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People news: Generations Bank promotes Maltman to VP, residential sales manager
GENEVA, N.Y. — Generations Bank announced it has promoted Bernyce Maltman to VP and residential sales manager. Maltman joined Generations in 2017 and “quickly became
Summit FCU taps COO as its next CEO
ROCHESTER, N.Y. — The Summit Federal Credit Union (FCU) announced it has chosen Laurie Baker as its next president and CEO, effective Feb. 1. Baker
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
Edward Jones office to formally open in Johnson City on Jan. 15
JOHNSON CITY — The investment firm Edward Jones will formally open its new office in Johnson City on Jan. 15. Chris Curry is the financial advisor at the new 345 Harry L. Drive office, which opened to customers in November. Heidi Higgins is the branch office administrator. Curry and his team had been operating from
New health-insurance mandates for mental health & addiction coverage take effect
Health insurers are facing new mandates for expanded insurance coverage for New Yorkers seeking treatment for mental-health conditions and addiction. In addition to new guidelines for insurers, the New York State Department of Financial Services (DFS) has issued a list of frequently asked questions to help New Yorkers understand their rights under these new requirements,
Survey finds differences between HDHP, traditional health-plan enrollees
The percentage of the population with a high-deductible health-care plan (HDHP) has continued to rise, according to a new survey report. In 2019, 15 percent of privately insured adults had a plan that was associated with either a health reimbursement arrangement (HRA) or health savings account (HSA), collectively known as consumer directed health plans (CDHP).
Most CNY unemployment rates rose in November
Regional jobs picture mixed in last year Unemployment rates in the Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions rose in November compared to a year ago. At the same time, the jobless rate in the Ithaca area remained unchanged. The figures are part of the latest New York State Department
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.
Cazenovia College to use $40K state grant for financial trading laboratory
CAZENOVIA, N.Y. — Cazenovia College will use a state grant of $40,000 to help pay for a project to develop a financial trading laboratory. The
PAR Technology completes acquisition of Restaurant Magic
NEW HARTFORD, N.Y. — ParTech Inc. on Thursday announced it has completed its acquisition of AccSys, LLC, also known as Restaurant Magic, a Tampa, Florida–based
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