Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Industries
Chemung Financial profit slips 30 percent in Q4
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, reported net income of nearly $1.5 million, or 32 cents per share, in the fourth quarter. That’s down 30 percent from the $2.1 million, or 46 cents a share, the banking company earned during the same quarter in 2012. Excluding […]
GPO Federal Credit Union names Mayhew to president, CEO posts
NEW HARTFORD — The board of directors of GPO Federal Credit Union (GPOFCU) in New Hartford on Tuesday announced it has selected Nicholas Mayhew to serve as president and CEO. Mayhew assumes his new role on Feb. 3. He most recently served as vice president and CFO of Rome Memorial Hospital, GPOFCU said in a
USDA awards Volney $1.7 million loan and grant for drinking-water system
VOLNEY — The U.S. Department of Agriculture (USDA) is awarding the town of Volney a loan and grant totaling $1.7 million to help bring clean drinking water to more local residents. U.S. Senators Charles Schumer (D–N.Y.) and Kirsten Gillibrand (D–N.Y.) today announced the funding from the USDA’s Water and Waste Disposal Loan and Grant program.
The Beeches: Adapting in the second hundred years
Necessity is the handmaiden of invention. — author unknown ROME — On Dec. 12, 1901, Guglielmo Marconi received the first radio signal transmitted across the Atlantic Ocean. At the same time, Frank Destito was on board a ship bound from Italy to New York City — final destination: Rome, N.Y. Destito, who was newly married,
CNY unemployment rates decline, job growth mixed
Jobless rates continue to decline across Central New York, but the region’s job-growth picture remains mixed. Unemployment rates in the Syracuse, Binghamton, Utica–Rome, and Ithaca metro areas fell by an average of more than 1 percentage point when compared to a year ago, according to the latest New York State Department of Labor data released
Oneida Savings Bank: Diversification turns sleepy bank into community powerhouse
ONEIDA — One year after the Civil War ended, residents of Oneida established the Oneida Savings Bank (OSB). Chartered in New York state, the corporation was structured as a mutual savings bank, whereby the depositors were the bank’s owners. Serving clients in Oneida and Madison counties, OSB collected deposits, paid interest, and financed residential mortgages
Solvay Bank plans new branch, technology for 2014
SOLVAY — Solvay Bank has big plans for 2014 that include a new “smart branch” in DeWitt and several new technology components that will improve the customer experience, bank officials say. The bank will soon decide on a construction firm for its DeWitt branch project and expects to break ground within the next month, says
Bank economists see stronger economic growth in 2014
This year will be a breakout year for the U.S. economy as private-sector demand accelerates and fiscal drag eases, according to the Economic Advisory Committee of the American Bankers Association (ABA). The committee, which includes 13 chief economists from among the largest banks in North America, predicts inflation-adjusted GDP growth for 2014 will be 3.0
NBT Bancorp net income rises nearly 37 percent in fourth quarter
NORWICH — NBT Bancorp Inc. (NASDAQ: NBTB) reported that its net income rose to $17.9 million, or 41 cents a share, in the fourth quarter, from $13.1 million, or 39 cents, in the year-ago period. The Norwich–based banking company boosted loan growth, improved its credit quality, and benefited from increased assets following a major acquisition
SU announces record crowd of 35,446 set for Duke game Saturday
SYRACUSE — Syracuse University (SU) announced today that it is expecting a record crowd of 35,446 for the much-awaited Duke vs. Syracuse basketball game at
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.