Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Insurance & Financial Services
KeyCorp to pay Q2 dividend of 19.5 cents in mid-June
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the second quarter. The dividend is payable on June 15, to holders of record as […]
Community Bank System declares dividend of 43 cents a share for July payment
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter. The dividend will be payable on July 11 to shareholders of record as of June 15. The quarterly payment represents an annualized yield of about 2.7
Strategic Financial focuses on employees to drive growth
UTICA,N.Y. — Taking the helm of a business started by your father can be a daunting prospect. It’s a role that Alan Leist III, CEO of Strategic Financial Services — founded by his father Alan Leist, Jr, in 1979 — takes very seriously, honoring both the responsibility and the privilege the position has afforded him.
State to conduct study on payroll-servicing industry after MyPayrollHR scandal
The New York State Department of Financial Services (DFS) will conduct a study on the payroll servicing industry following the MyPayrollHR scandal, which caused “major financial disruptions for workers and small businesses.” The office of Gov. Kathy Hochul on May 6 said she has signed a bill requiring the study. DFS, in consultation with the New
PAR’s strong Q1 revenue offset by operating costs
NEW HARTFORD, N.Y. — Last year’s acquisition of loyalty and guest-engagement platform Punchh paid off in double-digit sales growth in the first quarter of 2022 for PAR Technology Corp. (NYSE: PAR), but a number of factors still led to an overall net loss in the period. PAR revenue increased 47.4 percent to $80.3 million in
Community Bank wraps up Elmira Savings acquisition
DeWITT, N.Y. — The acquisition of Elmira Savings Bank by Community Bank System, Inc. (NYSE: CBU) does more than just add branches to its Community Bank, N.A. unit. The purchase brings a broader and deeper set of services to bank customers, says Mark E. Tryniski, president and CEO of Community Bank System, which is based
Ask Rusty: About Payroll Tax & Income Tax on Social Security
Dear Rusty: Is it possible for you to go over how the Federal withholding tax is computed on Social Security benefits? Signed: Curious Taxpayer Dear Curious: I’m not sure if you’re asking about how FICA (or self-employment) tax on your earnings from work is determined, or if you’re asking about how much income tax to
Carrols Restaurant Group reports net loss in 1st quarter
SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST), the nation’s largest Burger King franchisee, reported a net loss of more than $21 million, or
People news: Lyons National Bank adds commercial-loan officer in Auburn
AUBURN, N.Y. — Lyons National Bank (LNB) recently hired Todd L. Borsa as assistant VP, commercial-loan officer in its Auburn offices. Borsa, an Auburn native,
Community Bank System completes nearly $83M acquisition of Elmira Savings Bank
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU), parent company of Community Bank, N.A., has wrapped up its $82.8 million, all-cash acquisition of Elmira
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.