Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

SUNY Oswego to use Novelis donation for scholarships
OSWEGO, N.Y. — SUNY Oswego will use a $150,000 donation from Novelis to endow two scholarships for students in financial need. Atlanta, Georgia–based Novelis is

People news: ANCA hires new clean energy program director
SARANAC LAKE, N.Y. — The Adirondack North Country Association (ANCA) announced it has hired a new clean energy program director. Jill Henck will lead the

New York egg production drops nearly 2 percent in October
New York farms produced 148.4 million eggs in October, down 1.9 percent from 151.3 million eggs in the year-ago month, the USDA’s National Agricultural Statistics

PSC approves transfer of Scriba, Wayne County power plants to new owner
SCRIBA, N.Y. — The Nine Mile Point and James A. FitzPatrick nuclear-power plants in Scriba will soon have a new owner. The New York State

Syracuse athletics to end food, alcohol sales at Dome due to COVID
SYRACUSE, N.Y. — If you plan to attend a basketball game at the Carrier Dome soon, you can forget about getting a beer and a

Syracuse University, NYS to expand COVID-19 surveillance in wastewater
SYRACUSE, N.Y. — Syracuse University and the New York State Department of Health are partnering on an effort to study wastewater for COVID-19. Wastewater surveillance

KeyBank acquires payments company
KeyBank National Association last month announced that it has acquired XUP Payments, a B2B-focused digital-payments platform. KeyBank, a unit of Cleveland, Ohio–based KeyCorp, ranks No. 2 in deposit market share in the 16-county Central New York region. The bank says Charlotte, N.C.–based XUP’s technology “enables simple, intuitive, client onboarding and servicing experiences.” XUP has integrated
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KeyBank National Association last month announced that it has acquired XUP Payments, a B2B-focused digital-payments platform.
KeyBank, a unit of Cleveland, Ohio–based KeyCorp, ranks No. 2 in deposit market share in the 16-county Central New York region.
The bank says Charlotte, N.C.–based XUP’s technology “enables simple, intuitive, client onboarding and servicing experiences.” XUP has integrated its technology with processors, 3rd-party risk tools, customer-relationship management systems, and other fintech services.
Key says it was an early investor in XUP and notes that this acquisition follows a partnership between the two companies that “transformed” Key’s merchant payments capabilities.
KeyBank did not disclose any transaction terms in its Nov. 22 acquisition announcement.
The bank plans to leverage XUP Payments’ technology to enhance the experience across its commercial product line and advance Key’s broader “embedded banking strategy.” The acquisition is the latest in a series of Key alliances with fintech companies to offer improved payments and banking services to bank clients.
Earlier this year, Key acquired AQN Strategies to enhance its data-analytics capabilities, and in 2019, it purchased Laurel Road’s digital student-loan refinance platform. Previously, Key formed strategic partnerships with AvidXchange, BillTrust, and Bill.com among others, to boost its fintech offerings for clients and prospects.
“We’ve long embraced the software innovation that’s sweeping through the financial services industry, and the acquisition of XUP allows us to continue to be a leader in this space,” Ken Gavrity, head of enterprise payments & analytics at KeyBank, contended in a release. “XUP’s highly experienced team has accelerated us on the journey to build connectivity across our systems, our partners, and our customers, to make it easy to do business with Key.”
KeyBank’s roots trace back nearly 200 years to Albany. It has a network of about 1,000 branches and 1,300 ATMs in 15 states.

Arctic Bear Heating, Plumbing, Air & Water Treatment moves to Vestal
VESTAL, N.Y. — Arctic Bear Heating, Plumbing, Air & Water Treatment recently moved its headquarters to Vestal after outgrowing its previous space in the town of Union. Arctic Bear is now located in a 6,500-square-foot space at 612 Vestal Pkwy W., which was previously used for a marble distribution facility and then stood vacant for
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VESTAL, N.Y. — Arctic Bear Heating, Plumbing, Air & Water Treatment recently moved its headquarters to Vestal after outgrowing its previous space in the town of Union.
Arctic Bear is now located in a 6,500-square-foot space at 612 Vestal Pkwy W., which was previously used for a marble distribution facility and then stood vacant for several years.
As the business continues to grow and to serve more of Broome County’s residents, the new, larger location will allow for continued expansion and the offering of additional services, Arctic Bear said in a news release.
The company had previously occupied 1,000 square feet at the address of 213 S. Kelly Ave., Endicott (town of Union).
Arctic Bear and the Greater Binghamton Chamber of Commerce held a ribbon cutting on Dec. 15 to “break in the new location, and to highlight the opportunity for small businesses to continue expanding in Broome County,” per the release.
Arctic Bear offers heating, cooling, water treatment, and plumbing services to the Greater Binghamton area and beyond.

M&T Bank to pay increased quarterly dividend for Q4 on Dec. 31
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter. The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter. M&T Bank will pay
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M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock for the fourth quarter.
The dividend is up 10 cents, or 9 percent, from the $1.10 per share that the banking company paid shareholders in the third quarter.
M&T Bank will pay the new dividend on Dec. 31, to shareholders of record at the close of business on Nov. 30.
M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking subsidiary, M&T Bank, operates branches in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
M&T Bank has about 45 branches and employs about 450 people in its Central New York region, which covers Onondaga, Cayuga, Seneca, Oswego, Jefferson, Lewis, Madison, Oneida, and Herkimer counties. Its regional headquarters is located at 250 South Clinton St. in downtown Syracuse.

Samadhi Yoga Syracuse sees growth since March opening
LIVERPOOL, N.Y. — When Samadhi Yoga Syracuse opened at 101 1st St. in the village of Liverpool in March 2021, owner Bridgette Maney had just two people come to the studio’s first class. On a recent Sunday she looked out her office window and saw 15. “I just can’t say enough about the area and
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LIVERPOOL, N.Y. — When Samadhi Yoga Syracuse opened at 101 1st St. in the village of Liverpool in March 2021, owner Bridgette Maney had just two people come to the studio’s first class. On a recent Sunday she looked out her office window and saw 15.
“I just can’t say enough about the area and the people of Central New York,” she says in an interview with CNYBJ about the support she has received. “They’ve been my biggest cheerleader.”
Originally from the Binghamton area, Maney returned to CNY at the start of the COVID-19 pandemic to help her sister — Maureen Maney, a partner at personal-injury law firm Greene Reid & Pomeroy, PLLC — in Liverpool with her son after schools went remote.
Bridgette had been living in New York City and continues to work remotely as a publicist for ABC — working on shows such as “American Idol”, “Jeopardy!”, and “The Conners” — and at Robin Roberts’ Rock n’ Robin Productions. She has also worked on “Good Morning America” and on the final season of “The Oprah Winfrey Show.” Now, though, Maney is a full-time Liverpool resident and happy to be here.
“I showed up with a backpack, I thought I’d be here for three weeks,” Maney quips. That was in the spring of 2020. She had been practicing yoga for 20 years and had private clients in New York City. So when she saw the “For Rent” sign at the 2,500-square-foot space at 101 1st St. in the village of Liverpool — a space her sister told her had formerly been a yoga studio — Maney says she “took a leap of faith”.
Maney’s background in PR helped her with the launch of Samadhi Yoga, but she says many of her outreach programs — like free classes in Washington Park through the summer months — were motivated more by “[feeling] really strongly about making yoga accessible to anyone who wants to try it.”
Maney says it was difficult to grow her business at first thanks to COVID-19-related occupancy restrictions. But after adding the neighboring unit for more studio space and offering virtual sessions, she says she’s been able to grow the studio’s client base, which has been “very exciting.” She adds that most members are now coming to classes in-person, of course following applicable state and local guidance on masks and other safety measures.
While Maney is the only employee at Samadhi, four other instructors host classes and sessions including vinyasa and gentle yoga, as well as massage therapy, astrology and tarot-card readings, and Reiki, a Japanese hands-on healing technique. In vinyasa-style yoga, students flow from one pose to the next in a more movement-intensive class than gentle yoga, which according to the Samadhi Facebook page is “focus[ed] on breath and stretching.”
Maney and the Samadhi instructors have been working to develop new classes and programs like meditation and sound journeys. Samadhi also held a “holiday pop-up shop” on Dec. 12, when studio members with side businesses — ranging from photography to jewelry to candle making — set up temporary shops inside the studio. The event was free for vendors and open to the public.
Programs like the pop-up shop and yoga in the park stem from Maney’s deep appreciation for the local community. “I’m just so thrilled to be in Central New York, and I’m just blown away by the support,” she says, adding, “we plan to be here for a very long time.”
Classes at Samadhi Yoga Syracuse run every day of the week except Tuesday. Yoga classes are $15 each. according to its website, but class bundles as well as monthly and yearly memberships are available. A one-year unlimited membership costs $80 per month.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.