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Agency partners with National Development Council to participate in NY Forward loan program
DICKINSON, N.Y. — The Agency has announced a new partnership with the National Development Council (NDC) to provide assistance to Broome County businesses impacted by
Chemung Financial to pay quarterly dividend of 26 cents on July 1
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 26 cents a share. The dividend is payable on July 1 to common stock shareholders of record as of the close of business on June 17. At the banking company’s current stock price, the
People news: NBT Insurance Agency hires Benjamin as business development manager
NORWICH, N.Y. — NBT Insurance Agency announced it has hired James Benjamin as a business development manager. Benjamin will sell insurance products to consumers and
KeyBank names corporate responsibility officer for Central New York
KeyBank (NYSE: KEY) has named Amanda Goyer corporate responsibility officer for its Central New York market. Among other responsibilities, she oversees implementation of KeyBank’s $16.5
New York State launches $100 million small-business loan fund
NEW YORK, N.Y. — Gov. Andrew M. Cuomo on Friday announced a new $100 million working-capital loan program for small businesses and nonprofits that did
Community Bank acquisition of Steuben Trust expected to close on June 12
DeWITT — Community Bank System, Inc. (NYSE: CBU) recently announced that it expects to close on its acquisition of Steuben Trust Corporation on June 12, now that it has received approval from federal and state regulators for the deal that was first announced last fall. DeWitt–based Community Bank System stated on May 13 that it
Here’s how small businesses can apply to get their PPP loans forgiven
WASHINGTON, D.C. — The U.S. Small Business Administration (SBA) and the U.S. Department of the Treasury on Friday night released a Paycheck Protection Program (PPP)
M&T Bank approaches nearly 2,000 PPP loans in Syracuse-Utica region
SYRACUSE, N.Y. — M&T Bank Corp., the largest bank in the 16-county Central New York region by deposits, says it has so far made 1,995
Chemung Financial profit falls 44 percent in 1st quarter
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported that its net income fell 44 percent to $2.5 million, or 51 cents a share, in the first quarter, from $4.5 million, or 92 cents, in the year-ago period. The banking company said its results were hurt by the
Businesses with PPP loans under $2 million can relax a little following new SBA guidance
The SBA said that “safe harbor” for PPP borrowers under $2 million “is appropriate because borrowers with loans below this threshold are generally less likely
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