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

State directs banks to provide mortgage-payment relief to borrowers
Not long after the governor’s morning announcement, Norwich–based NBT Bank (NASDAQ: NBTB) announced its plans to institute coronavirus-related policies. NBT Bank announced it has temporarily

Coronavirus update: BHG tells most employees to work remotely until further notice
SYRACUSE, N.Y. — Bankers Healthcare Group (BHG) is having most of its employees work from home “until further notice.” BHG — which is headquartered in

Excellus awards North Country hospitals funding for improvements
Excellus BlueCross BlueShield announced it has awarded three North Country hospitals and five in the Utica–Rome area a total of $1 million in quality improvement incentive payments in 2019. They’re among 36 upstate New York hospitals and health centers that were awarded nearly $30 million in the nonprofit health insurer’s hospital-performance incentive program. Eight hospitals

Excellus’ net income rose 14 percent in 2019 to $171 million
ROCHESTER, N.Y. — Excellus BlueCross BlueShield, Central New York’s largest health insurer, reported net income of nearly $171 million, on $6 billion in premium revenue,

NYBDC, affiliates rebrand as Pursuit
ALBANY, N.Y. — New York Business Development Corporation (NYBDC), along with affiliates Excelsior Growth Fund and the 504 Company, say they’ve rebranded as Pursuit. As

M&T Bank donates $100,000 to OCC’s applied learning program
ONONDAGA, N.Y. — M&T Bank (NYSE: MTB) has donated $100,000 over five years to support the applied learning program of Onondaga Community College’s (OCC) career

Excellus awards CNY hospitals $6 million for quality improvements in 2019
Excellus BlueCross BlueShield announced that it awarded six Central New York hospitals a total of $6.1 million in quality improvement incentive payments. They’re among 36

Nascentia Health eliminates 71 jobs after state Medicaid cuts
SYRACUSE, N.Y. — Nascentia Health has cut 71 jobs after state reductions in Medicaid spending that will cost the organization $400 million in revenue this

NBT subsidiary acquires Illinois firm
ROCHESTER, N.Y. — EPIC Retirement Plan Services (EPIC RPS), a subsidiary of NBT Bancorp Inc. (NBT), announced it has agreed to acquire the assets of

Tompkins Financial launches news stock buyback program
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced Friday that its board of directors has authorized a new stock repurchase program of up to
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.