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NBT Bank promotes two in human resources division
Butcher joined NBT Bank in 2011 as director of organizational development. He has more than 20 years of experience, including serving as manager of organizational effectiveness for MWV. Butcher earned a bachelor’s degree from SUNY Oswego. He holds a certification in organization development from the National Training Lab Institute for Applied Behavioral Science and a […]
VIEWPOINT: The Structural Requirements for an Effective Compliance Program
As a condition of Medicaid payment, New York State requires certain Medicaid providers, including managed care and managed long-term care companies, to develop and implement effective compliance programs to deter fraud and waste and correct non-compliance with Medicaid requirements. New York State made amendments in 2020 to the Social Services Law section 363-d (“SSL 363-d”). This established
Preferred Mutual’s HR leader receives title change
NEW BERLIN, N.Y. — The executive in charge of Preferred Mutual Insurance Company’s human-resources initiatives recently received a title change to reflect the firm’s diversity, equity, and inclusion objectives. Jenifer Rinehart is now executive VP, chief human resources officer, and diversity, equity, and inclusion officer. “I am excited to be able to continue the development
Community Bank System to pay Q4 dividend of 43 cents a share in January
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that it has declared a quarterly cash dividend of 43 cents per share on its common stock for the fourth quarter. The dividend will be payable on Jan. 10 to shareholders of record as of Dec. 15. The dividend is the same amount that
KeyCorp boosts dividend to 19.5 cents a share for Q4
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the fourth quarter. The dividend is payable on Dec. 15, to holders of record as of the
Hochul names Ernst new chair of Adirondack Park Agency
New York Gov. Kathy Hochul recently designated John Lyman Ernst as chair of the Adirondack Park Agency (APA). He will be nominated for reappointment to the APA board. Ernst was originally appointed to the APA board in June 2016. As a member of the board, he served on the regulatory programs, state land, enforcement, and the park
Pathfinder Bank profit, revenue jump in 3rd quarter
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported that its net income soared 128 percent to $3.4 million, or 56 cents a share, in the third quarter from $1.5 million, or 25 cents, in the year-ago quarter. The Oswego–based banking company generated total revenue (net interest income
Dakota Wealth Management leases 1,900 square feet at The Foundry
SYRACUSE — Dakota Wealth Management recently leased 1,904 square feet of office space at The Foundry building at 432 N. Franklin St. in Syracuse. Bill Anninos, of CBRE/Syracuse, and Kristen Nave, of Sutton Real Estate Company, helped arrange the transaction, according to a CBRE news release. No final lease terms were disclosed. However, a real-estate
KeyCorp’s Q3 profit jumps 55 percent, beats analysts’ expectations
KeyCorp (NYSE: KEY) recently reported that its net income in the third quarter increased 55 percent to $616 million, or 65 cents per share, from $397 million, or 41 cents, in the year-ago period, driven by strong revenue growth, especially fee-based income. KeyCorp — based in Cleveland, Ohio — is parent of KeyBank, which ranks
NBT Bancorp boosts quarterly dividend by nearly 4 percent
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 fourth quarter. The payment is unchanged from the last quarter but up by 3.7 percent from 27 cents a share in the fourth quarter of 2020. The Norwich–based
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