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Insurance & Financial Services
Preferred Mutual appoints chief information officer
NEW BERLIN — Preferred Mutual Insurance Company named David Smith senior VP and chief information officer, effective Jan. 1, according to a Feb. 19 announcement. In this role, he will oversee the development and implementation of innovative technology strategies that enhance customer and agency experiences while driving business-process transformation at Preferred Mutual. Smith joined Preferred […]
Excellus net income rebounds in 2024 despite operating loss
ROCHESTER — Excellus BlueCross BlueShield says the health plan ended 2024 with a profit of $25.6 million, citing its annual report filed with the New York State Department of Financial Services on March 1. “While the health plan last year faced several challenges, stronger-than-expected investment results helped the insurer reach a small net margin of
AmeriCU Credit Union prepares to open relocated North Utica branch
UTICA, N.Y. — AmeriCU Credit Union is relocating its North Utica location from the Aspen Dental Plaza on North Genesee St. to 401 Herkimer Road
Additional Syracuse airport tenants moving to cashless operations
SYRACUSE, N.Y. — More tenants at Syracuse Hancock International Airport (SYR) are transitioning to cashless operations in the coming months. Beginning April 7, restaurants operated
Former West Carthage treasurer accused of stealing $3,000 from the village
WEST CARTHAGE, N.Y. — The former deputy clerk-treasurer of the Village of West Carthage has been arrested for stealing more than $3,000 from the Jefferson County community. Kaytlin Ennis is charged with grand larceny in the third degree, corrupting the government in the third degree, and tampering with records, New York State Comptroller Thomas DiNapoli,
Former Vernon Center Fire Department treasurer accused of stealing more than $300,000
VERNON CENTER, N.Y. — A former treasurer for the Vernon Center Fire Department has been arrested and charged with second-degree grand larceny for allegedly stealing
Dominick Falcone Agency, Falcone Associates sold to Illinois firm
SYRACUSE, N.Y. — Dominick Falcone Agency, Inc. and affiliate Falcone Associates, Inc., of Syracuse, have been acquired by Arthur J. Gallagher & Co. (NYSE: AJG), a global insurance brokerage, risk management and consulting services firm headquartered near Chicago, Illinois, Gallagher announced this week. Financial terms of the transaction were not disclosed in Gallagher’s Feb. 3
Tompkins Financial to pay Q1 dividend on Feb. 21
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of
Launch NY to use $5 million in ESD funding to help Upstate startups
BUFFALO, N.Y. — Buffalo–based Launch NY has secured $5 million in funding from Empire State Development (ESD) through its NY Ventures Community and Regional Partner
NBT Bank names president of CNY and Pennsylvania
SYRACUSE, N.Y. — NBT Bank has promoted David Kavney to president of Central New York and Pennsylvania, a new role he will fill in addition to his responsibilities as regional president of Central New York and the Mohawk Valley. Kavney’s expanded responsibilities include supporting NBT’s commercial banking leaders and teams in Central New York, the
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