins Trust Company board of directors
ITHACA — Tompkins Trust Company announced it has added Johanna Anderson, Ithaca Neighborhood Housing Services executive director, to its board of directors. Anderson brings more than 15 years of experience in expanding access to affordable housing, building livable communities, and leading economic-development efforts to reach diverse populations throughout the nation, per a Tompkins Trust news
New York manufacturing index rebounds after two months of record lows
The Empire State Manufacturing Survey general business-conditions index climbed almost back to even in June after posting record lows in the prior two months. The
Owner of Buffalo accounting firm named NYSSCPA president
Edward L. Arcara, CPA, owner of Edward L. Arcara, CPA PC, which has three offices in Western New York, began his one-year term as board president of the New York State Society of CPAs (NYSSCPA) on June 1, the Society announced. He is the 101st president of the NYSSCPA, which was founded in 1897, and
Tompkins Financial names tax, accounting expert to board of directors
ITHACA — Tompkins Financial Corp. announced it has recently added Ita M. Rahilly to its board of directors. She will continue as a director of Tompkins Financial’s affiliate, Tompkins Mahopac Bank, where she has served since 2018. Rahilly has served as a tax partner with the firm of RBT CPAs, LLP in Newburgh since January
President Trump signs PPP loan flexibility bill into law
Small-business owners now have some more flexibility and time in the federal government’s emergency forgivable loan program designed to help them during the coronavirus pandemic
Geddes Federal makes $1 million investment in Home HeadQuarters fund
SYRACUSE — Home HeadQuarters, Inc. on June 1 announced that Geddes Federal Savings & Loan recently made the inaugural investment of $1 million into the organization’s Enterprise fund. Home HeadQuarters is a Syracuse–based nonprofit neighborhood and community-development organization that provides home ownership and home-improvement opportunities for Central New York families. The organization created the fund
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