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

Chemung Financial pays dividend of 26 cents a share for last quarter
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 26 cents per share. The dividend was payable on Jan. 2, to common stock shareholders of record as of the close of business on Dec. 23. At the banking company’s current stock price, the […]

Burruano named general counsel of Five Star Bank parent
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, announced that it has named Samuel J. Burruano, Jr. general counsel.

State Police looking for suspect in grand larceny at Syracuse–area stores
LAFAYETTE, N.Y. — State Police in LaFayette say they are investigating a grand larceny that happened on Friday, Dec. 13. State Police say the person
Five Star Bank parent to pay quarterly dividend of 25 cents a share in early January
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, will pay a quarterly cash dividend of 25 cents a share per common share outstanding for the latest quarter. The banking company said it will pay the dividend on Jan. 2, to shareholders of record on Dec. 13. Five Star Bank, based

State announces banking development district in Lewis County
New York’s banking development district program has made a designation in Lewis County. With this designation, Carthage Savings and Loan Association will provide residents of

Chemung Canal Trust chief risk officer set to retire in January
ELMIRA, N.Y. — Chemung Canal Trust Company announced that Karen R. Makowski, executive VP and chief risk officer, will be retiring on Jan. 2. Makowski
KeyCorp to pay quarterly dividend in mid-December
KeyCorp (NYSE: KEY) announced it has declared a quarterly cash dividend of 18.5 cents a share of its common stock for the fourth quarter. The Cleveland, Ohio–based banking company — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — will pay the dividend on Dec.

AmeriCU Credit Union president and CEO to retire in 2020
ROME, N.Y. — Mark Pfisterer, president and CEO of AmeriCU Credit Union, announced he plans to retire in 2020. His retirement date will be finalized

People news: Community Bank promotes Penny to senior marketing manager
DeWITT, N.Y. — Community Bank N.A. announced it has promoted Dara Penny to senior marketing manager. Penny has nearly 10 years of experience in marketing.

Launch NY to use additional funding from CDFI Fund
Community Development Financial Institutions (CDFI) Fund announced it has again awarded Launch New York (Launch NY) $225,000 in funding. CDFI is part of the U.S.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.