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NBT’s Salisbury acquisition paves the way for growth
NORWICH, N.Y. — The planned acquisition of Salisbury Bancorp, Inc. (NASDAQ: SAL) will help NBT Bancorp, Inc. (NASDAQ:) bridge the geographical gap between its existing branches and set it up for future growth along the state’s “chip corridor” from Syracuse to Poughkeepsie. The banking companies announced the $204 million, all-equity deal on Dec. 5, with […]
SMALL BUSINESS SPOTLIGHT: Eden Fresh Network co-founders show how crowdfunding is done
SYRACUSE, N.Y. — If one were to look at the playbook for how to set up a successful crowdfunding campaign, Mark Pawliw would check all the boxes. He and his co-founder and co-owner of Eden Fresh Network (EFN), Leah de Rosa, successfully crowdfunded the launch of EFN in May. Community members from the duo’s networks,
Cazenovia College to close its doors after spring 2023 semester
CAZENOVIA, N.Y. — Cazenovia College announced Wednesday it will shutter at the end of the 2022-2023 academic year due to financial problems. “We’re deeply disappointed
NBT to acquire Connecticut–based Salisbury Bancorp for $204 million
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) announced Monday that it has agreed to acquire Salisbury Bancorp, Inc. (NASDAQ: SAL), of Connecticut, in an
AG James urges Congress to prohibit crypto investments in 401(k) plans
New York Attorney General Letitia James on Nov. 22 urged congressional leaders to adopt legislation that would prohibit investing retirement funds in digital assets, such as cryptocurrencies, digital coins, and digital tokens. Individual retirement accounts (IRAs) and defined-contribution retirement plans, like 401(k) plans and 457 plans for government employees, are key retirement investments for millions
DiNapoli audit details problems with state UI system
ALBANY, N.Y. — The New York State Department of Labor’s (DOL) “failure to replace its long-troubled” unemployment-insurance (UI) system and ad-hoc workarounds to compensate for the old system “weakened” oversight and “ultimately contributed to an estimated billions of dollars in improper payments” during the COVID-19 pandemic. That’s according to an audit that New York State Comptroller
Brown & Brown pays 12 percent higher dividend in Q4
Brown & Brown, Inc. (NYSE:BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently paid a regular quarterly cash dividend of 11.5 cents per share for the fourth quarter. The dividend was 12.2 percent higher than Brown & Brown’s prior regular quarterly cash dividend of 10.25 cents a share. It’s the 29th straight annual
New York Health Plan Association names VP of government affairs
ALBANY, N.Y. — The New York Health Plan Association (HPA) announced that it has recently promoted Ashley Stuart to VP of government affairs. Stuart joined HPA in 2019 as director of government affairs and since then has acted as “a vital liaison” with state lawmakers and their staffs, members of the governor’s administration, and other
Syracuse Stage program gets boost from M&T Bank donation
SYRACUSE, N.Y. — Syracuse Stage plans to use a $20,000 grant from M&T Bank (NYSE: MTB) to substantially increase the number of pay-what-you-will performances for each show remaining in its 2022-23 season. The funding will allow the organization to provide more opportunities for Central New Yorkers to see live theatre. Syracuse Stage will also use
Syracuse Jazz Fest seeking $650K in funding to stage 2023 event
SYRACUSE, N.Y. — Private and public-sector funding totaling $650,000 is what the executive producer of Syracuse Jazz Fest says the organization is currently pursuing for the 2023 event. The music festival returned last June following a five-year hiatus. “The cost of mounting a world class, non-ticketed festival — one that remains free of charge for
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