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Lesko Financial Services’ new office helps firm better serve clients
VESTAL — Lesko Financial Services, Inc. has served the greater Binghamton region since 1948. Since 1998, it did so from downtown offices at 58 Chenango St. In 2022, however, the firm made a move just across the river to 400 Plaza Drive in Vestal. It still serves the greater Binghamton region but does so now […]
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VESTAL — Lesko Financial Services, Inc. has served the greater Binghamton region since 1948.
Since 1998, it did so from downtown offices at 58 Chenango St.
In 2022, however, the firm made a move just across the river to 400 Plaza Drive in Vestal. It still serves the greater Binghamton region but does so now from a location that’s easier for employees and customers, alike, to access — complete with parking, CEO Gregory Lesko says.
While Lesko notes he enjoyed having the office downtown, watching the area revitalize and grow, the reality is the former location wasn’t convenient. Parking was an issue and the office, located on the second floor, wasn’t easy for everyone to access, he says.
On top of that, the majority of Lesko’s local client base is west of Binghamton, making the new Vestal office much more convenient, he adds.
The move is just one way in which Lesko Financial Services strives to serve its customers.
“What has also helped us to grow is that one of our top priorities is client education,” Lesko says. Over the years, he has found that being educated on investing helps clients ride out the ups and downs of stock and bond markets much more easily.
“

We go over with them the history of the markets,” he says, and also explain the whys behind their investment recommendations. Agents assess a client’s investment needs and risk tolerance.
“We don’t work with models,” Lesko says. “We try to tailor everyone’s portfolios.”
That level of service and attention to detail has helped the firm grow over the years. Lesko’s grandfather Charles Lesko, Sr., started the Lesko Agency in 1948 as an insurance agency. Lesko’s father and uncle, Michael and Charles, Jr., respectively, took over the business in 1962 and began to add investment services in the late 1960s. In 1971, they renamed the business Lesko Financial Services.
Gregory Lesko first joined the firm in 1983, but spent 14 years away from the company gaining financial and legal experience outside the Southern Tier, including practicing law in Albany. He rejoined Lesko Financial Services in 2002, becoming the third generation to operate the business.
Today, Lesko Financial Services works with clients to cover “all of life’s major financial challenges” from education to buying a home to retirement, he says.
“We’ve grown into a company that has over 7,000 household clients,” Lesko notes.
The company serves clients in Binghamton and in 30 other states besides New York, has about $1 billion in assets under management, and employs 24 people. The insurance side currently makes up less than 10 percent of the company’s overall business.
Now that Lesko Financial Services has settled into its new Vestal location, Lesko says he’s looking for opportunities to become a bigger part of the community.
“We, as a priority, want to give back to our community,” he says. Lesko hopes the company can participate in the Town of Vestal’s bicentennial festivities in the coming months.
VIEWPOINT: Why Businesses and Families Are Choosing To Relocate To Binghamton
COVID-19 has changed the fabric of daily life in America, reshaping our communities and how we think about the future. The rise of remote work means people, increasingly, can live anywhere. So when it isn’t a job that drives a person’s decision on where to live, what is it? In Binghamton, we’re seeing those answers
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COVID-19 has changed the fabric of daily life in America, reshaping our communities and how we think about the future.
The rise of remote work means people, increasingly, can live anywhere.
So when it isn’t a job that drives a person’s decision on where to live, what is it?
In Binghamton, we’re seeing those answers play out. People relocating to our community are drawn by a vibrant, affordable city with a lively downtown and inviting neighborhoods.
Public and private investments are raising Binghamton’s appeal as an ideal place to live. At Binghamton’s City Hall, we’re advancing projects to make our downtown more walkable and attractive, build quality housing for people of all ages and incomes, and support the small businesses that help our city thrive. We’re also focused on the basic quality-of-life issues that drive resident satisfaction, like increased public safety, park upgrades, and new infrastructure.
Here’s a glimpse at some of those recent investments and a look at what’s on the horizon:
This spring, the City of Binghamton is putting the finishing touches on the first phase of a multi-million-dollar project to create a Downtown Arts District. Built around Artists’ Row, a part of the city known for its art galleries and monthly First Friday Art Walk, the project has transformed the area by narrowing the road, improving stormwater management, installing new sidewalks and curbs, and adding streetscape improvements like new signage, landscaping, and lighting.
The Downtown Arts District is anchored by the Forum Theatre, home to Broadway in Binghamton and the Binghamton Philharmonic Orchestra, as well as popular restaurants like 205 Dry, a 1920s style speakeasy, and Social on State, a staple on the street celebrating its 10-year anniversary this year. Shops like Old Barn Market, offering gluten-free baked goods and local meat and produce, and the Artisan Gallery, selling wares from local artists, attract people from across the area. This makes the Downtown Arts District a one-stop shop for dining, entertainment, and retail activity.
With phase one complete, we are looking ahead to phase two, which will expand the bounds of the district and encourage additional private investment in this important node for culture and entertainment.
A short walk from the Downtown Arts District is Mirabito Stadium, home of minor league baseball’s Binghamton Rumble Ponies. Fans have recently seen greats like Max Scherzer and Brett Baty — stars of the Rumble Ponies’ major-league parent, the New York Mets.
The City of Binghamton recently completed a Stadium District master plan for the area around the public ballpark and is advancing plans to reimagine the neighborhood. Design will begin soon on a road diet and improvements to make the area more pedestrian-friendly. We are seeking to realize the vision of a walkable, connected city with convenient and pleasant access to the ballpark and nearby attractions such as Amici’s, an intimate pizza and pasta restaurant, and DiRienzo Brothers Bakery, a family owned and operated deli and production bakery.
The city’s emphasis on the Stadium District is already attracting private investment, with a $24 million mixed-use Stadium Lofts housing project in the works and plans for a local food-truck festival to move adjacent to the stadium this summer.
Beyond major investments, Binghamton is also moving the needle in small but impactful ways that improve the lives of residents and visitors. Whether it be the launch of a $500,000 program to support local businesses in improving their storefronts, investments in youth sports facilities at our many beautiful parks, or a taskforce to improve downtown refuse pickup, the City of Binghamton is constantly looking to make investments that raise our community’s profile.
Part of the draw of the Greater Binghamton area has always been its central location at the intersection of major interstate highways and its proximity to several major metro areas. But now more than ever, the appeal is Binghamton itself, with everything that makes it a great place to live and work.
Mayor Jared M. Kraham was sworn into office as Binghamton’s 51st mayor — and at 30 years old, the youngest mayor in city history — on Jan. 1, 2022. He had served as deputy mayor since 2014. Contact Kraham at MayorKraham@cityofbinghamton.gov.
Vestal firm wants to help local retailers navigate shoplifting
VESTAL — Scorpion Security Products, headquartered on Jensen Road in Vestal, says it wants to make sure local retailers are aware of the tools and technologies available to stop shoplifters. “Alongside rising retail prices and recession fears, shoplifting incidents are also increasing,” the firm said in a recent news release. Scorpion says shoplifters have stolen
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VESTAL — Scorpion Security Products, headquartered on Jensen Road in Vestal, says it wants to make sure local retailers are aware of the tools and technologies available to stop shoplifters.
“Alongside rising retail prices and recession fears, shoplifting incidents are also increasing,” the firm said in a recent news release.
Scorpion says shoplifters have stolen “several hundred to several thousand” dollars’ worth of merchandise from retailers like Walmart, Target, Lowe’s, Weis, Walgreens and CVS stores across the Southern Tier “in recent months.”
Scorpion Security Products says it specializes in mechanical retail-display security and has working relationships with more than 2,200 retailers across the globe. Scorpion’s products secure everything from smartphones to baby formula, the company noted.
“We’re securing every type of hand-held electronic device out there now in many different retailers. But from demand from some of our customers over the years, we’re now expanding our offering[s] into many different verticals,” Pete Gulick, president and CEO of Scorpion, said in a video on the firm’s website.
Scorpion’s mission is to eliminate retail theft without “obstructing customers’ shopping experience.” The company designs mechanical retail-display devices to secure electronics, power tools, golf clubs, wine and liquor, baby formula and other merchandise.
“Our patented technology lets sales associates focus on their customers, and customers focus on the products in front of them,” Annie Bensley, company VP, said. “Retailers worldwide trust Scorpion to adapt quickly to not only the latest digital devices hitting the market, but also shoplifters’ latest tactics.”
Scorpion says it’s had to stay at the forefront of developing technology to combat the effects of organized retail crime (ORC), citing recent trends in retail crime. Since 2020, stories of “smash and grabs” and “flash robs” have made headlines as groups of people swiped tools, handbags and smartphones in bulk, the company said.
The firm also cites data from the National Retail Federation that indicates shrink represented $94.5 billion in losses in 2021, up from $90.8 billion the year prior. Shrink is the loss of inventory caused by various factors, such as shoplifting, employee theft, vendor fraud, administrative errors, and operational loss.
On average, retailers have seen a 26.5 increase in ORC incidents since 2021, with 80 percent reporting an increase in violence and aggression.

Serenity Tower project proposal adds more apartments
ENDICOTT — Atlas James Construction & Fabrication pushed back the spring groundbreaking for its proposed $30 million Serenity Tower project planned near the intersection of

Lesko Financial Services adds Barber as financial advisor
VESTAL — Lesko Financial Services, Inc. recently announced that RJ Barber has joined the firm as a financial advisor. Barber comes to Lesko Financial after 15 years with Visions Investment Services, where he led the Barber Porter Group. “RJ Barber is a prominent, local wealth management advisor, bringing more than 20 years of experience in
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VESTAL — Lesko Financial Services, Inc. recently announced that RJ Barber has joined the firm as a financial advisor.
Barber comes to Lesko Financial after 15 years with Visions Investment Services, where he led the Barber Porter Group.
“RJ Barber is a prominent, local wealth management advisor, bringing more than 20 years of experience in financial planning as well as a track record of commitment to our community. Clients will appreciate his analytical skills and insights, along with rigorous planning and personalized service. We are delighted that he has joined the Lesko Financial team,” Lesko Financial Services CEO/General Securities Principal Greg Lesko said,
Barber is the director of the Binghamton Investment Fund & Zurack Trading Room at Binghamton University School of Management. He is a graduate of Suffolk University and SUNY Broome and is a life-long resident of the Triple Cities.
Lesko Financial Services, providing independent financial products and services since 1948, has about $1 billion of client assets under management.

Oneida Health searches for next president and CEO; interim CEO named
Oneida Health says CFO Jeremiah Sweet will be serving as its interim president and CEO, effective Thursday. Sweet will retain his authority as CFO during

Herkimer College mourns passing of founding president McLaughlin
Throughout his 20 years at the college, he initiated and oversaw the development of academic programs, student services, and institutional facilities. The college center was

Syracuse football kickoff times, broadcast details for selected games announced
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Ride for Missing Children set for Friday
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Boyce Thompson Institute appoints its first female president
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Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.