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SBA offers disaster loans for Upstate flood victims
The U.S. Small Business Administration (SBA) on Friday announced Upstate flood victims, including those in the Mohawk Valley, can apply for low-interest disaster loans.
Tompkins Financial names Rochon successor to board chairman in 2014
ITHACA — Tompkins Financial Corp. (NYSE: TMP) announced it has concluded a succession-planning process for Board of Directors Chairman James J. Byrnes, whose term will
PGA Championship packs an economic punch
PITTSFORD — When the world’s best golfers take to Oak Hill Country Club Aug. 5-11 for the 95th PGA Championship, they’ll be doing more than just striking a golf ball. They’ll also be packing an economic power punch. The 2013 PGA Championship will have an estimated $78 million economic impact on the great Rochester
Pinnacle grows assets 189 percent in six years
SYRACUSE — On May 22, Pinnacle Investments, LLC, announced that James A. Mirabito of Binghamton had moved his wealth-management practice to Pinnacle. “The plan is to open a Binghamton office by the third quarter of this year,” says Michael R. Gagliardi, a senior vice president for branch management with the firm. “Binghamton will be our
VIP Development Associates to buy CenterState CEO building
SYRACUSE — VIP Development Associates, Inc. (VIPDA) has agreed to purchase the 22,000-square-foot building that houses the headquarters of CenterState Corporation for Economic Opportunity (CEO) at 572 S. Salina St. in downtown Syracuse. VIPDA is buying the building from Benefit Specialists of New York, Inc., an insurance agency that’s a wholly owned subsidiary of
Gifford Foundation announces $147,000 in grants
SYRACUSE — The Gifford Foundation announced a series of grants, totaling $147,000, it has made recently to nonprofit and community groups throughout Central New York. The foundation said it awarded two types of grants: Community grants and “What If…” mini grants. Community grants focus on capacity building at nonprofits in the areas of staff
Shulman joins Gilberti firm after exiting Scolaro firm
SYRACUSE — Attorney Barry Shulman, the former president and CEO of Scolaro Shulman Cohen Fetter & Burstein, P.C. in Syracuse, has joined the Syracuse law firm of Gilberti Stinziano Heintz & Smith, P.C. He is serving of counsel with the Gilberti firm and isn’t part of the firm’s governance, he says. “I joined
Community Bank announces Pa. branch acquisition, Q2 earnings
DeWITT — Community Bank System, Inc. (NYSE: CBU) announced July 24 that it has agreed to buy eight branches in Northeast Pennsylvania from Bank of America. Under the terms of the agreement, Community Bank will acquire about $369 million in deposits at a deposit premium of 2.39 percent, as well as a small amount of
Editor’s note: The Investment Panel feature appears regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the financial markets and investments. In this issue, The Business Journal communicated with David Lemire, John Lombardo, and Ted Sarenski separately via email, asking
Berkshire Bank makes major move in Utica–Rome banking market
UTICA — Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, is about to become a major player in the Utica–Rome banking market. On July 24, the Pittsfield, Mass.–based banking company announced that it has agreed to acquire 20 retail bank branches in upstate New York from Bank of America, including 11 offices
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