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Insurance & Financial Services
Harris nominated as DFS superintendent
ALBANY — The New York State Senate will consider Gov. Kathy Hochul’s nomination of Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent. Formerly a top economic advisor to President Barack Obama, Harris would become the state’s top financial regulator. She would succeed Linda Lacewell, who resigned from […]
VIEWPOINT: Ask Rusty: My Social Security Income Hurts When I File My Taxes
Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I filed our joint tax return, we owed the IRS a substantial amount of money — they took 85 percent of my SS in taxes. We
Community Bank System names Gillan-Myer chief human-resources officer
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that Maureen Gillan-Myer will soon join the banking company as its executive VP and chief
M&T Bank Corp. to pay quarterly dividend of $1.10 per share in late September
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.10 per share on its common stock. The dividend will be payable on Sept. 30 to shareholders of record at the close of business on Sept. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main
VIEWPOINT: Telehealth in the pandemic era
There is a well-known proverb: “Necessity is the mother of invention.” What started as a niche market for concierge and special-case patients, the telehealth industry has become a behemoth virtually overnight — with projections reaching $559.52 billion by 2027, according to Fortune Business Insights — entirely because of the COVID-19 pandemic. How could something that was
NONPROFIT MANAGEMENT: Giving retirement-plan compliance the attention it deserves
“My best days in retirement are when I give back to the community.”— Anonymous Stock markets continue to hit all-time highs throughout the pandemic since the lows of the original sell-off on March 23, 2020. We see 401(k) and 403(b) retirement account values have increased significantly for almost all participating employees and retirees, as the S&P 500
Hochul nominates former Obama advisor as new Department of Financial Services superintendent
ALBANY, N.Y. — Gov. Kathy Hochul has nominated Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent. Formerly
NBT appoints Mahoney president of wealth management
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) announced it has appointed Ruth H. Mahoney as its executive VP and president of wealth management. Mahoney,
Cazenovia College has new lab for finance, accounting students
CAZENOVIA, N.Y. — Cazenovia College believes a new laboratory space provides an “added sense of career realism” for its students taking finance and accounting courses. The lab includes the same types of industry-utilized data technology, business-day amenities, and “precise working environment” that students are likely to see when they begin work in finance and accounting
AAA Western & Central New York hires new corporate counsel
AAA Western and Central New York has announced the hiring of Elizabeth (Liz) Bove as corporate counsel. Bove, who will work from AAA’s headquarters in Amherst (suburban Buffalo), will represent AAA on all legal matters and provide legal counsel to the organization. She most recently worked as a senior associate at Phillips Lytle LLP in Buffalo, AAA
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