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Moody’s, S&P affirm “stable outlook” for Onondaga County bond ratings
SYRACUSE, N.Y. — Moody’s Investors Service has affirmed Onondaga County’s bond rating of “Aa2” with a stable outlook, and S&P Global Ratings also affirmed its
Smith Brothers Insurance acquires Massachusetts firm
Smith Brothers Insurance, which has New York offices in Vestal, Owego, Waverly, and Rensselaer, says it has acquired an independent insurance agency located in Worcester,
M&T Bank announces commercial bank hires, promotions
Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires. Tim Gallagher has been named head of commercial real estate (CRE).
Cerminaro named CEO of Community Bank Wealth Management
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Michael T. Cerminaro has been appointed president and CEO of the Community Bank Wealth Management division of its Community Bank, N.A. banking subsidiary. Cerminaro joins the bank with more than 30 years of experience, having most recently served as market head for the
Brown & Brown, Inc. (NYSE: BRO), the Florida–based insurance-brokerage parent of Syracuse–based Brown & Brown Empire State, recently announced it has appointed Barry Hensley as chief security officer (CSO) and Rob Burch as chief information security officer (CISO). “With the addition of a CSO role and the talents of Barry and Rob, Brown & Brown
Community Bank System CEO, Tryniski, to retire at year’s end
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) President/CEO Mark E. Tryniski will retire at the end of this year, and Dimitar A. Karaivanov,
Five Star Bank parent company to pay Q2 dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 30 cents per common share outstanding. The banking company will pay the second-quarter dividend on July 3, to shareholders of record on June 15. At the banking
Lockheed Martin to pay Q3 dividend of $3 a share in late September
The Lockheed Martin Corp. (NYSE: LMT) board of directors has authorized a third-quarter, 2023 dividend of $3 per share. The dividend is payable on Sept. 22, to holders of record as of the close of business on Sept. 1. At Lockheed’s current stock price, the dividend yields about 2.6 percent on an annual basis. Lockheed
Excellus names new CNY Regional Advisory Board members
SYRACUSE, N.Y. — Excellus BlueCross BlueShield, Central New York’s largest health insurer, recently announced it has named Michael C. Backus, Derrick L. Murry, and Dr. Robert Weisenthal to its Central New York Regional Advisory Board. Backus is president and CEO of Oswego Health. He advocates for health care in the region as he works with
Oneida County maintains strong financial ratings
UTICA, N.Y. — Oneida County received high ratings from all three major national credit agencies for 2023, County Executive Anthony J. Picente, Jr. announced. The
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