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Community Bank’s Q2 net income edges up 1 percent
Adjusted EPS beats analysts’ expectations DeWITT — Community Bank System, Inc. (NYSE: CBU) recently reported that its net income edged up 1 percent to $45 million in the second quarter from $44.6 million in the second quarter of 2018. The DeWitt–based banking company’s earnings per share (EPS) was unchanged at 86 cents. But its adjusted net […]
Tompkins Financial to pay dividend of 50 cents a share on Aug. 15
ITHACA — Tompkins Financial Corp. (NYSE: TMP) will pay a regular quarterly cash dividend of 50 cents a share on Aug. 15. It is payable to common shareholders of record on July 30. The dividend is the same amount that Tompkins Financial paid last quarter. At the banking company’s current stock price, the payment yields
NBT Bank promotes Salati to assistant VP
ENDICOTT — NBT Bank announced that it has recently promoted Patricia Salati, its Endicott branch manager, to assistant vice president. Salati has more than 40 years of experience in the financial-services business and joined NBT Bank in 2008 as branch manager of its Binghamton Northgate office. In 2013, she transferred to NBT’s Endicott office as
KeyCorp boosts quarterly dividend by 9 percent
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — has raised its quarterly dividend by 9 percent. The Cleveland, Ohio–based banking company announced on July 17 that that its board of directors has declared a cash dividend of 18.5 cents a share
Tompkins Financial profit declines in 2nd quarter
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently reported that its net income in the second quarter fell 12 percent to $19.4 million, or $1.27 per share, from $22.1 million, or $1.43 a share, in the year-ago period as a difficult interest-rate landscape squeezed its margins. “Though overall performance remains very good, we did see
I’m an economist, so I naturally have a fascination with data, statistics, and what we can learn from them. But the reason I find economics so interesting isn’t the numbers or the charts — it’s how they shape the everyday lives of people. And that’s the reason running a Federal Reserve Bank is such a privilege.
What is a bank’s role in community financial literacy
Financial literacy is defined as possessing the financial expertise needed to make healthy financial choices. It’s a topic that is extremely important for all ages, but often can be overlooked. As a financial institution, how can a bank contribute to the financial literacy and continued learning of its customers and its community? The need is apparent,
Pathfinder names Gordon VP, information security officer
OSWEGO — Pathfinder Bank announced it has appointed Shari Gordon as VP and information security officer. In this new role, Gordon will manage the bank’s information security program and review controls and events related to data management and cybersecurity. She will also continue to identify threats and controls to support the overall risk-management strategies of
Chemung Financial profit doubles in 2nd quarter
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, reported that its net income jumped to $5 million, or $1.02 per share, in the second quarter, from $2.5 million, or 52 cents a share, in the year-ago quarter. “We are very pleased to report another quarter of strong earnings for 2019.
Visions FCU to open new branch in Ithaca
ITHACA — Visions Federal Credit Union plans to open a new branch at 410 Elmira Road in Ithaca this winter. That’s according to a news release the credit union posted on its website on July 19. The Endwell–based Visions sees the upcoming location as a “new banking option” for the Ithaca community. The organization will
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