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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
Brown & Brown, Inc. (NYSE: BRO) — the Florida–based parent of Brown & Brown of New York, Inc., which has an office in Syracuse — recently announced that its board of directors has increased its regular quarterly cash dividend by 10 percent. The insurance-brokerage firm will pay a dividend of 16.5 cents per share on
Colgate says students with family income up to $175K can attend tuition free
HAMILTON, N.Y. — Colgate University says students with a total family income up to $175,000 can now attend the school tuition-free. In addition, those students
Rochester company acquires Utica engineering firm
ROCHESTER, N.Y. — Joseph C. Lu Engineering, PC, a Rochester–based engineering firm with offices in the Syracuse area and Binghamton, has acquired Eisenbach & Ruhnke Engineering, P.C., an engineering firm based in Utica. With Lu Engineers expanding its presence to Utica, the firm will “gain stronger access to local and municipal markets and increase capacity
Syracuse police warn city businesses about fake invoice scam
SYRACUSE, N.Y. — The Syracuse Police Department is warning Syracuse businesses about a scam involving fake zoning invoices. The fake bills have been sent to
Community Bank parent declares Q4 dividend of 47 cents a share
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it will pay a quarterly cash dividend of 47 cents per share of its common stock for the fourth quarter. The dividend will be payable on Jan. 12, to shareholders of record as of Dec.
Former Durhamville Fire Dept. treasurer admits to $92K theft
DURHAMVILLE, N.Y. — Sentencing is set for Nov. 21 for the former treasurer of the Durhamville Fire Department in Oneida County, who recently pled guilty to stealing more than $92,000 from the fire department over a seven-year period. As part of the plea, Kimberly Simchik, 62, of Durhamville will pay restitution of just over $92,000
State audit finds improved accuracy in Thruway toll collections
ALBANY, N.Y. — When it comes to Thruway tolls, the New York State Thruway Authority is generally accurate with its billing process, although a recent review identified some exceptions and recommended better monitoring and corrective actions. That’s according to an audit that New York State Comptroller Thomas DiNapoli released Sept. 23. “The Thruway Authority has
VIEWPOINT: Why New York’s Health Premiums Keep Going Up
New Yorkers continue to face some of the costliest health-insurance premiums in the U.S., and the insurance industry’s recently finalized rate applications shed light on why that is. In summaries filed with the state regulators, insurers attributed their price hikes to rising costs — including state-specific factors, such as insurance taxes and coverage mandates, as
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