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Geddes Federal’s Manlius branch has a new manager
MANLIUS, N.Y. — Geddes Federal Savings and Loan Association has named a new manager for its branch in Manlius. Linda Meade is assuming the duties of branch manager. Meade is succeeding Christy Krzywda in that role, the organization tells CNYBJ in an email. Krzywda, a junior officer in the savings department, has relocated to the […]
DiNapoli audit finds up to $1.5B in improper Medicaid payments to providers
ALBANY — Medicaid managed-care organizations made as much as $1.5 billion in “improper and questionable” payments to health-care providers who did not appear to be enrolled in Medicaid, according to an audit that New York State Comptroller Thomas P. DiNapoli released on June 4. Generally, under federal and state law, providers are “supposed to be
Children’s Home of Jefferson County appoints finance director
WATERTOWN — The Children’s Home of Jefferson County (CHJC) appointed Rosemary Poindexter as its new finance director, the organization recently announced. Poindexter brings a wealth of experience and a diverse background to her new role, including serving for five years in the Army as a light-wheel vehicle mechanic and as controller of Catholic Charities of
PAR focuses on core business with sale of two subsidiaries
NEW HARTFORD, N.Y. — PAR Technology Corp. (NYSE: PAR) is making moves to focus its business on the restaurant industry, announcing it will sell both subsidiaries that comprise its government operating segment for a combined $102 million. PAR sold PAR Government Systems Corp. (PGSC) to Booz Allen Hamilton, Inc., (NYSE: BAH) in a deal that
Moody’s Ratings gives City of Syracuse A1 credit rating
SYRACUSE, N.Y. — Moody’s Ratings has given the City of Syracuse an A1 credit rating, which Syracuse Mayor Ben Walsh says “solidifies Syracuse’s progress toward fiscal sustainability.” Moody’s Ratings — which was formerly called Moody’s Investors Service and is the bond credit-rating business of Moody’s Corporation — gave the City an A1 rating and a
DiNapoli releases report on IDA activity across the state
Industrial development agencies (IDA) across the state helped spur 4,320 projects valued at $132 billion in 2022, an increase of 5 percent over 2021, according to a recent report from New York State Comptroller Thomas P. DiNapoli. However, that development can come at a cost to local communities, he warned, as those projects combined received
Survey: Workers’, retirees’ confidence hasn’t recovered from drop in 2023
Majorities remain optimistic about retirement prospects Workers’ and retirees’ confidence has not yet fully recovered from the “significant drop” measured in 2023, but majorities remain optimistic about their retirement prospects and the lifestyle they envisioned. That’s according to the 34th annual Retirement Confidence Survey (RCS), which was published on April 25. RCS
SU student-athletes, area eateries to benefit from NIL program
SYRACUSE — From now through Aug. 1, some Syracuse–area independent restaurant owners are giving patrons the chance to “round up” their bill to benefit SU student-athletes. Onondaga County Executive Ryan McMahon announced the partnership with Syracuse University (SU) Athletics on May 30. Surrounded by local restaurant owners, McMahon made the announcement outside the John A.
KeyBank rolls out KeyVAM for treasury-management clients
Uses Qolo’s technology platform KeyBank (NYSE: KEY) is now offering KeyVAM, which it describes as a virtual account-management product for treasury-management clients who have “complex” demand deposit account (DDA) structures and want to streamline their cash-flow and account structure. Cleveland, Ohio–based KeyBank is the No. 2 bank ranked by deposit market
Nottingham Trust advisor talks interest rates, inflation
Interest rates and inflation have been on the minds of almost everyone, whether you’re a business owner or a consumer at the grocery store trying to feed your family. According to one expert, there may be some relief in sight soon. The period of the past several years has truly been a unique experience, says
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