Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Cornhill Empowerment Center plans for June 18 formal opening
UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties, Mid-Utica Neighborhood Preservation Corporation (MUNPC), and the City of Utica will celebrate the opening
SUNY Poly and AIS expand research, innovation partnership
MARCY, N.Y. — SUNY Polytechnic Institute and Assured Information Security (AIS) have signed a memorandum of agreement (MOA) marking an expansion of their partnership to
Community Financial System Q1 profit rises more than 21%
DeWITT, N.Y. — Community Financial System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently reported net income of $49.6 million, or 93 cents per share, in the first quarter, up more than 21 percent from $40.9 million, or 76 cents, in the first quarter of 2024. Increases in net interest income
Pathfinder Bancorp profit rises more than 40 percent in Q1
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3 million, or 41 cents a share, in the first quarter of this year, up nearly 43 percent from $2.1 million or 34 cents, in the first quarter of 2024. Pathfinder attributed the growth to improving operating
Berkshire Bank parent company to pay Q2 dividend of 18 cents a share in late May
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — parent company of Berkshire Bank, which has a significant presence in the Mohawk Valley region — recently announced that its board of directors has approved a quarterly cash dividend of 18 cents per common share. The dividend is payable on May 29, to shareholders of record as of
ConMed announces executive changes
ConMed Corp. (NYSE: CNMD), a surgical-device maker originally headquartered in the Utica region, recently announced some executive changes. On April 1, the company appointed Andrew Moller, 50, as principal accounting officer, according to ConMed’s Form 8-K filing with the U.S. Securities & Exchange Commission. This came after Moller had on Jan. 27 started serving in
Rome Health nears completion of $45M capital project’s phase one
ROME, N.Y. — With the installation of new signage at the Kaplan Center for Surgical Services, Rome Health announced it has reached a significant milestone in its capital project to modernize surgical services and intensive care at the facility. The newly placed signage serves as a symbol of how close the health system is to
Capital–area cybersecurity firm to move to Rome’s Innovare Center
ROME, N.Y. — A Troy-based cybersecurity startup will establish its software development and operations headquarters at the Innovare Advancement Center in Rome and join the Griffiss Institute’s incubator. The Innovare Center offers an innovation ecosystem designed to accelerate breakthroughs in national security, defense technology, and advanced cybersecurity. “By relocating to Innovare and partnering with Griffiss
Pathfinder Bank expands small biz, commercial-lending teams
OSWEGO, N.Y. — Pathfinder Bank recently announced it has added three experienced lenders in the commercial and small-business banking space: James Wright, Heather Mulhall, and Ryan Kohutanich. These new hires bring deep local market expertise and a proven track record of operational success, Pathfinder contends. They are driving business loan and deposit growth in Syracuse,
Historic Bateman Hotel building in Lowville wins NYS Historic Preservation Award
LOWVILLE, N.Y. — The state Office of Parks, Recreation and Historic Preservation recently announced that it has recognized 13 projects and individuals with 2025 New York State Historic Preservation Awards. This year’s award winners include a historic-rehabilitation project at a former North Country hotel. The Bateman Hotel building — located in Lowville, in Lewis County
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.