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Gainey hired to manage Pathfinder Bank’s newest branch
SYRACUSE, N.Y. — Pathfinder Bank has hired Shynique Gainey as assistant VP, branch manager for the bank’s new, upcoming Syracuse office, to be located at
Community Bank System to pay dividend of 43 cents per share in April
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 43 cents a share on its common stock. The dividend will be payable on April 11 to shareholders of record as of March 15. The quarterly payment represents an annualized yield of about 2.35 percent, based
Oswego Health honors Pathfinder Bank with Community Partner Award
OSWEGO, N.Y. — Oswego Health recently recognized Pathfinder Bank with its Community Partner Award. The Community Partner Award is designed to honor a corporation or a foundation that “demonstrates outstanding commitment through financial support and through encouragement and motivation of others to take a leadership role toward philanthropy and community involvement,” according to an Oswego
Endicott seeks downtown revitalization projects
ENDICOTT, N.Y. — The Endicott Downtown Revitalization Initiative (DRI) Local Planning Committee has issued an open call seeking project proposals for privately-sponsored projects to be
Excellus Utica region seeks applicants for community health awards
UTICA, N.Y. — Nonprofit organizations in the region are eligible to apply for Excellus BlueCross BlueShield Community Health Awards to help fund health and wellness
NBT Bancorp to pay quarterly dividend of 28 cents a share in first quarter
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a cash dividend of 28 cents per share for the first quarter of this year. The payment is unchanged from each of the last two quarters but up by 3.7 percent from the 27 cents a share that
Pathfinder Bancorp profit doubles in fourth quarter
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3.9 million, or 64 cents a share, in the fourth quarter, up from $1.9 million, or 33 cents, in the year-ago quarter. The banking company’s fourth quarter total revenue (net interest income plus total noninterest income) of
NYS pension fund produced nearly 5 percent return last quarter
ALBANY, N.Y. — The New York State Common Retirement Fund produced an estimated return of 4.74 percent in the final quarter of 2021, its fiscal third quarter. That’s according to New York State Comptroller Thomas DiNapoli who also noted that the fund ended the quarter with an estimated value of $279.7 billion. “A strong [fiscal]
Plan post-COVID financial-planning, business goals
As COVID-19 case numbers drop and other news begins to take the top spot in the headlines, it’s a good time for individuals and business owners to take a moment to reassess their investment management, financial planning, and business goals as we begin to transition toward a post-pandemic world. “I think we’ve all just been concerned with
Lower 401(k) plan-fee trend continues, per reference book
The average total plan cost and investment fees for 401(k) plans continued to decline in the latest year, according to the new release of the “401k Averages Book,” 22nd Edition. Total investment costs declined between 0.01 percent and 0.06 percent from last year, with an average decrease of 0.03 percent, per the reference book. “The decline in
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