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Galaxy, IMG renew contract for broadcast rights to Syracuse University sports
SYRACUSE — Galaxy Communications, L.P., IMG College, and the Syracuse University (SU) athletic department on April 30 finalized the renewal of a five-year contract for broadcast rights to Syracuse University football, basketball, and lacrosse. It’s been a great relationship for Galaxy and all the parties involved, says Edward (Ed) Levine, president and CEO of Galaxy […]
Bonadio grows Syracuse–based internal-audit business with acquisition
SYRACUSE — The Bonadio Group’s acquisition of a Vermont accounting firm specializing in internal audits for banks will boost growth at Bonadio’s Syracuse–based internal audit team. Rochester–based Bonadio Group, which has Central New York offices in Syracuse, Geneva, and Utica, announced April 30 it would acquire Rutland, Vt.–based Independent Audit Associates (IAA) in a deal
Monroe discusses the changing service system of the health-care industry
SYRACUSE — The service system is changing in the health-care industry. That was part of the message from Ann Monroe, president of the Health Foundation of Western and Central New York, during her remarks at the HealtheConnections event entitled “Connecting for Better Health” held April 30 at the Holiday Inn Syracuse in Salina. Attendees included
Businesses brace for health-care law’s effects, take action
SYRACUSE — The national health-care reform law, which was signed into law more than three years ago, finally becomes real for most people and businesses with this fall’s open-enrollment period for 2014 health-insurance coverage. That’s because the mandate that individuals buy health insurance, or pay a penalty, goes into effect Jan. 1, 2014. Also going
Frank Berrish puts his imprint on Visions
ENDWELL — “I thought I made a mistake,” says Frank Eugene Berrish, looking back over his nearly 38-year career at Visions Federal Credit Union, which was chartered in 1965. “I left a bank with $33 million in assets to join a credit union with [only] $24 million and whose office was under the IBM cafeteria
Chemung Financial profit falls 33 percent in Q1
ELMIRA — Chemung Financial Corp., parent company of Chemung Canal Trust Co., reported that its first-quarter net income fell 33 percent to $2.4 million, or 52 cents a share, from $3.6 million, or 78 cents, in the year-ago period as both net interest and noninterest income declined. Low interest rates helped squeeze net interest margin
Community Bank profit rises almost 8 percent in Q1
DeWITT — Community Bank System, Inc. (NYSE: CBU) reported first-quarter net income of $20.2 million, up 7.5 percent from $18.8 million in the year-ago period as the banking company benefited from its previous acquisitions and also generated internal growth. Diluted earnings per share totaled 50 cents in the latest quarter, up 4.2 percent from 48
Tompkins Financial profit rises in first quarter
ITHACA — Tompkins Financial Corp. (stock ticker: TMP) reported net income of $11.5 million in the first quarter, up 47 percent from $7.8 million a year ago, boosted by last year’s acquisition of VIST Financial Corp. in Pennsylvania. Earnings per share (EPS) at Tompkins Financial totaled 79 cents in the first quarter, up 13 percent
Medical ID Theft is Definitely Not What the Doctor Ordered
Vicki Lee Blair, a 63-year-old former computer analyst from Westminster, Calif., had the surprise of her life. Blair went to a clinic seeking antidepressant medication. She said she was shocked when clinicians bombarded her with questions about a blood test in her file indicating thyroid problems and illegal drug use. She insisted the records were inaccurate,
Full text of May 1 Federal Reserve statement on monetary policy decision
Below is the full text of the much-anticipated statement the Federal Reserve issued on Wednesday, May 1, laying out its monetary-policy plans regarding its securities purchases and interest-rate targets: “Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have
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