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Community Bank System’s Q3 profit slips 9 percent
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent of Community Bank, N.A. — reported net income of $44.1 million, or 82 cents a share, in the third quarter, down 9.4 percent from $48.7 million, or 90 cents per share, in the same quarter a year ago. The earnings dip primarily resulted from […]
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DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent of Community Bank, N.A. — reported net income of $44.1 million, or 82 cents a share, in the third quarter, down 9.4 percent from $48.7 million, or 90 cents per share, in the same quarter a year ago.
The earnings dip primarily resulted from an increase in operating expenses and a decline in net interest income, partially offset by a rise in noninterest revenue and decreases in the provision for credit losses, income taxes, and fully diluted shares outstanding, the DeWitt–based banking company said in its Oct. 24 earnings report.
Net interest income at Community Bank totaled nearly $107.8 million in this year’s third quarter, down more than 2 percent from almost $110.4 million in the third quarter of 2022. The banking company’s total noninterest revenue increased more than 3.5 percent to nearly $67.6 million the third quarter of 2023 from more than $65.2 million in the year-prior period.
“We are pleased with the revenue performance and stability of our Company although earnings results were pressured by certain elevated expenses in the quarter,” Mark E. Tryniski, president and CEO of Community Bank System, said in the banking company’s earnings report. “We believe the Company’s strong core deposit base, in combination with its strong liquidity profile, capital, asset quality and diversified revenue profile provide a solid foundation for future opportunities and growth. [Recently], we initiated a plan to optimize our retail customer service workforce. Although these actions will temporarily reduce branch-related operating expenses, we also expect to reinvest in our retail network through de novo branch expansion in new, more densely populated markets throughout our geographic footprint in the second half of 2024.”
Community Bank System is a financial-services company with total assets of $15.4 billion focused on four main business lines — banking, benefits administration, insurance services, and wealth management. Its banking subsidiary, Community Bank, N.A., is among the nation’s 100 biggest banking institutions and operates more than 200 branches across upstate New York, northeastern Pennsylvania, Vermont, and western Massachusetts.

Le Moyne College partners with Meier’s Creek Brewing for Le Moyne-themed beer
SYRACUSE, N.Y. — Le Moyne College says it has an agreement with Meier’s Creek Brewing Company for a fundraiser that involves a Le Moyne-themed beer.

AmeriCU names Wood assistant VP of strategic partnerships
ROME, N.Y. — AmeriCU Credit Union recently promoted Heather Wood to assistant VP of strategic partnerships, a role in which she will build and maintain partnerships that align with the credit union’s strategic goals. Wood brings more than 20 years of experience in the industry to the new role, where she will work with internal
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ROME, N.Y. — AmeriCU Credit Union recently promoted Heather Wood to assistant VP of strategic partnerships, a role in which she will build and maintain partnerships that align with the credit union’s strategic goals.
Wood brings more than 20 years of experience in the industry to the new role, where she will work with internal and external stakeholders to identify opportunities for collaboration, innovation, and efficiency improvement as well as cultivate and foster relationships with existing and potential partners.
She began her career at AmeriCU in 2003, when she was hired as a part-time teller. Since then, she has held various roles including member-relationship advisory, financial-center manager, and assistant VP of operations. She also has knowledge of consumer lending and bank operations.
“I have been part of the AmeriCU team for 20 years and have always enjoyed connecting with the community we serve,” Wood said in a statement. “I am looking forward to further building relationships in our newly expanded footprint. I will help to bring the best AmeriCU has to offer to our local community members and small businesses with everything from financial education to affordable banking solutions to help individuals achieve their financial goals to live life, dream big, and achieve financial success.”
Wood attended the University of Utah, Onondaga Community College, and American Institute of Banking for Business Administration, Management, and Operations.
AmeriCU is a member-owned, not-for-profit financial institution with $2.7 billion in assets. It serves more than 160,000 members from 20 financial centers.

Lockheed Martin Owego wins nearly $380M Navy order for helicopters for Spain
OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded a $379.6 million firm-fixed-price order from the U.S. Navy against a previously issued basic ordering agreement. This order provides for the production and delivery of eight MH-60R Seahawk helicopters for the government of Spain, according to an Oct. 12 contract announcement from
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OWEGO, N.Y. — Lockheed Martin Corp. (NYSE: LMT) in Owego was recently awarded a $379.6 million firm-fixed-price order from the U.S. Navy against a previously issued basic ordering agreement.
This order provides for the production and delivery of eight MH-60R Seahawk helicopters for the government of Spain, according to an Oct. 12 contract announcement from the U.S. Department of Defense.
Work will be performed in Owego (52 percent); Stratford, Connecticut (40 percent); and Troy, Alabama (8 percent), and is expected to be completed in March 2027.
Foreign-military sales customer funds totaling $379,577,128 will be obligated at the time of award — none of which will expire at the end of the current fiscal year. The Naval Air Systems Command at Patuxent River, Maryland is the contracting authority.

Laboratory Alliance appoints director of information services
SALINA, N.Y. — Laboratory Alliance of Central New York, LLC recently announced it has promoted Jim Zielinski to director of information services. A skilled information technology (IT) professional, he has more than 20 years of experience in health-care IT and an extensive background in software and systems implementation, data analysis, .NET programming, database management, DevOps
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SALINA, N.Y. — Laboratory Alliance of Central New York, LLC recently announced it has promoted Jim Zielinski to director of information services.
A skilled information technology (IT) professional, he has more than 20 years of experience in health-care IT and an extensive background in software and systems implementation, data analysis, .NET programming, database management, DevOps administration, and network administration, Laboratory Alliance said in a release. He works at the company’s corporate offices located at Electronics Business Park in the town of Salina.
Zielinski joined Laboratory Alliance in early 2023 as a programmer analyst. He holds a master’s degree in information-systems management from the University of Phoenix and has received multiple IT-related certifications throughout his career.
Laboratory Alliance says it provides computerized patient lab results at the fingertips of those directly responsible for patient care. Its information-systems team links all partners through the use of multiple commercial laboratory connectivity products.
Laboratory Alliance, now in its 25th year, provides all inpatient and outpatient clinical and anatomic pathology testing for Crouse Hospital and St. Joseph’s Health and for regional hospitals, long-term care facilities, and health-care practices in a 16-county region in Central New York. The company performs more than 10 million tests per year through its patient centers and three laboratory locations.

Drumm appointed to Herkimer College board of trustees
HERKIMER, N.Y. — Gov. Kathy Hochul has appointed Robert Drumm, of Mohawk, to the Herkimer County Community College board of trustees for a term that expires on June 30, 2027. Drumm is the CEO and board president for Mohawk Valley Ambulance Corporation in Mohawk. In this role, he assists with the annual budget, website, digital-fundraising
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HERKIMER, N.Y. — Gov. Kathy Hochul has appointed Robert Drumm, of Mohawk, to the Herkimer County Community College board of trustees for a term that expires on June 30, 2027.
Drumm is the CEO and board president for Mohawk Valley Ambulance Corporation in Mohawk. In this role, he assists with the annual budget, website, digital-fundraising platform, board records, and correspondence. He also serves as the organization’s spokesperson and point of contact and previously served as executive VP from 2015-2022.
From 2013-2015, Drumm served as chief financial officer for the SUNY Student Assembly in Albany. He also served as commissioner of elections for the Herkimer County Board of Elections from 2020-2022 and deputy commissioner from 2014-2020. Drumm also currently provides athletic support for the Herkimer Central School District.
“I look forward to welcoming Robert to the board of trustees,” Michael Stalteri, Sr., board chairman, said in a release. “I believe his experience as a leader in several organizations as well as his familiarity with the college will be valuable to his role on the board.”
Drumm received an associate degree in cybersecurity from Herkimer College in 2013. While in college, he served as president of the student government association and represented the study body on the board of trustees.
Herkimer County Community College offers certificate programs and associate degrees in art, business, communication arts, criminal justice and law, education, health care and service, liberal arts and sciences, and STEM.

Onondaga County hotels see a nearly 4 percent decline in guests in September
SYRACUSE, N.Y. — Onondaga County hotels registered a drop in occupancy in September, while two other benchmarks of business performance improved. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 3.9 percent to 66.3 percent in the ninth month of this year compared to September 2022, according to STR,
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SYRACUSE, N.Y. — Onondaga County hotels registered a drop in occupancy in September, while two other benchmarks of business performance improved.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 3.9 percent to 66.3 percent in the ninth month of this year compared to September 2022, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy was up 3.7 percent to 62.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, went up an even 3 percent to $91.63 in Onondaga County in September from a year ago. In the first nine months of 2023, RevPar was 11.9 percent higher to $80.81.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 7.2 percent to $138.29 in September versus the year-prior month. For the period between Jan. 1 and September 30 of this year, ADR was up 7.9 percent to $130.02, compared to the same period in 2022.

Johnson City BJ’s Wholesale Club opens member center
JOHNSON CITY, N.Y. — A new BJ’s Wholesale Club’s membership center is open in Oakdale Commons, 601-635 Harry L Drive, in advance of the wholesale club opening a store to shoppers early next year. The membership center gives shoppers the opportunity to purchase a founding membership through Jan. 25, 2024. Membership options start at $35.
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JOHNSON CITY, N.Y. — A new BJ’s Wholesale Club’s membership center is open in Oakdale Commons, 601-635 Harry L Drive, in advance of the wholesale club opening a store to shoppers early next year.
The membership center gives shoppers the opportunity to purchase a founding membership through Jan. 25, 2024. Membership options start at $35. Membership center hours are Monday-Saturday from 9 a.m.-7 p.m. and Sunday from 10 a.m.-6 p.m.
Once open, the roughly 100,000-square-foot warehouse shopping location will offer groceries, a full-service deli, seasonal items, home décor, electronics, apparel, and more. Members may shop in person or opt for ship-to-home, same-day delivery, curbside pickup, and in-club pickup.
The store will also have a BJ’s Gas location on site, offering discounted fuel prices to members, and a BJ’s Optical, BJ’s Travel, and an on-site tire center.
BJ’s is partnering with the Food Bank of the Southern Tier and will donate unsold produce, meat, dairy products, and more to the food bank weekly once the store opens.
A Panera Café opened in Oakdale Commons in September, and NBT Bank began construction in August on a new 2,700-square-foot branch slated to open there later this year. Dick’s House of Sport opened a 140,000-square-foot location complete with an outdoor field, climbing wall, and golf simulator in August.
Spark JC, LLC acquired the former Oakdale Mall in January 2022 and has been working to transform it into an entertainment, retail, and lifestyle hub.

Crouse Health deploys two new 3D mammography machines
SYRACUSE, N.Y. — In the health-care sector, it’s known as a digital tomosynthesis unit and more commonly referred to as a 3D mammography machine. Such a unit went online in early October at the Hadley J. Falk Breast Health Center at Crouse Hospital. The Saint Agatha Foundation provided $406,000 to help Crouse Health purchase the
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SYRACUSE, N.Y. — In the health-care sector, it’s known as a digital tomosynthesis unit and more commonly referred to as a 3D mammography machine.
Such a unit went online in early October at the Hadley J. Falk Breast Health Center at Crouse Hospital.
The Saint Agatha Foundation provided $406,000 to help Crouse Health purchase the unit, which replaced an older version of the technology that was also funded through Saint Agatha support.
Later in the month, Crouse Health says it started using a second 3D unit, purchased through a Saint Agatha Foundation grant and a matching grant from JMA Wireless.
Crouse Health Foundation, the fundraising arm of Crouse Hospital, on Oct. 25 announced the acquisition of the new units with the help of $800,000 in donations. They’re devices that “improve early breast cancer detection and save lives,” Crouse Health said.
The addition of both machines coincides with Breast Cancer Awareness Month, according to Crouse Health. They also hold special meaning to the donors as well.
“These machines are a testament to the legacy of my sister, Laurie, who was a tireless advocate for breast cancer awareness and founded Saint Agatha during her own battle with the disease,” John Mezzalingua, CEO of JMA Wireless, said in a release. “Laurie’s message to our family was clear: Early detection saves lives. We have taken her words to heart and are continuing her fight on behalf of breast cancer patients. We are proud to be able to carry on Laurie’s important work by investing in the most high-tech 3D mammography machines available to make early detection possible for more Central New Yorkers.”
Amid her own battle with breast cancer, Laurie Mezzalingua founded the Saint Agatha Foundation in 2004 to provide financial assistance to individuals fighting the disease in Central New York.
The foundation provides support, comfort, and care to uninsured and underinsured breast-cancer patients in Onondaga, Cortland, Cayuga, Madison, Oneida, Oswego, and Jefferson counties.
Led by Laurie’s mother, Kathleen Mezzalingua, since Laurie’s death in 2009, the foundation has provided more than $17 million to 10,032 men and women.
“Saint Agatha Foundation is proud to assist Crouse Hospital with the purchase of new tomosynthesis technology, providing the most advanced screening available and aiding in the earliest detection possible for those who may have breast cancer,” Kathleen Mezzalingua, board chair of the Saint Agatha Foundation, said in the release. “Earlier detection means better outcomes for treatment and that is our hope. My daughter Laurie was always appreciative of the care provided by Dr. Stephen Montgomery and team following her surgery and treatment at Crouse Hospital during her battle with breast cancer.”
About 3D mammography
The technology, digital breast tomosynthesis (DBT), uses X-rays to create 3D images of the inside of the breast, producing the “highest resolution results available and making it easier” for radiologists to spot small abnormalities — including in difficult-to-detect dense breast tissue — while using the lowest possible dose of radiation, per the Crouse Health announcement.
Research has shown that DBT can increase cancer detection rates by up to 25 percent compared to standard 2D mammography alone. It can “better pinpoint” even smaller breast calcifications, “enabling an earlier start to potentially life-saving treatment.”
The new machines made possible by JMA Wireless and the Saint Agatha Foundation also position Crouse Health to be an early adopter of the next revolution in breast cancer detection: Contrast-based imaging, per its news release.

New Energy New York project helps Binghamton become federal tech hub
VESTAL, N.Y. — A Binghamton University official says the region’s newly secured federal tech hub designation will allow the university and its partners to strengthen efforts focused on U.S. supply chains. It’ll also help in attracting startup companies to the region, creating good-paying jobs, and expanding workforce-training programs. It was Binghamton University’s New Energy New
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VESTAL, N.Y. — A Binghamton University official says the region’s newly secured federal tech hub designation will allow the university and its partners to strengthen efforts focused on U.S. supply chains.
It’ll also help in attracting startup companies to the region, creating good-paying jobs, and expanding workforce-training programs.
It was Binghamton University’s New Energy New York (NENY) project that helped the region secure the federal tech hub designation, a program that was created in the CHIPS & Science Act.
“These efforts are made possible with the expansion of the NENY’s coalition to a 68-member private-public consortium including Binghamton University, Cornell University, SUNY Broome Community College, Broome County, NY-BEST, iM3NY, The Raymond Corporation, The Agency, The Community Foundation of SCNY and the Southern Tier 8 Regional Board, among other supporting partners and external mission-aligned organizations,” Per Stromhaug, associate VP of innovation and economic development at Binghamton University, said.
Stromhaug is also serving as head of the NENY tech hub consortium. He was quoted in a news release about the announcement from the office of U.S. Senate Majority Leader Charles Schumer (D–N.Y.).
Schumer announced the designation on Oct. 23, which came on the same day that he also declared a tech-hub designation for the Buffalo-Rochester-Syracuse corridor.
Schumer’s office sees the Binghamton designation as “accelerating the Southern Tier’s emergence as America’s next battery tech hub.”
Schumer’s office cited Binghamton University as indicating the effort is projected to have billions of dollars in regional economic impact and create thousands of good-paying jobs.
Chance to pursue “significant” funding
Binghamton is now part of a group of 31 regions in the U.S. that have the opportunity to compete for “significant” federal funding to “transform Upstate NY into the core of America’s battery belt,” Schumer’s office said.
“For months you could feel the electricity and excitement in Binghamton over the growing battery industry, but today lightning has struck and I am proud to announce the region has officially won the prestigious federal designation as America’s next battery Tech Hub,” Schumer said. “Binghamton University, its partners, and I have worked hand-in-hand to bring this idea to life, and now the ultimate recognition of the Southern Tier as the home to the future of our nation’s battery innovation has become a reality.”
The NENY proposal will now be able to compete for tens of millions of dollars in federal funding in phase 2 for an implementation grant from the U.S. Economic Development Administration (EDA), which is an agency of the U.S. Department of Commerce.
Binghamton University President Harvey Stenger credited Schumer with helping New Energy New York become the nation’s battery tech hub.
“NENY’s designation as an EDA Tech Hub is a momentous day in the history of the University, the coalition, as well across the Southern Tier of New York,” Stenger said in the Schumer release. “With his designation, Binghamton and the region will only grow as global leaders in energy-storage solutions and will continue to be a driving force working towards a sustainable and secure energy future.”
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