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Insurance & Financial Services
VIEWPOINT: New York’s Medicaid Spending Rate Remains the Highest of Any State
New York’s Medicaid program remained a spending outlier in 2024, with per-resident outlays that were 24 percent higher than those of any other state and 77 percent above the national average, according to a federal report released on July 31. The report from the Centers for Medicare & Medicaid Services provides timely context for the […]
UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties has adopted a new investment-management model, naming longtime consultant Crewcial Partners as its outsourced chief investment officer (OCIO). Based in New York City, Crewcial has worked with the Community Foundation for several decades, per the Monday announcement. The expanded partnership marks a new phase
Startup fund Upstate Biotech Ventures now has $10 million
SYRACUSE, N.Y. — Upstate Biotech Ventures (UBV), Upstate Medical University’s startup biotech fund, now has significantly more funding than it did when UBV was announced in July 2024. SUNY Chancellor John King, Jr. on July 16 announced a $4 million increase in the startup biotech fund for a total $10 million investment. Empire State Development
KeyCorp to pay 3rd quarter 2025 dividend in mid-September
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the third quarter of this year. The dividend is payable on Sept. 15, to
Berkshire Bank parent company to merge with another Boston–based bank, change names
BOSTON — Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley and Capital
Smith Brothers Insurance acquires Ithaca firm
ITHACA, N.Y. — Smith Brothers Insurance, LLC, a Connecticut–based firm with offices in Owego, Vestal, Waverly, and Albany, has acquired Moscato & Associates of Ithaca,
Women–owned businesses in Oneida and Herkimer counties can pursue $5,000 grants
CLINTON, N.Y. — A total of five grants, each worth $5,000, are available for women–owned business in Oneida and Herkimer counties. The Women’s Fund (WF)
Pathfinder Bancorp posts small Q2 profit as it sells nonperforming loans
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, on Wednesday, July 30, reported net income of $31,000, or less
NBT Bancorp boosts quarterly dividend by nearly 9 percent
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) announced on Monday that its board of directors has approved an increase of its quarterly cash dividend
Berkshire Bank Foundation invests nearly $400,000 in local nonprofits during Q2
Berkshire Bank Foundation says it invested nearly $400,000 in communities through grants and other giving in the second quarter of the year. Several Central New York organizations were among the 100 nonprofit organizations in New York, Massachusetts, Connecticut, Rhode Island and Vermont that the foundation invested in from April to June. Berkshire Bank Foundation is
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