Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

KeyCorp to pay 4th quarter 2024 dividend in mid-December
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 fourth quarter of this year. The dividend is payable on Dec. 13, to […]

Excellus reaches contract agreement with FamilyCare Medical Group
DeWITT — Syracuse–based FamilyCare Medical Group, PC (FCMG) has a new network-provider contract with Excellus BlueCross BlueShield (BCBS) that goes into effect Jan. 1, 2025. The new deal will keep FCMG in the Excellus BCBS provider network, meaning Excellus BCBS members can continue to use FCMG providers as they always have, according to the Nov.

NFP acquires assets of AnchorGroup of Skaneateles
SKANEATELES — New York City–based NFP has acquired certain assets of the Skaneateles–based employee-benefits brokerage consultancy EBA Services, LLC, which did business as AnchorGroup, in a move that gives the company a stronger foothold in upstate New York. NFP, an Aon company, provides benefits, property and casualty insurance, wealth management, and retirement-plan advisory services. The

NYS fines GEICO, Travelers $11.3 million combined over data breaches
ALBANY — New York State says it will collect fines totaling $11.3 million from two auto-insurance companies for having “poor data security,” which led to the personal information of more than 120,000 New Yorkers “being compromised.” The Government Employees Insurance Company (GEICO) will pay $9.75 million in penalties and The Travelers Indemnity Company (Travelers) (NYSE:

Oswego Industries to develop VR Career Exploration program
KeyBank Foundation awards $10,000 for the effort FULTON — KeyBank Foundation has awarded Oswego Industries, Inc. a grant of $10,000 that will support its Virtual Reality (VR) Career Exploration program. Oswego Industries is a nonprofit organization dedicated to providing services to individuals with disabilities. It’s located

New York Insurance Association names Preferred Mutual Insurance CEO to board
ALBANY — The New York Insurance Association (NYIA) recently announced it has elected R. Benedikt Sander, president and CEO of Preferred Mutual Insurance Company, to its board of directors for a term running through Dec. 31, 2026. Preferred Mutual has been a member of the NYIA since 1970, and Sander has been actively involved with

Tompkins Financial names director of marketing
ITHACA — Tompkins Financial Corp. (NYSE: TMP) — parent company of Tompkins Community Bank, Tompkins Insurance Agencies, Inc., and Tompkins Financial Advisors — recently promoted Erin Freije to director of marketing. She will oversee day-to-day operations across Tompkins’ marketing communications, internal communications, product management, and customer experience units. Freije previously was the retail-loan product manager

Ask Rusty: When Should My Wife Claim SS Benefits?
Dear Rusty: I turned 64 in July and my wife turned 62 in August. My wife has not worked for about 15 years but does qualify for Social Security (SS) on her prior work record. My wife is having some physical issues and would like to not return to work. Since she is eligible to
Report: Most Central New York regions added jobs in October
The Syracuse, Utica–Rome, Watertown–Fort Drum, Binghamton, and Elmira regions all gained jobs between October 2023 and this past October. Bucking the trend, the Ithaca area lost jobs in that same period. That’s according to the latest monthly jobs report that the New York State Department of Labor (NYSDOL) issued on Nov. 14. October jobs data

Local investor group plans to buy Cazenovia College campus
CAZENOVIA — A local investor group is planning to buy the campus of Cazenovia College. The group calls itself 9 Fresh, and Village of Cazenovia Mayor Kurt Wheeler confirmed its plans for the campus in an email to CNYBJ. No expected purchase price was disclosed. The campus closed due to financial difficulties following the 2022-23
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.