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ABA Survey: Bank customers embracing mobile deposits
Mobile remote deposits have emerged as an increasingly popular banking service, with more than one in eight Americans depositing a check using a mobile device in the past year, according to a recent survey by the American Bankers Association (ABA). Of those who have used a mobile-deposit service, 80 percent report using it regularly — […]
The Health-Care Law Continues to Shift Costs to Employers
CEOs and CFOs across the country have been challenged with the need to offer a competitive employee-benefits plan that both meets requirements established under the Affordable Care Act (ACA) and remains affordable to the organization. With several of ACA’s mandates requiring employers to offer an increased number of covered benefits, many of which are at
New venture-capital firm makes its first investment
SYRACUSE — A recent investment in a soil-modeling tool for the agriculture industry is the first investment of what Armory Square Ventures expects will be a very busy next year for the young venture-capital firm. Syracuse–based Armory Square Ventures is one of three companies that invested a combined $2.2 million in Agronomic Technology Corp. to expand
Market Street Trust Co.: No longer under the radar
Money, which represents the prose of life, and which is hardly spoken of … without an apology, is … as beautiful as roses. — Ralph Waldo Emerson CORNING — The concept of an administrator dates back thousands of years. Whatever the title, the royal family chose a major-domo who would represent, make arrangements, and take
Community Wealth Management Services benefits from growth strategy
DeWITT — A year after outlining strategies to grow Community Bank System, Inc.’s (NYSE: CBU) wealth-management division, the banking company is reaping the dividends of implementing those efforts. Community Bank System saw its total revenue grow $4.3 million, or 4.8 percent, to $92.5 million for the third quarter, according to its Oct. 20 earnings report.
Co-founder of Michael Roberts Associates retires
DeWITT — Michael Roberts Associates, Inc. (MRA) in late August announced the retirement of Robert J. Dugan, co-founder and former partner in the locally owned, independent wealth-management firm. Dugan established Michael Roberts Associates with Robert Cuculich and Michael Donovan in January 1990. A native of Bayonne, N.J., Dugan became a licensed broker in 1975 after
First Niagara blames impairment charge, process issue for Q3 loss
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) is pointing to a non-cash write-off and a process issue as the reasons for a third quarter net loss of $665 million, or $1.90 per share. Results included a non-cash, goodwill-impairment charge of $800 million, along with a pretax $45 million reserve to address a process issue
Excellus presents $27K in health awards to seven nonprofits
DeWITT, N.Y. — Excellus BlueCross BlueShield (BCBS), the largest health insurer in Central New York, has presented more than $27,000 in community health awards to
SU researchers develop tool to track the performance of federal-court judges
SYRACUSE — Researchers at Syracuse University (SU) have developed a data tool that provides information on the performance of more than 900 federal district-court judges. The data tool, developed by SU’s Transactional Records Access Clearinghouse (TRAC) officially launched Oct. 14. TRAC announced the advancement in a news release distributed that same day. With the new
USERRA law provides employment protection to military reserves
SYRACUSE — On Columbus Day, the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) celebrated its 20th anniversary, but the fight for employment rights for those who serve our country is far from over, according to one Syracuse law firm that specializes in USERRA cases. Mathew Tully, founding partner, formed Tully Rinckey PLLC,
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