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After rebranding, firm now known as Bowers CPAs & Advisors
SYRACUSE, N.Y. — A longtime Syracuse–based accounting firm has rebranded and is now operating as Bowers CPAs & Advisors. It had been known as Bowers & Company CPAs, PLLC. The firm says the new Bowers brand “highlights the value of partnership, and how the team at Bowers prioritizes it to provide creative solutions and powerful […]
Community Bank System to pay Q2 dividend of 44 cents per share in July
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — announced that it has declared a cash dividend of 44 cents a share on its common stock for the second quarter. The dividend will be payable on July 10, to shareholders of record as of June 15. The
Firms miss out on incentives for offering retirement plans
Many employers — particularly small-business owners — may not be taking advantage of some new incentives connected with setting their employees up for retirement success, according to one area wealth-management expert. Two laws covering retirement planning bookended the COVID-19 pandemic, with the SECURE Act passing in late 2019 and the SECURE Act 2.0 becoming law
BPAS reaches $125M in revenue as it commemorates 50th year
UTICA, N.Y. — As it celebrates a half century of doing business, Benefit Plans Administrative Services (BPAS) has grown into a $125 million revenue company, with much of that growth occurring in the last two decades. The national provider of retirement plans, benefit plans, fund administration, and institutional trust services marked its 50th anniversary in
Summit FCU receives NCUA’s ‘well capitalized’ rating
The National Credit Union Administration (NCUA) has the Summit Federal Credit Union (FCU) rated as “well capitalized,” representing NCUA’s highest rating category for credit union net worth. Kofi Appiah Okyere, treasurer of the Summit FCU board of directors, shared the information during the organization’s May 10 annual meeting. He was discussing the credit union’s financial
Visions FCU assets grow more than $2B under decade-long leadership of CEO Muse
ENDWELL, N.Y. — The assets of Endwell–based Visions Federal Credit Union have grown by more than $2.3 billion in the 10 years in which Ty Muse has served as its president and CEO. Visions now employs more than 900 employees, who serve more than 250,000 members through its bilingual contact center, digital banking, hundreds of
EBRI survey finds decline in Americans’ retirement confidence
“The confidence both workers and retirees have in their ability to finance their retirements dropped significantly in 2023. The last time a decline in confidence of this magnitude occurred was in 2008 during the global financial crisis,” Craig Copeland, director of wealth benefits research at EBRI, said. “This shows that the current economic climate, in
VIEWPOINT: Communities benefit when access to financial health is inclusive
For business leaders who have achieved success professionally and personally, the things that come easily to you may seem insurmountable for some of your employees. Whether it’s gaining experience or building credit, getting a first foot on the ladder of success can feel out of reach for many. The Federal Reserve Bank (FRB) tracks household
Ask Rusty: I’m Concerned About Social Security Solvency
Dear Rusty: I retired at age 58. My husband and I worked 40 years of employment each. I had a 401(k) only — no other benefits. We saved, we invested through our financial advisor, and have done okay watching our investments grow (except for the last three years). Neither my husband nor I have taken
CFCU names new chief production officer
ITHACA, N.Y. — CFCU Community Credit Union recently announced that it has appointed William Crane as its new chief production officer. In this role on the credit union’s executive-leadership team, Crane is responsible for the development, implementation, and oversight of a formal business-development plan for the growth and expansion of the credit union. Crane
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