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Buffalo private-equity firm acquires ICM Controls
CICERO, N.Y. — ICM Controls, Inc. of Cicero and its affiliates are now under the ownership of Lorraine Capital, LLC, a Buffalo–based private-equity firm. ICM Controls is a manufacturer of electronic control products. ICM, which has about 300 employees, is based in Cicero at 7313 William Barry Blvd., off East Taft Road. Lorraine Capital acquired […]
State employee arrested for trying to scam state retirement system out of more than $4,000
New York State Comptroller Thomas P. DiNapoli and the New York State Police announced on May 3 that a former New York State Department of Education employee — Shannon Brady, 52, of Albany — was arrested. Brady allegedly falsely claimed to the New York State and Local Retirement System (NYSLRS) that she never received a
Tompkins Financial pays Q2 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 57 cents per share for the second quarter. The dividend is payable on May 16, to common shareholders of record on May 10. The dividend is the same amount that the
Wheels are in motion for Binghamton entrepreneur
BINGHAMTON, N.Y. — The owner of Chenango Point Cycles in Binghamton has taken his love for bicycling and purchased a business that focuses on that activity. His efforts also earned him recognition as the 2022 Small Business Person of the Year Award from the Upstate New York District of the U.S. Small Business Administration (SBA).
Home HeadQuarters awarded nearly $400K in federal funding for neighborhood development, job creation
SYRACUSE, N.Y. — Home HeadQuarters Inc. will use new federal funding of $387,000 to develop and preserve affordable housing, revitalize neighborhoods, and create jobs in
Fontaine expands role at Tompkins
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced it has appointed Alyssa Fontaine as chief risk officer, adding to her current role as executive
People news: Constantino joins Barclay Damon as associate
SYRACUSE, N.Y. — Barclay Damon LLP announced that Nick Constantino, associate attorney, has joined its insurance coverage & regulation and torts & products liability defense
Weichert joins commercial-lending team at Community Bank
DeWITT, N.Y.— As Community Bank, N.A.’s new senior VP, commercial banking group manager, Lindsay Weichert is excited for a lot more than working for her hometown bank. Working for a bank where decisions are made locally was a huge draw for the Syracuse native. That the bank shares her passion for economic development and community
Binghamton entrepreneur named SBA Upstate Small Business Person of the Year
BINGHAMTON, N.Y. — Anthony Folk, owner of Chenango Point Cycles in Binghamton, has won the 2022 Small Business Person of the Year Award from the
ICM Controls of Cicero is sold to private-equity firm
CICERO, N.Y. — Lorraine Capital, LLC, a Buffalo–based private-equity firm, announced it has acquired ICM Controls, Inc. of Cicero and its affiliates. ICM Controls is
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