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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
Excellus appoints Rigas as general counsel, senior VP
DeWITT, N.Y. — Excellus BlueCross BlueShield has appointed Brenda Rigas as its general counsel and senior VP. Rigas has been the primary legal support for compliance and regulatory affairs at the health insurer over the past 14 years. She has managed the organization’s response to “various high-profile matters,” Excellus said. “Brenda has been managing the
Walsh appoints Lewis to new role focused on diversity, inclusion, financial empowerment
SYRACUSE, N.Y. — Syracuse Mayor Ben Walsh has appointed Maria Maldonado Lewis to a newly created job focused on diversity, inclusion, and financial empowerment. The
Tompkins Financial boosts dividend by more than 5 percent
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 57 cents a share for the fourth quarter. The dividend is payable on Nov. 15, to common shareholders of record on Nov. 2. The dividend represents a 5.6-percent increase over the
NBT Bank names Ondesko corporate treasurer
NORWICH, N.Y. — NBT Bank announced it has appointed Joseph Ondesko as its corporate treasurer. Ondesko was promoted from senior VP and assistant treasurer, a
ALBANY, N.Y. — A new state law will allow credit unions to participate in the Excelsior linked-deposit program. Gov. Kathy Hochul signed the bill on
Brown & Brown Insurance boosts quarterly dividend by nearly 11 percent
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 10.25 cents a share. The dividend is payable on Nov. 17 to shareholders of record on Nov. 3, the insurance agency said in a news
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
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