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CPC provides $4.5 million loan to redevelop former school in Syracuse’s Eastwood section
SYRACUSE, N.Y. — The Community Preservation Corporation (CPC) on Wednesday announced a $4.5 million construction loan for Skinner Properties for the redevelopment of the former
Community Bank completes acquisition of Pennsylvania bank branches in Allentown
DeWITT, N.Y. — Community Bank, N.A. on Monday said the bank has completed its acquisition of seven branch locations from Santander Bank, N.A. in the
Chemung Financial reports improved earnings in Q3
ELMIRA, N.Y. — Chemung Financial Corporation (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported that its net income jumped 37 percent to $7.8 million in the third quarter from $5.7 million in the year-ago quarter as its balance sheet and margins improved. The banking company’s earnings per share increased 36 percent to
Solvay Bank hires branch manager for upcoming James Street Wegmans plaza location
DeWITT, N.Y. — Solvay Bank on Thursday said it has appointed Briana Fox as AVP, branch manager for its upcoming East Syracuse–area location at the Wegmans plaza on James Street in the town DeWitt. It will be the 10th branch for Solvay Bank, the oldest community bank established in Onondaga County, per the announcement. Fox
Beginnings Credit Union formally opens North Syracuse branch
NORTH SYRACUSE, N.Y. — The Beginnings Credit Union branch in the village of North Syracuse has transitioned to its new branding. Formerly CFCU Community Credit Union, Beginnings Credit Union on Oct. 21 held a ribbon cutting at the North Syracuse branch, marking the completion of the building’s update. Beginnings Credit Union says it is updating
AmeriCU, Mountain Valley FCU merger expected to get state approval by year’s end
ROME, N.Y. — The New York State Department of Financial Services is expected to issue a final approval of the proposed merger between credit unions in the Mohawk Valley and the North Country by the end of the year. The members of Mountain Valley Federal Credit Union in the northeastern part of New York have
AmeriCU appoints senior VP of marketing
ROME, N.Y. — AmeriCU Credit Union recently announced it has hired Amber Cooleen as its new senior VP of marketing. She recently spent four years serving as chief marketing officer for a credit union based in the Capital Region. Throughout her career, Cooleen has held key marketing roles across various industries, from business-to-business startups to
New Visions FCU chief HR officer wants to listen and learn
ENDWELL, N.Y. — Visions Federal Credit Union (FCU) has a new VP/chief human resources officer (CHRO), who started her new duties back in the summer. For Aoife Quinn, the priority early on has been to listen and learn. “After getting a sense of who we are, where we are, and where we want to be,
CNY banking leader sees solid area business conditions, outlook
Region is buoyed by Micron project SYRACUSE, N.Y. — Even as stock markets continue to make all-time highs, there has been a lot of chatter about national economic uncertainty this year with slowing job growth and concern about the potential impact of tariffs, continued inflation, and most recently the federal-government shutdown. But current conditions and
Five Star Bank parent reports Q3 net income jumped 52 percent
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of nearly $20.5 million in the third quarter of this year, up 52 percent from almost $13.5 million in the third quarter of 2024. The company, in its Oct. 23 earnings report, cited strong performance in each
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