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New York home sales fall nearly 14 percent in October

But pending sales rise in the month ALBANY, N.Y. — New York realtors sold 9,733 previously owned homes in October, down 13.9 percent from the 11,298 existing homes they sold in the year-prior month. This marked the 26th straight month in which closed sales fell on a year-over-year basis, according to the October monthly housing […]

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Remington Firearms to close Ilion plant in March 2024

ILION, N.Y. — The company has been a staple in Ilion for more than 200 years. Almost everyone in the village of about 7,600 has a connection to Remington Arms, whether it’s working there themselves or knowing someone who did. That legacy — and the generations of families it supported — ends in Ilion when

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Generations Bank transitions to new president and CEO

SENECA FALLS, N.Y. — The woman who has led Generations Bank since the death of previous president and CEO Menzo Case in October will continue as the bank’s top executive. Generations Bank on Dec. 5 announced the appointment of Angela Krezmer as its new president and CEO, effective Nov. 27.  With the appointment, Krezmer is

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Community Bank System to pay Q4 dividend of 45 cents on Jan. 10

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 45 cents a share on its common stock for the fourth quarter. The dividend will be payable on Jan. 10, to shareholders of record as of Dec.

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Oneida County hotels see a rise in guests in October

UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) increased 3.3 percent to 68.5 percent in October from the year-ago month. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through October, occupancy was up 1.7 percent to 62.5 percent.

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Broome County hotel occupancy edges up in October

BINGHAMTON, N.Y. — Broome County hotels registered a slight rise in guests in October compared to the year-ago month, while two other business indicators posted bigger increases. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county moved up 1.4 percent to 64.9 percent in the 10th month of 2023 versus

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Onondaga County hotels saw business decline in October

SYRACUSE, N.Y. — Onondaga County hotels posted a drop in three key benchmarks of business performance in October. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county slipped 4.3 percent to 65.5 percent in the 10th month of this year compared to October 2022, according to STR, a Tennessee–based hotel

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Chemung Financial to pay Q4 dividend of 31 cents in early January

ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 31 cents a share of its common stock. The banking company will pay the dividend on Jan. 2, to shareholders of record as of the close of business on Dec. 19. At Chemung

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Lockheed’s suburban Syracuse plant wins $9M U.S. Navy order

SALINA, N.Y. — The Lockheed Martin Corp. Rotary and Mission Systems plant in the town of Salina has been awarded a nearly $9.3 million order against a previously issued basic ordering agreement from the U.S. Navy.  This order provides for the development, building, test, and delivery of seven tactical radar processing benches and two full

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Southern Tier researchers, companies lead the way to greener concrete

The average New Yorker probably doesn’t spend a lot of time thinking about recycling or about concrete — or about how those two things could possibly go together. However, a group of dedicated researchers and entrepreneurs in the Southern Tier have been thinking about all of those things — and doing something about it. Their

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