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Insurance & Financial Services

Syracuse–based FustCharles opens Rochester–area office

BRIGHTON, N.Y. — Syracuse–based accounting and advisory firm FustCharles is now operating a new office in the Rochester region. The decision to open the Rochester–area office — situated at 70 Linden Oaks, Suite 230 in the town of Brighton — “comes as a response to the evolving landscape in public accounting,” the firm said in […]

N.Y. workers’-compensation rate to decline in 2024

ALBANY, N.Y. — New York expects employers statewide to save more than $50 million in 2024 with a reduced annual workers’-compensation assessment rate. The rate was set Nov. 1 and goes into effect on Jan. 1, 2024, the office of Gov. Kathy Hochul said.  For 2024, the workers’-compensation assessment rate will be 9.2 percent of

Farm bill one-year extension includes farmer-payment program

The Farm Bill is now operating on a one-year extension, having been included in the continuing resolution budget deal that President Joe Biden signed Nov. 17.  That’s according to the office of U.S. Senate Majority Leader Charles Schumer (D–N.Y.), which also noted that Schumer secured the one-year extension of the Farm Bill in that legislation. 

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Chemung Financial reports Q3 profit increase of 17 percent

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, recently reported third-quarter net income of $7.6 million, or $1.61 per share, up nearly 17 percent from $6.5 million, or $1.37 a share, in the year-ago quarter. When adjusted for non-recurring items, Chemung Financial posted quarterly earnings of $1.21

Berkshire Bank’s parent company to pay Q4 dividend of 18 cents on Nov. 30

Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a large 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 Nov. 30, to shareholders of record as of

Britton joins S.E.E.D. Planning Group as a financial planner

BINGHAMTON, N.Y. — S.E.E.D. Planning Group, LLC recently announced that Sean Britton has joined the firm as a financial planner in its Binghamton office. In this role, he will serve as a hybrid planning specialist, coordinating with S.E.E.D.’s financial and tax planning teams — implementing financial plans with specialized tax-planning opportunities.   Before joining S.E.E.D., Britton

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