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NBT Bank promotes Salati to assistant VP
ENDICOTT — NBT Bank announced that it has recently promoted Patricia Salati, its Endicott branch manager, to assistant vice president. Salati has more than 40 years of experience in the financial-services business and joined NBT Bank in 2008 as branch manager of its Binghamton Northgate office. In 2013, she transferred to NBT’s Endicott office as […]
KeyCorp boosts quarterly dividend by 9 percent
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — has raised its quarterly dividend by 9 percent. The Cleveland, Ohio–based banking company announced on July 17 that that its board of directors has declared a cash dividend of 18.5 cents a share
Tompkins Financial profit declines in 2nd quarter
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently reported that its net income in the second quarter fell 12 percent to $19.4 million, or $1.27 per share, from $22.1 million, or $1.43 a share, in the year-ago period as a difficult interest-rate landscape squeezed its margins. “Though overall performance remains very good, we did see
I’m an economist, so I naturally have a fascination with data, statistics, and what we can learn from them. But the reason I find economics so interesting isn’t the numbers or the charts — it’s how they shape the everyday lives of people. And that’s the reason running a Federal Reserve Bank is such a privilege.
What is a bank’s role in community financial literacy
Financial literacy is defined as possessing the financial expertise needed to make healthy financial choices. It’s a topic that is extremely important for all ages, but often can be overlooked. As a financial institution, how can a bank contribute to the financial literacy and continued learning of its customers and its community? The need is apparent,
Pathfinder names Gordon VP, information security officer
OSWEGO — Pathfinder Bank announced it has appointed Shari Gordon as VP and information security officer. In this new role, Gordon will manage the bank’s information security program and review controls and events related to data management and cybersecurity. She will also continue to identify threats and controls to support the overall risk-management strategies of
Industrial distribution facility near Watertown sold for $630,000
PAMELIA — The 28,000-square-foot industrial distribution facility located on 3.22 acres at 25121 State Route 3 in the town of Pamelia was recently sold. Chamberlain LLC purchased the property in late April for $630,000 from MDD LLC. Christopher Clark, of Cushman & Wakefield/Pyramid Brokerage Company, exclusively marketed the property and facilitated this transaction, the real-estate
Morse Manufacturing begins new chapter in company history with move to Salina
SALINA — Nate Andrews and his father, Robert, have had “many compelling offers over the years” from other states and countries to consider relocating Morse Manufacturing. “Nowhere else can we find the quality of employee that we have standing in the back of this room right now,” Nathan (Nate) Andrews, the firm’s president, said as
Tioga Downs, FanDuel formally open sports-betting venue
NICHOLS — FanDuel Group has recently opened the company’s first retail sportsbook in New York state, located at Tioga Downs Casino Resort in Nichols in Tioga County. FanDuel’s new 2,600-square-foot, sports-betting retail location is available near the casino’s main entrance. The FanDuel Sportsbook includes eight betting windows, 27 video displays including a large video wall,
Hostory from OHA: St. Joseph’s Health Hospital-150 Years of Faithful Medical Care
The sisters had recently purchased a brick saloon and dance hall on Prospect Hill (Prospect Avenue) for $12,000 with plans to convert it into a medical facility, thereby establishing the first hospital in Onondaga County. These dedicated and ambitious women started their hospital with 15 beds and no money. One week later, on May 13,
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