Nonprofits can apply for Excellus Health Equity Innovation Awards

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DeWITT, N.Y. — Excellus BlueCross BlueShield is accepting applications for its 2024 Health Equity Innovation Awards. The award grants provide funding to community-based organizations to

Syracuse Fire Department awarded nearly $7.6 million to hire up to 20 new firefighters

Employee Benefits & Human Resources, Featured, Law, Accounting & Taxes, New York News, Nonprofits, Subscriber Only

SYRACUSE, N.Y. — The Syracuse Fire Department will use a federal grant of nearly $7.6 million to hire up to 20 new firefighters. The FEMA grant is the largest the department has ever been awarded, U.S. Senate Majority Leader Chuck Schumer (D–N.Y.) and U.S. Senator Kirsten Gillibrand (D–N.Y.) said in their Thursday announcement. The funding

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Work to begin on Madison County fiber-network installation

Mohawk Valley, Construction, Design & Real Estate, Manufacturing & Engineering, New York News, Sports, Entertainment & Tourism, Technology

WAMPSVILLE, N.Y. — Work crews on the Madison County Connect project will begin installing the fiber network on Monday, Sept. 9 as the county partners

Broome County breaks ground on crime victim memorial in Endicott

Law, Accounting & Taxes, Construction, Design & Real Estate, Featured, New York News, Nonprofits, Southern Tier, Subscriber Only

ENDICOTT, N.Y. — Broome County broke ground on Wednesday, Sept. 4 on the Crime Victims Memorial at Roundtop Park in Endicott. The project was spearheaded by Schyler Savage, who lost his mother to an act of crime and sought, through his Eagle Scout service project, to create a space where the community can honor those

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Trevor Garlock

People on the Move

Ripley, Garlock & Associates, a Central New York financial-services provider, announced that Trevor Garlock has been recognized by Forbes as “Top Next Gen Wealth Advisor.”

Mojitos Mexican Grill opens at Destiny USA

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SYRACUSE — Mojitos Mexican Grill recently opened a new restaurant at Destiny USA in Syracuse. The eatery, located on level 1 of the Canyon area of Destiny, celebrated its grand opening with a ribbon-cutting event on Aug. 26. It also ran a grand-opening promotion from Aug. 26-30. Mojitos Mexican Grill features a menu including fresh

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City of Syracuse appoints executive deputy chief of fire

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SYRACUSE — Syracuse Mayor Ben Walsh and Syracuse Chief of Fire Michael Monds recently announced the appointment of 27-year veteran Elton Davis to executive deputy chief of fire. This new leadership role for Davis includes planning, organizing, and providing oversight to firefighting and administrative operations in all facets of the Syracuse Fire Department. Chief Davis

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Dean Ripley

People on the Move

Ripley, Garlock & Associates, a Central New York financial-services provider, announced that Dean Ripley has been recognized by Forbes for his outstanding contributions to the

Pathfinder Bancorp’s profit nearly unchanged in Q2

Banks & Credit Unions, Subscriber Only

OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $2 million, or 32 cents a share, in this year’s second quarter, compared to $1.98 million, or 32 cents, in the second quarter of 2023. The banking company’s total revenue (net interest income, before provision for credit losses,

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The banking company’s total revenue (net interest income, before provision for credit losses, and total noninterest income) in the second quarter of 2024 totaled $10.7 million. That was down by $128,000, or 1.2 percent, from the same quarter last year, according to Pathfinder’s July 29 earnings report.

Pathfinder Bancorp reported net interest income of $9.5 million in the second quarter, down by $252,000, or 2.6 percent, from the year-earlier earnings period. The banking company produced non-interest income of $1.2 million in the latest quarter, up by $124,000, or 11.4 percent, from the second quarter of 2023 — driven by various fees associated with the bank’s loan and deposit accounts.

Pathfinder reported non-interest expense of $7.9 million in this year’s second quarter, an increase of $734,000, or 10.2 percent, from the same quarter a year prior, due primarily to increases in salaries and benefits and professional and other services.

“Our outlook remains positive, bolstered by the recent acquisition of the East Syracuse branch completed [recently], strategically strengthening Pathfinder’s presence in Central New York. This region is positioned for outstanding economic growth through significant public and private investments in the semiconductor industry and its supporting infrastructure,” Pathfinder Bancorp President and CEO James A. Dowd said in the earnings report. “With $186 million in deposits and $30 million in loans, the branch acquisition is designed to improve our liquidity profile and earnings, while enhancing our ability to serve the community in this dynamic market. We are also pleased with the improvement in net interest margin, which has modestly expanded for two consecutive quarters in what continues to be an unprecedented interest rate environment.”

Pathfinder Bank is a New York State-chartered commercial bank headquartered in Oswego that has 11 full-service offices located in its market areas consisting of Oswego and Onondaga counties, and one limited purpose office in Oneida County.

Griffiss Institute appoints general counsel and secretary to the board

Law, Accounting & Taxes, Mohawk Valley, Subscriber Only

ROME — The Griffiss Institute has recently appointed Dean Korsak as its new general counsel and secretary to the board of directors. He brings extensive experience as a recently retired military officer and supervisory attorney, with a strong background in technology and global operations. In his new role, Korsak will oversee the legal affairs of

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ROME — The Griffiss Institute has recently appointed Dean Korsak as its new general counsel and secretary to the board of directors.

He brings extensive experience as a recently retired military officer and supervisory attorney, with a strong background in technology and global operations. In his new role, Korsak will oversee the legal affairs of the Griffiss Institute and support the board of directors in all aspects of corporate governance, the Rome–based organization said in an Aug. 28 news release.

Korsak joins the Griffiss Institute from his previous role as the legal director and staff judge advocate at the Air Force Research Laboratory in Rome. His career highlights include empowering teams to deploy advanced-technology systems, guiding major federal-facilities projects, and advising on data privacy, combat operations, nuclear facilities, and missile-defense architecture.

Korsak’s appointment is expected to have a significant impact on the Griffiss Institute. With his deep understanding of legal and regulatory matters, he will enhance the institute’s ability to navigate complex legal landscapes, ensure compliance, and implement best practices in corporate governance, the organization contends. His leadership will also bolster the institute’s capacity to support innovative research and development projects, fostering collaboration among government, academia, and industry partners.

Korsak holds a Master of Laws degree from Columbia Law School, a Juris Doctor degree from Mississippi College School of Law, and a bachelor’s degree from Liberty University. He has also completed various professional military education programs, including the Air War College and Nuclear Weapons Incident Response certification.

The Griffiss Institute is a STEM talent and technology accelerator for the U.S. Department of Defense, which has served the Air Force Research Laboratory Information Directorate (AFRL/RI) since 2002. It operates a collaborative space called the Innovare Advancement Center.

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