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Insurance & Financial Services
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
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
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