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BINGHAMTON, N.Y. — Broome County hotels had another solid month of business in December to close out a strong year. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.4 percent to 51.0 percent compared to the year-prior month. That completes a year of no declines in this key […]
Capital projects boost Oneida Nation vendor spending in ‘22
VERONA, N.Y. — The Oneida Indian Nation, through its various enterprises, increased spending with New York state vendors by more than $64 million in 2022 due to expansion and diversification efforts. The Nation expects that pattern to continue into 2023 as it undertakes several new initiatives to improve, expand, and diversify its many business enterprises.
CenterState report reveals 2023 business expectations for region
SYRACUSE, N.Y. — Nearly three-quarters of area companies surveyed (73 percent) anticipate increased sales or revenue in 2023, down 2 percent from the 2022 projections. At the same time, more than 72 percent of nearly 200 area companies surveyed expect an increase in jobs and hiring in 2023 — up 4 percent from 2022 projections.
Crockett assumes CEO title at Mower agency
SYRACUSE, N.Y. — A long-time employee of the Syracuse–based Mower agency is now serving as the company’s CEO. Mower, a marketing-communications firm, on Jan. 27 announced it named Stephanie Crockett CEO. Crockett assumes the CEO title from Eric Mower, who now becomes executive chairman of the company he has guided since 1968. Crockett was named
NBT earnings dip slightly in Q4 and full 2022 year
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB), parent company of NBT Bank, closed out a challenging year of volatile interest rates and weak stock and bond markets with a slight drop in profit for the year and final quarter. But the banking company is optimistic about the year ahead. NBT, which ranks No. 3
KeyBank Foundation makes grants for CNY workforce, community development
SYRACUSE — Le Moyne College, Jubilee Homes of Syracuse, and other nonprofit organizations will use a total of $545,000 in grant funding from the KeyBank Foundation. The foundation seeks to help the Central New York organizations in support of their workforce development and community initiatives. These grants are part of KeyBank’s $40 billion National Community
Five Star Bank expands to Syracuse with loan office
Five Star Bank’s Syracuse office will be home to a three-person commercial and industrial team led by Alison Miller, the bank’s Central New York regional president and commercial and industrial executive. It’ll also be home to a commercial real-estate banker who will report to Craig Burton, the bank’s Finger Lakes/Southern Tier regional president and commercial
Tioga State Bank adds Hoyt to commercial- lending team
SPENCER, N.Y. — Tioga State Bank recently announced the addition of Joseph Hoyt to its commercial-lending team. As a small-business lender, Hoyt works with individual businesses to help find financial solutions tailored to specific needs to help those businesses succeed. He is located at the bank’s branch on Fifth Avenue in Owego. Hoyt brings to
Burnout hitting consumer confidence, KeyBank survey finds
The KeyBank 2023 Financial Mobility Survey, released Jan. 9, finds Americans are in a “difficult” financial position as 55 percent faced financial challenges over the past year. The finding represents a “substantial” increase from the year prior (37 percent), with more than double the number of respondents saying their biggest financial faux pas involved budgeting issues
New CFO of Berkshire Bank parent begins his position
David Rosato — who served most recently as CFO of People’s United Financial, Inc., and prior to that as treasurer at Webster Financial Corporation — was set to join Berkshire on Feb. 6, as senior executive VP and CFO. In his new role, Rosato will serve as Boston–based Berkshire Hills Bancorp’s top financial leader. He
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