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Community Bank System acquires Boston–area insurance agency
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) has recently acquired the assets of Thomas Gregory Associates Insurance Brokers, Inc. (TGA), a specialty-lines insurance broker based in the Boston area. OneGroup, NY, Inc., a wholly owned subsidiary of Community Bank System, acquired TGA’s assets. No financial terms of the deal were disclosed. OneGroup is […]
New Lansing branch of Cayuga Lake National Bank opens
LANSING, N.Y. — Cayuga Lake National Bank’s (CLNB) third branch is now servicing customers in Lansing in Tompkins County. CLNB worked with D Squared Inc., an Ithaca–based construction company, and architect George W. Breuhaus, on this newly constructed bank branch, CLNB tells CNYBJ. The bank didn’t disclose the project cost. Located at 3077 N. Triphammer
VIEWPOINT: Ask Rusty: Should I Claim Social Security Family Benefits?
Dear Rusty: I was born in 1956 and my wife in 1961. I’ve got 45 years of Social Security earnings, and I will have income in 2021. We have four minor children, the youngest born in 2012. When is the best time for us to apply for benefits? Are we eligible for family benefits? My
Pathfinder Bancorp 2nd quarter profit jumps 63 percent
“During the second quarter of 2021, Pathfinder achieved strong increases in earning asset balances, corresponding revenue growth and improved operating margins that collectively contributed to record quarterly results and our exceptional financial performance for the first half of the year,” Thomas W. Schneider, president and CEO, said in Pathfinder’s earnings report issued on Aug. 2.
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 the increase of its quarterly cash dividend to 28 cents per share for the third quarter. That’s up by 3.7 percent from 27 cents a share in the prior quarter. The Norwich–based banking company will pay the dividend
Tompkins Financial to pay dividend of 54 cents on Aug. 13
Banking company’s profit increased 6.5 percent in latest quarter ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of 54 cents per share. The Ithaca–based banking company will make the dividend payment on Aug. 13, to common shareholders of record as
Cayuga Lake National Bank opens new Lansing branch
LANSING, N.Y. — The Lansing branch of Cayuga Lake National Bank (CLNB) in Tompkins County formally opened on July 26. Located at 3077 N Triphammer
Onondaga County maintains “high” bond ratings from Moody’s, S&P
SYRACUSE, N.Y. — Two ratings agencies have affirmed Onondaga County’s “high” bond rating. S&P Global Ratings assigned its ‘AA’ rating with a stable outlook to
SEFCU plans to merge with another Capital Region credit union
ALBANY, N.Y. — Albany–based SEFCU, which operates branches in Central New York, says it plans to merge its operations with CAP COM, another federal credit
Tompkins Financial profit rises nearly 7 percent in 2nd quarter
ITHACA, N.Y — Tompkins Financial Corp. (NYSE: TMP) reported that its net income rose 6.5 percent to $22.8 million in the second quarter from $21.4
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