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VIEWPOINT: Year-End Tax-Planning Tips
As we navigate the hustle and bustle of another holiday season, many of us are reflecting on the whirlwind that was 2021. We often spend the latter portion of the year looking back on our cherished memories and celebrating. However, there is a looming consideration that should not be missed: year-end tax planning. In hopes of making […]
DFS issues final guidance for N.Y. insurers on financial risks from climate change
ALBANY, N.Y. — The New York State Department of Financial Services (DFS) on Nov. 15 issued final guidance to state–regulated domestic insurers detailing DFS’s expectations on their management of the financial risks from climate change. After issuing a proposed version of the guidance in March, DFS said it received comments from a broad range of
Pinnacle Investments names Nardella president
DeWITT, N.Y. — Pinnacle Investments, LLC, a 25-year-old wealth and asset management firm, has appointed Mark Nardella as president. The firm tells CNYBJ an email
Walsh announces $1 million in lending programs for Syracuse small businesses
SYRACUSE, N.Y. — The Syracuse Economic Development Corporation (SEDCO) on Friday started accepting applications for a minimum of $1 million as part of the first
Five Star Bank parent company to pay Q4 dividend in early January
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 27 cents per share of its common stock for the fourth quarter. Financial Institutions said it will pay its quarterly dividend on Jan. 3, to shareholders of record
Pinnacle Employee Services expands with in-house recruiting division
DeWITT, N.Y. — Pinnacle Employee Services says it has expanded its services with the addition of an in-house recruiting division called Pinnacle Talent Solutions. Pinnacle Employee Services, a professional employer organization, is located at 5845 Widewaters Parkway in DeWitt. The firm hired Charlotte Dieroff as director of recruiting to offer its clients and potential clients
Also reacts to new mental-health survey data Excellus BlueCross BlueShield says it has raised the minimum wage for all its employees to $18 per hour, up from $15 an hour. At the same time, the Rochester–based Excellus, Central New York’s largest health insurer, is also reacting to new data about the pandemic’s impact on
Smith Brothers Insurance names Kelly private-client practice leader
Smith Brothers Insurance, LLC — an independent insurance and risk-management broker with Southern Tier offices in Vestal, Owego, and Waverly — recently hired Mike Kelly as private-client practice leader. Kelly is responsible for private-client growth initiatives, client service, and enhancing the company’s people-focused culture, according to a Smith Brothers news release. Kelly brings 15 years
Smith Brothers Insurance acquires Massachusetts agency
Smith Brothers Insurance, LLC — which was Southern Tier offices in Vestal, Owego, and Waverly — has acquired Oxford Insurance Agency, an independent insurance agency in Oxford, Massachusetts. The deal became effective Nov. 1, per a company news release, which disclose any financial terms. Smith Brothers is headquartered in Glastonbury, Connecticut. The acquisition expands Smith
Security Mutual adds insurance-industry veteran to board
BINGHAMTON, N.Y. — Security Mutual Life Insurance Company of New York announced that it has appointed insurance-industry veteran Robin Lenna to its board of directors. Lenna is senior VP at Vitech Systems Group, a New York City–based global provider of cloud-native benefit and investment-administration software. “We are happy to welcome Robin to the Board of
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