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Community Financial System Q1 profit rises more than 21%
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently reported net income of $49.6 million, or 93 cents per share, in the first quarter, up more than 21 percent from $40.9 million, or 76 cents, in the first quarter of 2024. Increases in net interest income […]
Pathfinder Bancorp profit rises more than 40 percent in Q1
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3 million, or 41 cents a share, in the first quarter of this year, up nearly 43 percent from $2.1 million or 34 cents, in the first quarter of 2024. Pathfinder attributed the growth to improving operating
Berkshire Bank parent company to pay Q2 dividend of 18 cents a share in late May
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on May 29, to shareholders of record as of
Pathfinder Bank expands small biz, commercial-lending teams
OSWEGO, N.Y. — Pathfinder Bank recently announced it has added three experienced lenders in the commercial and small-business banking space: James Wright, Heather Mulhall, and Ryan Kohutanich. These new hires bring deep local market expertise and a proven track record of operational success, Pathfinder contends. They are driving business loan and deposit growth in Syracuse,
Solvay Bank announces plans for its 10th branch
DeWITT, N.Y. — Solvay Bank plans to open its 10th branch office in the Wegmans Plaza at 4248 James St. in the town of DeWitt. The bank held a groundbreaking ceremony on May 12 to mark the start of construction on the new 2,200-square-foot Smart*Office, per its announcement. Solvay Bank expects the branch, which it
Tompkins Community Bank names VP, employee experience manager
ITHACA, N.Y. — Tompkins Community Bank has appointed Gina Benedict as VP and employee experience manager. Benedict, who has worked in professional services and human resources for nearly three decades, will oversee Tompkins’ employee experience team, developing and implementing strategies that enhance the bank’s overall work culture, the bank announced. She previously worked as an
NBT Bancorp completes Evans Bancorp merger
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) has completed its acquisition of Evans Bancorp, Inc. The merger closed on Friday May 2 and was
AmeriCU Credit Union opens new North Utica branch
UTICA, N.Y. — AmeriCU Credit Union has formally opened its new North Utica financial center at 401 Herkimer Road, which replaces the credit union’s former branch office in the Aspen Dental Plaza on North Genesee Street. The new financial center features a more spacious layout, modern amenities, and the latest banking technology to provide greater
Visions starts 5th year as naming sponsor for Binghamton arena
BINGHAMTON, N.Y. — Visions Federal Credit Union (Visions FCU) has begun its fifth year as naming sponsor of the Visions Veterans Memorial Arena in Binghamton. With support from Visions during the past four years, the credit union says the local venue has “overcome challenges brought by the pandemic and is now bustling with increased attendance
Visions FCU hires Killeen as VP/chief risk officer
ENDWELL, N.Y. — Visions Federal Credit Union (FCU) says it has recently hired Patrick Killeen as VP/chief risk officer. Visions describes Killeen as a “seasoned” risk executive with more than 32 years of experience in risk management, internal auditing, operations, and data analytics for financial institutions, per the credit union’s April 9 announcement. As chief
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