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NBT’s Q2 earnings dip, but outlook remains positive
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) closed out the second quarter of 2023 with about a 20 percent decline in profit amid a volatile market, but banking-company executives expressed a positive outlook for the remainder of the year. NBT reported that net income fell to $30.1 million, or 70 cents a share, in […]
Nonprofits can apply for Excellus HEIA funding until Sept. 14
Regional nonprofits have until the end of the day on Sept. 14 to apply for 2023 Health Equity Innovation Award (HEIA) funding from Excellus BlueCross BlueShield. The awards help pay for health and wellness programs that address racial and ethnic health disparities in upstate New York. Nonprofits can apply for funding up to $30,000, Excellus
Bonadio’s Hammond elected secretary/treasurer of NYS Society of CPAs
SYRACUSE — Timothy J. Hammond, a principal at The Bonadio Group, in its Syracuse office, was recently elected secretary/treasurer of the New York State Society of Certified Public Accountants (NYSSCPA) board of directors for the 2023-2024 term. He began his term of office on June 1, along with the NYSSCPA’s other officers, according to a
Syracuse police nab suspect they say robbed KeyBank branch on South Warren Street
SYRACUSE, N.Y. — Syracuse police have made an arrest following the Friday morning robbery of the KeyBank (NYSE: KEY) branch at 201 S. Warren St.
People news: AmeriCU names new manager for Yorkville branch
YORKVILLE, N.Y. — Maryann Busch has joined AmeriCU Credit Union as financial center manager of its Commercial Drive office in Yorkville, the credit union announced.
KeyBank consolidates two Ithaca branches, formally opens one new office
ITHACA, N.Y. — KeyBank (NYSE: KEY) on Friday formally opened its new branch at 604 South Meadow St. in downtown Ithaca, which represents a branch
Rockbridge names chief investment officer
SYRACUSE — Rockbridge Investment Management announced it has appointed Adam C. Gagas as its chief investment officer. Gagas will also retain his role as managing director of institutional services at Rockbridge, which is an advisory firm based in Syracuse. Prior to joining Rockbridge Investment Management in 2021, Gagas held several positions in the financial sector.
Midyear business leaders outlook improves slightly
Business leaders are slightly less worried about a recession this year, according to JPMorgan Chase & Co.’s 2023 Midyear Business Leaders Outlook survey. A total of 45 percent of business leaders say the nation is already in a recession or expect a recession before the end of 2023, down from 65 percent who felt that
State’s $55.5M Small Business Revolving Loan Fund 2 offers microloans
ALBANY — New York State recently announced that its expanded $55.5 million Small Business Revolving Loan Fund 2 is available to provide shorter-term microloans and regular loans to address “inequitable” capital access “by bridging the financing gaps facing new companies, under-banked communities, and small businesses.” It’s part of New York’s broader Small Business Credit Initiative
Banker offers small firms’ tips on navigating current economy
Despite the doom and gloom in the headlines, the overall small-business outlook is still fairly positive, says Lindsay Weichert, senior VP and commercial-banking group manager at Community Bank, N.A., a DeWitt–based commercial bank serving customers in upstate New York, northeastern Pennsylvania, Vermont, and Massachusetts. While the Federal Reserve is still working to cool down the
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