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First Source FCU breaks ground on new Herkimer branch
HERKIMER, N.Y. — First Source Federal Credit Union (FCU) announced it has started the groundwork for a new branch office in Herkimer, scheduled for completion
Home HeadQuarters is Syracuse recipient of $200K KeyBank bicentennial grant
SYRACUSE, N.Y. — Syracuse–based Home HeadQuarters, Inc. will use a $200,000 philanthropic grant from the KeyBank Foundation to support its Affordable Capital Capacity Building project. The funding is meant to “celebrate 200 years of KeyBank’s service to communities across the nation,” per the bank’s announcement. The KeyBank Foundation is donating $200,000 to community-development efforts in
Community Financial System boosts quarterly dividend in Q3
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has increased its quarterly cash dividend by 1 cent, or 2.2 percent, to 47 cents per share for the third quarter. The dividend will be payable on Oct. 10, to shareholders of record as
New study on Ithaca retail strategy urges focus on arts, artisan culture
ITHACA, N.Y. — Downtown Ithaca needs a retail mix that focuses on the merchandising of arts and crafts products, along with marketing campaigns to position Ithaca as a must-visit destination for the arts and artisan culture. Those are among the recommendations in a new study that focuses on a retail strategy for the City of
New York rural counties face severe health-care provider shortage
ALBANY, N.Y. — A recent report by New York State Comptroller Thomas P. DiNapoli found a severe shortage of health professionals, including primary care, OBGYN doctors, pediatricians, dentists, and mental-health practitioners in 16 rural counties in the Empire State. The report, titled “The Doctor is…Out: Shortages of Health Professionals in Rural Areas,” described the shortfalls
Strategic tops $2.5 billion in assets under management
UTICA, N.Y. — Strategic Financial Services, Inc. — an independent wealth-management firm with offices in the Mohawk Valley, Syracuse, and beyond — recently announced that its assets under management have grown to surpass $2.5 billion. “This milestone reflects the continued trust our clients place in us — and our commitment to having ‘good people’ that
VIEWPOINT: New York’s Medicaid Spending Rate Remains the Highest of Any State
New York’s Medicaid program remained a spending outlier in 2024, with per-resident outlays that were 24 percent higher than those of any other state and 77 percent above the national average, according to a federal report released on July 31. The report from the Centers for Medicare & Medicaid Services provides timely context for the
UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties has adopted a new investment-management model, naming longtime consultant Crewcial Partners as its outsourced chief investment officer (OCIO). Based in New York City, Crewcial has worked with the Community Foundation for several decades, per the Monday announcement. The expanded partnership marks a new phase
Startup fund Upstate Biotech Ventures now has $10 million
SYRACUSE, N.Y. — Upstate Biotech Ventures (UBV), Upstate Medical University’s startup biotech fund, now has significantly more funding than it did when UBV was announced in July 2024. SUNY Chancellor John King, Jr. on July 16 announced a $4 million increase in the startup biotech fund for a total $10 million investment. Empire State Development
KeyCorp to pay 3rd quarter 2025 dividend in mid-September
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the third quarter of this year. The dividend is payable on Sept. 15, to
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