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Five Star Bank parent company completes $80 million subordinated debt offering
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, announced that it has recently completed a private placement of $80 million in aggregate principal amount of fixed-to-floating rate subordinated notes (maturing in 10 years) to qualified institutional buyers and accredited institutional investors. The notes have a maturity date of Dec. […]
Casullo appointed to M&T Bank Directors Advisory Council for CNY
SYRACUSE, N.Y. — M&T Bank recently announced it has appointed David Casullo, founder and CEO of Daneli Partners, to its Directors Advisory Council for Central New York. The 11-member council meets regularly to discuss business, customer, and community impact opportunities within Central New York and provides insights to support M&T’s ongoing efforts to develop locally
Upstate nonprofits win Excellus 2025 Health Equity Innovation grant awards
Rochester–based health insurer Excellus BlueCross BlueShield says a total of 22 Upstate nonprofit organizations have received 2025 Health Equity Innovation Awards. Excellus describes the grants as an annual-funding opportunity that supports nonprofit organizations working to eliminate health disparities and improve health outcomes across upstate New York. Twenty-two nonprofit organizations in the Central New York/Southern Tier,
VIEWPOINT: Snowbirds Beware: The Ins & Outs of Nonresident Income & Estate Tax
It’s that time of year again, when snowbirds break out their suitcases and make plans to flee the Empire State for warmer weather. Anyone who has experienced New York winters can appreciate the desire to avoid the back-breaking shoveling, frozen eyelashes, and wind-burned cheeks of a typical New York January and February. While weather is
Pyramid Management Group secures loans for Albany properties
SYRACUSE, N.Y. — The owner and operator of Destiny USA in Syracuse says it has secured a new five-year, $193 million CMBS (commercial mortgage-backed security)
KeyCorp pays 4th quarter 2025 dividend in mid-December
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 3 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the fourth quarter of this year. The dividend is payable on Dec. 15, to
Adirondack Bank moves Little Falls branch to new location
LITTLE FALLS, N.Y. — Adirondack Bank on Dec. 8 formally opened the doors to its new Little Falls branch at 699 E. Main St., located at the corner across from Eastern Park and the Little Falls Public Library. It replaces the bank’s previous Little Falls branch, located about one-third of a mile down the road
Excellus announces recipients of 2025 Health Equity Innovation Awards
A total of 22 Upstate nonprofit organizations are the recipients of 2025 Health Equity Innovation Awards from Rochester–based health insurer Excellus BlueCross BlueShield. Excellus describes the grants as an annual funding opportunity that supports nonprofit organizations working to eliminate health disparities and improve health outcomes across upstate New York. Twenty-two nonprofit organizations in the Central
Community Bank appoints head of business banking credit and operations
ALBANY, N.Y. — Community Bank, N.A. announced it has hired Jeff Connolly as SVP, head of business banking credit & operations. Based in Albany, Connolly will lead Community Bank’s business-banking credit efforts. He will oversee the strategic direction and execution of credit-risk management and operational processes within the business banking division for the bank’s New
SU’s Whitman School launches Orange Business Angel Network
SYRACUSE, N.Y. — The Martin J. Whitman School of Management at Syracuse University (SU) is announcing the start of the Orange Business Angel Network (OBAN).
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