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Shineman Foundation announces board changes
OSWEGO — The Richard S. Shineman Foundation recently welcomed new board members Linda Eagan and Dr. Micheal Stephens as it also bid farewell to two longstanding board members, Kathy Fenlon and Casey Raymond, who both served on the board since the inception of the foundation. “The two new board members know the greater Oswego community […]
New York milk producer prices dip nearly 3 percent from prior month
Milk prices at the producer level in New York state remained elevated in the latest month but prices moderated from previous months. New York dairy farms were paid an average of $26 per hundredweight of milk in November, down 2.6 percent from $26.70 in October, but were still 22 percent higher than the $21.30 average
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.
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
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
Visions FCU plans to build a new branch office in Oneonta
ONEONTA, N.Y. — Visions Federal Credit Union (FCU) says construction will start soon on its first branch in Oneonta. The new office will be located in the WellNow Plaza at 5001 State Highway 23, Visions said in its Jan. 30 announcement. The new office will allow individuals and businesses to conduct banking services, apply for
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