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Community Bank Q1 profit, revenue rise on increased assets from Oneida Financial deal
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported net income of $24.4 million in the first quarter, up 9.4 percent from $22.3 million in the year-ago quarter, as it benefitted from the assets it acquired in its $158.5 million acquisition of Oneida Financial Corp. Earnings per share at Community Bank rose to 55 cents […]
M&T appoints René Jones to expanded role, names CFO successor
M&T Bank Corp. (NYSE: MTB) announced that Vice Chairman René F. Jones has taken on new managerial responsibilities, effective May 2. In addition to continuing oversight of the bank’s Treasury function and Wilmington Trust division, he adds two new business lines — mortgage and consumer lending. “As our chief financial officer, René has helped guide
Two North Country resorts awarded loans for capital projects
Two Northern New York resorts will use loans totaling $600,000 to help pay for improvement projects. The board of the North Country Economic Development Fund
Owner of Binghamton area taxi-cab company accused of defrauding Medicaid
BINGHAMTON, N.Y. — The owner and operator of Broome Taxi is facing charges for operating the company without the “necessary” licensing while generating income from
Excellus asks customers to come forward to claim $2.36 million in uncashed checks
DeWITT, N.Y. — Thousands of New Yorkers have yet to cash more than $2.36 million in checks that Excellus BlueCross BlueShield and its parent company
Tompkins Financial declares quarterly dividend of 44 cents a share
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a quarterly cash dividend of 44
Attorney discusses importance of a family-business succession plan
When the owners of family-run businesses begin thinking about a succession plan, they need to consider something much more important than just all the paperwork involved. They need to focus on identifying who in their family should be the successor or successors, says Anthony (Tony) Marshall, an attorney in the Syracuse office of law firm Harris
Hiscock Legal Aid Society CEO, Susan Horn, to retire in July
SYRACUSE — Susan Horn, president and CEO of Hiscock Legal Aid Society, plans to retire on July 31. Horn announced her upcoming retirement in a letter to “Friends, Colleagues and Supporters” that was dated March 31. Hiscock Legal Aid Society (HLAS) operates at 351 S. Warren St. in Syracuse. Horn has spent 32 years with
IIABNY CEO, Poppa, to retire at end of 2016
DeWITT — Richard (Dick) Poppa, president and CEO of Independent Insurance Agents and Brokers of New York (IIABNY), will retire at the end of 2016. Poppa (pronounced Poppy) has led the organization for nearly 20 years, IIABNY said in a news release issued April 19. “When you say the name Dick Poppa to industry peers,
Succession Planning — Just Do It, But Do It Right
An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. — Jack Welch One of the Top 10 governance responsibilities for a nonprofit board is the identification and selection of the CEO who leads the organization. In addition to selecting the CEO, the board also is responsible for
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