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VIEWPOINT: Record-high public pension-fund return won’t necessarily mean lower pension costs
The cost to taxpayers of New York’s generous (and constitutionally guaranteed) pension benefits for state and local-government employees depends largely on the performance of pension-fund investments. So when Comptroller Thomas DiNapoli announced recently that the state Common Retirement Fund had earned a record return of 33.55 percent last year — nearly five times the assumed rate — […]
Pathfinder Bank names Tryniski VP, credit manager
OSWEGO, N.Y. — Pathfinder Bank has promoted Nick Tryniski to VP, credit manager from credit analyst. That’s according to Ronald Tascarella, executive VP, chief banking officer, who announced the promotion on June 8. “We are happy to recognize Nick with this promotion,” Tascarella said. “With his extensive knowledge of lending, leadership skills and his commitment
Syracuse’s American Rescue Plan funding to target infrastructure, jobs, city government operations
SYRACUSE, N.Y. — Syracuse Mayor Ben Walsh on Friday outlined plans for the city’s $123 million in federal aid through the American Rescue Plan Act
2021 Wealth Management Special Report
Click to View the 2021 Wealth Management Special Report
Five Star Bank parent company to pay Q2 dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, announced that its board of directors has approved a quarterly cash dividend of 27 cents per share of its common stock for the second quarter. The dividend is the same amount that the banking company paid for the first quarter, when it
People news: Tompkins Financial promotes Tomazin to treasurer
ITHACA, N.Y. — Tompkins Financial Corporation announced it has promoted Matt Tomazin to treasurer and senior VP. He will report to Frank Fetsko, chief operating
AmeriCU buys building on Route 57 in Clay to establish training center
CLAY, N.Y. — AmeriCU plans to open a training center in a building it recently bought on Route 57 in Clay. The Rome–based credit union purchased the 5,202-square-foot building, located on nearly 1 acre at 7466 Oswego Road, for $550,000 from Michael Jay Associates (Ken Pacioni), according to a release from CBRE/Syracuse. Glenn Weisiger and
Chemung Financial boosts quarterly dividend by 19 percent
ELMIRA, N.Y. — Chemung Financial Corporation’s board of directors recently boosted its quarterly cash dividend by 19 percent to 31 cents a share from the previous 26 cents. The new dividend is payable on July 1, to common-stock shareholders of record as of the close of business on June 17. “We are pleased that our
People news: Community Bank adds Gorski as VP, commercial banking officer
DeWITT, N.Y. — Community Bank N.A. announced that Alexandra Gorski has joined the bank as VP and commercial banking officer in DeWitt. Gorski has 30
AAA expects big rebound in Memorial Day weekend travel, compared to 2020
More than 37 million people are expected to travel 50 miles or more from home during the Memorial Day holiday weekend period between Thursday and
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