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Tompkins Financial to pay Q3 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced that its board of directors has approved payment of a regular quarterly cash dividend of 57 cents a share for the third quarter. The dividend is payable on Aug. 12, to common shareholders of record on Aug. 2. It is the same amount that the Ithaca–based […]
sfcu cuts ribbon on newest branch, makes plans for more locations
SIDNEY, N.Y. — With many new projects and initiatives underway, Sidney Federal Credit Union (sfcu) took time out recently to celebrate the grand opening of its Amsterdam branch, which opened in the fall of 2021 during the pandemic. CEO Jim Reynolds calls the branch the next evolution in personal banking. Instead of the traditional teller
NBT Bancorp profit dips slightly in Q2
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) reported that its second-quarter net income dropped to $37.8 million, or 88 cents a share, from $40.3 million, or 92 cents per share, in the year-ago quarter. Net interest income recognized in this year’s second quarter from the federal Paycheck Protection Program (PPP) was about $1.3 million,
BAE Systems in Endicott wins $92M U.S. Air Force contract for F-16 technology upgrades for Taiwan
ENDICOTT, N.Y. — BAE Systems has been awarded a $92 million U.S. Air Force contract to modify the F-16 Hybrid Flight Control Computer to digital capability. Work will be performed in BAE’s Endicott facility and is expected to be complete by June 20, 2027, according to a July 21 contract announcement from the U.S. Department
CNY closed home sales dip nearly 9 percent in June, pending sales fall more than 33 percent
SYRACUSE, N.Y. — Realtors in a six-county region of Central New York closed on the sale of 783 homes in June, down 8.5 percent from the 856 homes they sold in the year-prior month. That’s according to the latest housing-market report released by the Greater Syracuse Association of Realtors (GSAR) on July 20. However, pending
Chemung Canal Trust adds account for the underserved
ELMIRA, N.Y. — Chemung Canal Trust Company recently added a new checking product aimed at people who don’t currently utilize a bank or credit union. Referred to as “unbanked” or “underbanked,” these people do not use a financial institution for a variety of reasons, says Scott Heffner, senior VP and director of marketing at Chemung
Oneida County hotels post 12 percent rise in occupancy in June
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) increased 12.1 percent to 67.5 percent in June compared to the year-prior month. That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Through the first six months of the year, occupancy in the
People news: Chimera Integrations promotes O’Donnell to sales manager
CICERO, N.Y. — Commercial security systems and communications technology integrator Chimera Integrations has promoted Ryan O’Donnell to sales manager. O’Donnell joined the company in June
ConMed reports net loss despite sales gain in the second quarter
In spite of increased sales, the company reported a net loss of $168.3 million for the quarter, compared with net income of $13.3 million a
Planned wastewater-pumping station to support two Cayuga County dairy-processing plants
AUBURN, N.Y. — The Cayuga County Industrial Development Agency (CCIDA) will use a federal grant of more than $1 million to help construct a new
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