Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Decker School of Nursing receives training grant
VESTAL — The Decker School of Nursing at Binghamton University received a two-year, $757,000 grant from the U.S. Department of Health and Human Services Health
American College of Surgeons’ New York chapter elects CNY doctor as president
SYRACUSE — A thoracic surgeon with posts at Syracuse’s Upstate University Hospital and Crouse Hospital has been elected president of the New York chapter of
SUNY Potsdam president to step down
POTSDAM — The president of the State University of New York (SUNY) Potsdam said Tuesday he will step down in July. John Schwaller will leave
ESF to host research competition
SYRACUSE — The State University of New York College of Environmental Science and Forestry (ESF) will host a competition in December to identify outstanding research
OSWEGO — The Nine Mile Point Nuclear Station in Oswego has a new leader. Constellation Energy Nuclear Group (CENG) announced yesterday that Christopher Costanzo will
Vestal law firm opens two new offices
VESTAL — Levene Gouldin & Thompson, LLP has opened two new law offices — one at 121 Buffalo St. in Ithaca and one at 140
CenterState Chamber Alliance gains new member
SYRACUSE — The Cayuga County Chamber of Commerce is the newest member of the CenterState Chamber Alliance. Syracuse–based CenterState CEO and the Mohawk Valley Chamber of Commerce launched the alliance in June. The partnership allows members of each group access to services and benefits across all three organizations. That includes networking programs, education and training
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SYRACUSE — The Cayuga County Chamber of Commerce is the newest member of the CenterState Chamber Alliance.
Syracuse–based CenterState CEO and the Mohawk Valley Chamber of Commerce launched the alliance in June. The partnership allows members of each group access to services and benefits across all three organizations.
That includes networking programs, education and training sessions, and member discounts. The three groups remain independent with their own local identities, management teams, board control, member relations efforts, and services
In addition to cross-promoting events, the three groups will work together on advocacy.
“This new partnership is a natural progression of Cayuga County’s strong history of collaborating with partners throughout CenterState New York,” Andrew Fish, executive director of the Cayuga County Chamber of Commerce, said in a news release. “We understand the importance of thinking and working regionally and know our members will see significant benefits from our joining this alliance.”
The Cayuga chamber has more than 400 members while CenterState has 2,000 and the Mohawk Valley Chamber has 900.
“With the support of the Mohawk Valley Chamber and now the Cayuga County Chamber this alliance is bringing together the business community on a regional level,” CenterState CEO President Robert Simpson said in the release. “Through our collaborative efforts we are able to effectively deliver an amplified voice and the benefits needed most by our members.”
Contact Tampone at ktampone@cnybj.com
First Niagara to open new mortgage center in Syracuse
SYRACUSE — Increased mortgage volumes are pushing First Niagara Financial Group, Inc. (NASDAQ: FNFG) to open a new mortgage processing center in Syracuse. Mortgage originations are up more than 66 percent over the past year at Buffalo–based First Niagara. The processing center in Syracuse will join others in Buffalo and New Haven, Conn. and will
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SYRACUSE — Increased mortgage volumes are pushing First Niagara Financial Group, Inc. (NASDAQ: FNFG) to open a new mortgage processing center in Syracuse.
Mortgage originations are up more than 66 percent over the past year at Buffalo–based First Niagara. The processing center in Syracuse will join others in Buffalo and New Haven, Conn. and will serve customers in First Niagara’s Central and Eastern New York regions.
“Obviously we’ve grown significantly in Central New York over the past 12 months with the HSBC acquisition,” says David Kavney, market executive for Central New York. “We’ve seen a significant increase in our residential mortgage business here in Central New York and across Upstate.”
Adding the center will create 25 new jobs at the bank. The center will be located in downtown Syracuse at 333 W. Washington St., where First Niagara already has a branch.
The 6,700-square-foot space was occupied previously by HSBC, but left vacant when the bank relocated remaining staff members following First Niagara’s acquisition earlier this year of the HSBC branch network in upstate New York.
The site will handle underwriting for loans once customers submit their applications, according to First Niagara. It will also set up loan closings.
And while already increasing mortgage volumes sparked the need for the new center, the site will also help the bank continue to grow lending in the future, says Tom Faughnan, senior vice president at First Niagara.
“I think number one, it gives us the ability to maintain and provide a great level of service,” he says. “But we also intend to fully leverage [the center] to increase that volume.”
The center will be up and running by Dec. 1, Kavney says. First Niagara already has about five of its staff members in place and expects to add another five in a week or so.
The goal is to be fully staffed by January or February, Kavney says.
The staff at the mortgage center will be new hires to the bank, Faughnan notes.
“One of the strategic opportunities we have here is that there’s a lot of good mortgage talent in the Central New York market and we want to be able to take advantage of that,” he says.
First Niagara has 49 branches and about 500 employees in its Central New York region, which stretches from the North Country to Binghamton and Auburn to the Utica-Rome area.
First Niagara has 430 branches, $36 billion in assets, and 6,000 employees in upstate New York, Pennsylvania, Connecticut, and Massachusetts.
First Niagara Bank is number four in the Syracuse metro area deposit market with 21 branches, more than $808 million in deposits, and a deposit market share of more than 7.5 percent, according to the latest statistics from the Federal Deposit Insurance Corp. First Niagara is also number four in the Utica–Rome market with nine branches, $405.9 million in deposits, and a market share of about 11 percent.
The bank is number two in the Binghamton market with 10 branches, $342.5 million in deposits, and a market share of 12.8 percent.
Mooney Marketing Group (MMG) is growing exponentially
SYRACUSE — The Mooney Marketing Group (MMG) has operated under the radar since its incorporation in July 2009. No longer. Revenues are growing exponentially and so is the organization. MMG is a marketing/communications company providing advertising and collateral material, media strategy and placement, sales promotions and sponsorships, public relations, event management, and political/issue advertising. The
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SYRACUSE — The Mooney Marketing Group (MMG) has operated under the radar since its incorporation in July 2009. No longer. Revenues are growing exponentially and so is the organization.
MMG is a marketing/communications company providing advertising and collateral material, media strategy and placement, sales promotions and sponsorships, public relations, event management, and political/issue advertising. The firm’s mantra is: “We’ll manage your marketing while you manage your business.”
Headquartered in about 1,250 square feet at 247 W. Fayette St. in downtown Syracuse, MMG posted $1 million in revenue in 2010, $2 million in 2011, and $4 million in 2012. Patrick Mooney, the firm’s president and sole stockholder, says “… my goal is $6 million next year.” Mooney is looking for at least 2,500 square feet of space to accommodate the growth to 10 employees.
MMG currently works with a number of accounts, including Empower Federal Credit Union, McLane Company, the Alliance of Automobile Manufacturers, Honda City, Roma Tile, Jenny Craig, and Upstate Medical University. Mooney says that “70 percent of our accounts are located in Upstate with the remainder scattered around the country.” MMG is now working on projects for national associations because of referrals from Ann Marie Buerkle’s Congressional campaigns, which MMG helped to plan.
MMG’s staff includes Mooney as president, Bret Burghdurf as operations manager, and Brian DeJoseph in the role of media coordinator. Dennis Brogan (a.k.a. The Dome Ranger) is the director of brand development, Paul Rolince oversees a real-estate magazine published by the company, and Bob Clary handles the online/digital media.
MMG was originally set up as an LLC, but Mooney converted this year to a sub-S status with the help of Scrimale & Scrimale, CPAs in Solvay and James W. Cunningham at the law firm of Smith, Sovick, Kendrick & Sugnet, P.C. in Syracuse.
Mooney is a Syracuse native who attended Bishop Ludden High School in Geddes. He then matriculated at Syracuse University, earning a bachelor’s degree in political science/business administration from the Maxwell School in 1993. He launched his career with WTVH-5 and WSYT Fox 68, selling media advertising for five years before joining Clear Channel Radio Syracuse in sales. In his mid-30s, he felt frustrated being limited to serving his clients only through a single media source. He also recognized that the “middle market” in this region was not being well served by existing advertising agencies.
Although he had never owned a business, Mooney says he was confident he could create a successful agency by focusing his experience on the middle-market niche and by leveraging the relationships he had established. The recent recession was the impetus to launch his start-up, utilizing his own savings to bankroll the business.
Driven by an ethic to under-promise and over-deliver, he spends most of the day visiting with clients to see that MMG is producing results. “I’m doing well if my customers are doing well,” says Mooney.
At age 41, Mooney stresses a daily focus to educate himself and his clients not only about traditional media but also the world of social/digital media. While admiring technology and what it can deliver, he describes himself as “old school, interested in the human element of each relationship.”
Mooney is married with three children and lives on Onondaga Hill. While consumed by the daily pressures of client service and of running a business, he admits to finding some time for golf. Besides focusing on developing his business, he has set a goal to reduce his current 14 handicap.
Mooney now has the best of both worlds: he has blended his entrepreneurial spirit with his passion for politics.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.