Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

CFCU Community Credit Union posthumously honors board member
ITHACA, N.Y. — The CFCU Community Credit Union board of directors has voted to posthumously honor Joseph (Joe) During with the title of director emeritus. During is the first CFCU board member bestowed with the recognition, CFCU said in a June 29 news release. The title of director emeritus honors retiring board members who have […]

Five Star Bank names regional presidents
WARSAW, N.Y. — Five Star Bank, a unit of Financial Institutions, Inc. (NASDAQ: FISI) recently announced it has appointed regional bank presidents. The bank has named Craig Burton Finger Lakes/Southern Tier regional president, in addition to his role as commercial real-estate executive, according to a June 17 Five Star Bank news release. Burton continues to

KeyCorp to pay dividend of 18.5 cents a share for Q3
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 18.5 cents per share of its common stock for the third quarter. The dividend is payable on Sept. 15, to holders of record as

Pathfinder Bancorp to pay second-quarter dividend of 7 cents a share
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently declared a quarterly cash dividend of 7 cents per share on its common stock for the fiscal quarter ending June 30. The dividend will be payable to all Pathfinder shareholders of record on July 16 and will be paid on Aug.

First Source Federal Credit Union launches interactive ATMs in downtown Utica
NEW HARTFORD, N.Y. — First Source Federal Credit Union says it is now offering interactive ATMs in downtown Utica, a move that it views as

Carrols Restaurant Group acquires Burger King restaurants in Indiana, Michigan
SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST) announced it has recently acquired 19 Burger King restaurants in Indiana and Michigan. Syracuse–based Carrols is
VIEWPOINT: Ask Rusty: Can I Get a Higher SS Benefit Now Because I’m Older?
Dear Rusty: I started getting Social Security (SS) at age 62 and I am now 77. Can I get a higher benefit now that I’m older? Signed: Needy Senior Dear Needy Senior: Probably not. When you first start collecting your Social Security retirement benefits (e.g., at age 62 or any other age) your SS benefit

Security Mutual appoints Gravely as CEO; Boyea to remain chairman
BINGHAMTON, N.Y. — Security Mutual Life Insurance Company of New York announced Thursday it has elected Kirk Gravely as the firm’s CEO, effective July 11,

NBT Bancorp appoints Kingsley CFO
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) announced it has appointed Scott A. Kingsley as executive VP and chief financial officer. Kingsley will join

Community Bank System acquires Minnesota benefits-administration company
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced Thursday that it has acquired Fringe Benefits Design of Minnesota, Inc. (FBD), a provider of
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.