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Horizons FCU is now a division of Empower FCU
SYRACUSE, N.Y. — Horizons Federal Credit Union of Binghamton has merged its operations with Syracuse–based Empower Federal Credit Union in a deal that took effect Oct. 1. The signage at the four current Horizon branches and the one Empower location in the Southern Tier on Oct. 1 changed to Horizons, a division of Empower Federal […]
Community Bank purchase of ESB to give it Southern Tier boost
DeWITT, N.Y. — Community Bank System, Inc.’s (NYSE: CBU) recently announced $83 million agreement to acquire Elmira Savings Bank (ESB) will strengthen and deepen its reach in the Southern Tier, particularly the Corning-Elmira-Ithaca corridor. DeWitt–based Community Bank System announced Oct. 4 that it would acquire ESB (NASDAQ: ESBK), which has total assets of nearly $649
People news: NBT Bank names LaRusch director of workforce management
JOHNSON CITY, N.Y. — NBT Bank announced it has appointed Richard LaRusch director of workforce management. LaRusch joined NBT Bank in 2012 as human-resources generalist.
With upcoming retirement, Preferred Mutual appoints new leadership
The firm on Oct. 4 announced the promotion of R. Benedikt Sander to the role of president and CEO, effective Jan. 1. PMIC has also promoted Jeffrey Lopata to COO and executive VP, also effective at the beginning of the new year, per a company news release. Preferred Mutual Insurance is based in New Berlin
NONPROFIT MANAGEMENT: Bidding good bye with a primer on value-based payments
“Great is the art of beginning, but greater is the art of ending.” — Henry Wadsworth Longfellow The time has come to pass the torch to the next generation of Bonadio Health- and human-service experts. After publishing columns in The Central New York Business Journal (CNYBJ) for 13 years, I will continue my love of writing
Comptroller says Medicaid billing errors cost state more than $1.5 billion
“Troubling errors like the ones routinely identified by my auditors are extremely costly. They can also put patients at risk,” DiNapoli said in announcing the reports. “By not fixing problems with the Department of Health’s eMedNY system and other issues, hundreds of millions of dollars more in taxpayer dollars could be misspent and unqualified providers
Community Bank System to acquire Elmira Savings Bank for nearly $83 million
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced it has agreed to acquire Elmira Savings Bank (NASDAQ: ESBK) in a cash deal worth
Preferred Mutual Insurance appoints new CEO, COO
PMIC’s current CEO, Christopher Taft, will be retiring but will become the chairman of the company’s board of directors. In that role, Taft replaces Robert
Oswego Health to use $100K M&T gift for Lakeview Center for Mental Health & Wellness
OSWEGO, N.Y. — Oswego Health says M&T Bank (NYSE: MTB) has donated $100,000 to support the newly opened Lakeview Center for Mental Health and Wellness. It represents “one of the largest corporate donations” to the Campaign for Oswego Health and brings the nonprofit “one step closer to its fundraising goal.” The new 42,000-square-foot facility provides
Fitch Ratings, Moody’s Investors Service assign credit ratings for Syracuse airport governing body
SYRACUSE, N.Y. — Fitch Ratings has assigned the Syracuse Regional Airport Authority (SRAA) a credit rating of A-, while Moody’s Investors Service has assigned a
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