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Elmira Savings Bank pays dividend of 15 cents a share
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) paid its shareholders a quarterly cash dividend of 15 cents per share on its common stock on Sept. 10. The dividend, which was payable to shareholders of record on Sept. 2, yields about 4.5 percent on an annual basis, at the banking company’s current stock price. Elmira Savings […]
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ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) paid its shareholders a quarterly cash dividend of 15 cents per share on its common stock on Sept. 10.
The dividend, which was payable to shareholders of record on Sept. 2, yields about 4.5 percent on an annual basis, at the banking company’s current stock price.
Elmira Savings Bank, with $653.1 million in total assets, is an Elmira–based state-chartered bank with five branches in Chemung County, three in Tompkins County, two in Steuben County, one branch each in Cayuga County and Schuyler County, and a loan center in Broome County.
Elmira Savings Bank recently reported that its net income jumped 54 percent in the second quarter to just over $1.4 million from $909,000 in the year-ago period. This net increase resulted from a rise in net-interest income of $203,000, a decrease in noninterest expense of $181,000, and drop in the provision for loan losses of $575,000. That was partially offset by a decrease in noninterest income of $301,000 and a rise in tax expense of $165,000, Elmira Savings Bank said.
The banking company said its earnings per share rose to 40 cents in the latest quarter, up 54 percent from 26 cents a share in the second quarter of 2020. Thomas M. Carr is president and CEO of Elmira Savings Bank.

UC’s Young Scholars Liberty Partnerships program gets boost
UTICA, N.Y. — Utica College says it will use a $1 million donation to “enhance and grow” the Young Scholars Liberty Partnerships program (YSLPP), which seeks to help “diverse and talented students with potential.” John Sammon, the founder and chairman emeritus of PAR Technology, and his wife, Deanna Sammon, made the donation. The Sammons established
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UTICA, N.Y. — Utica College says it will use a $1 million donation to “enhance and grow” the Young Scholars Liberty Partnerships program (YSLPP), which seeks to help “diverse and talented students with potential.”
John Sammon, the founder and chairman emeritus of PAR Technology, and his wife, Deanna Sammon, made the donation.
The Sammons established a fund through the Community Foundation of Herkimer and Oneida Counties. The fund is called the John and Deanna Sammon Fund for Young Scholars Liberty Partnerships Program and it will “provide support for years to come,” per a foundation news release.
YSLPP was established in 1993 with Utica College and the Utica City School District to motivate “diverse and talented students with potential” to stay in school, earn a New York State Regents diploma with advanced designation, and pursue post-secondary education.
Students participating in the program get involved in academic, social, and cultural activities that “enable them to grow both personally and professionally.”
“The Young Scholars Liberty Partnerships Program at Utica College has a longstanding tradition of excellence, having mentored more than 1,300 students in its 28-year history of partnering with the Utica City School District,” Laura Casamento, president of Utica College, said. “This very generous gift from the Sammon family will ensure that we can continue and expand this most valuable partnership, helping talented students realize their full potential. In addition, more than two-thirds of successful Young Scholars graduates live and work in the Utica area, helping to further strengthen our community.”
Students who are enrolled have a 94 percent graduation rate with more than 86 percent going on to college — “outcomes that speak to the successful model that this collaboration has built,” the foundation said. Candidates for the program are nominated by sixth-grade teachers in the school district. Each year, YSLPP serves more than 350 students for a 6-year term of 7-12 grade. The contribution from the Sammon family will enable Young Scholars LPP to “expand and strengthen” its programming and services.
CEO FOCUS: Eligibility Expanded for Pandemic Small-Biz Recovery Grant Program
As one of her first acts as governor of New York, Kathy Hochul announced expanded eligibility for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program. New changes to the program will enable more small businesses to apply for funding. Businesses with revenue from $25,000 up to $2.5 million can now apply for grants, up from
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As one of her first acts as governor of New York, Kathy Hochul announced expanded eligibility for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program. New changes to the program will enable more small businesses to apply for funding. Businesses with revenue from $25,000 up to $2.5 million can now apply for grants, up from the previous threshold of $500,000. Additionally, the limitation for businesses that received federal Paycheck Protection Program loans has been increased from $100,000 to $250,000.
The expansion of this program is something CenterState CEO has advocated for, and we are grateful to Gov. Hochul for her actions to ensure more of the small businesses most impacted by this crisis receive the support and resources they need to survive and thrive. Additionally, as chair of the New York State Assembly Small Business Committee, and co-chair of an Assembly Working Group focused on New York’s economic recovery from COVID-19, Assemblyman Al Stirpe was an outspoken advocate for small-businesses funding in the state budget. We thank these leaders for recognizing the importance of supporting small businesses during this crisis and continuing to evolve programs to meet ongoing needs.
As we have done throughout this crisis, CenterState CEO’s team stands ready to help businesses navigate the application process. As a designated technical-assistance partner, CenterState CEO can assist and advise applicants on their applications. Please contact Andy Obernesser, CenterState CEO’s director of community investment, for assistance at aobernesser@centerstateceo.com. More information, program guidelines, and the grant application, can be found at https://nysmallbusinessrecovery.com/. Furthermore, you can find a broad range of business-support resources at our COVID-19 Business Resources page at https://www.centerstateceo.com/business-resources/covid-19-business-resources.
Robert M. Simpson is president and CEO of CenterState CEO, the primary economic-development organization for Central New York. This article is drawn and edited from the “CEO Focus” email newsletter that the organization sent to members on Aug. 26.
VIEWPOINT: Ask Rusty: My Social Security Income Hurts When I File My Taxes
Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I filed our joint tax return, we owed the IRS a substantial amount of money — they took 85 percent of my SS in taxes. We
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Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I filed our joint tax return, we owed the IRS a substantial amount of money — they took 85 percent of my SS in taxes. We are just barely over the minimal amount of income allowed for SS tax exemption. Is there anything I can do so I do not have to pay all this money at once at the end of the year? I didn’t get any tax advice when I started drawing my SS and the guy who prepared our tax return couldn’t have cared less. No one ever told me that I would get double-taxed on the SS that I worked so hard for. Any help or advice is appreciated; I cannot take another hit like this again.
Signed: Double-Taxed
Dear Double-Taxed: Unfortunately, taxation of Social Security benefits has been law since 1983 when the law to allow 50 percent of benefits to be taxed was enacted. In 1993, Congress added another threshold to allow up to 85 percent of SS benefits to be taxable. Just to clarify the way it works (not that it will soften the pain), they don’t take 85 percent of your SS benefits away in taxes — but 85 percent of your SS benefits becomes part of your overall taxable income at whatever your normal IRS tax rate is for your income level. So, if your IRS tax rate is 10 percent, that percentage is applied to 85 percent of your SS benefits received during the tax year (at your income level).
As for whether there is anything you can do, short of lowering your overall income, the answer is no. The IRS determines taxability of your SS benefits based upon something called your “modified adjusted gross income” (or MAGI), which is your normal adjusted gross income (AGI) from your tax return, plus 50 percent of the Social Security benefits you received during the tax year, with any non-taxable interest you may have had added back in. With an IRS filing status of “married-filing jointly,” if your MAGI was more than $32,000, then 50 percent of your SS benefits are included in your taxable income; if your MAGI is more than $44,000 then up to 85 percent of your SS benefits becomes part of your overall taxable income. And unfortunately, there’s no way around that. FYI, the thresholds for single filers are $25,000 (above which 50 percent of SS is taxable) and $34,000 (above which 85 percent of SS is taxable). Below those minimum thresholds for both single and married filers, Social Security benefits aren’t taxable.
To soften the income-tax burden when you file your taxes each year, you may want to consider having taxes withheld from your SS benefit payments. That’s easy to do by submitting IRS form W-4V to your local Social Security office. Here’s a link at which you can download and print that form: www.irs.gov/pub/irs-pdf/fw4v.pdf. You will see that you can choose to have any of the following percentages of your SS benefit withheld for federal income-tax purposes — 7%, 10%, 12%, or 22%. To find the mailing address for your local Social Security office, visit www.ssa.gov/locator.
Russell Gloor is a certified Social Security advisor with the Association of Mature American Citizens (AMAC). The 2.3 million member AMAC says it is a senior-advocacy organization. Send your questions to: SSadvisor@amacfoundation.org.
Author note: This article is intended for information purposes only and does not represent legal or financial guidance. It presents the opinions and interpretations of the AMAC Foundation’s staff, trained and accredited by the National Social Security Association (NSSA). The NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity.
OPINION: Eviction Moratorium Extension Highlights Ugliest Parts of Albany
The New York Legislature reconvened in Albany on [Sept. 1] to extend the state’s moratorium on evictions. The special session, which concluded after many New Yorkers had gone to sleep, was needed to extend the state’s misguided eviction moratorium until Jan. 15, 2022. The bill itself is almost as flawed as the process that led up
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The New York Legislature reconvened in Albany on [Sept. 1] to extend the state’s moratorium on evictions. The special session, which concluded after many New Yorkers had gone to sleep, was needed to extend the state’s misguided eviction moratorium until Jan. 15, 2022. The bill itself is almost as flawed as the process that led up to its passage.
Only seven states in the country are still forcing landlords to operate under an eviction moratorium. Four additional months (at a minimum) of “cancelling rent” here in New York comes only after Albany dysfunction and Democrats’ delays held up $2.3 billion in federal rental-assistance funding. The money from Washington was approved in January, but the Emergency Rental Assistance Program (ERAP) did not begin to get funds out the door until this summer.
By every metric, the previous administration failed miserably at moving this critical funding through the Office of Temporary Disability Assistance (OTDA), the state agency tasked with distributing relief money. New York remains among the slowest states to deliver ERAP assistance to struggling tenants and landlords. Had the OTDA simply done its job, the impetus for the recent chaotic and secretive session would never have existed in the first place.
Instead, landlords facing enormous financial pressure to pay their mortgages, taxes, and utility bills will continue to shoulder those costs without receiving duly owed rent. Under the extended moratorium, landlords can only recover existing back rent if they agree not to evict tenants for another 12 months. Simply put, participation in the ERAP program triggers an eviction moratorium all on its own. The state’s small property owners are damned if they do, damned if they don’t.
In addition, the special session also highlighted the total dysfunction of government operations in New York. In one of her first official acts, Gov. Kathy Hochul signed off on a measure that would suspend New York’s Open Meetings Law, a measure that provides a critical outlet for public participation in government. There is no shortage of irony that Albany’s method of modifying the Open Meetings Law was to advance the bill without public input, public review, or any public participation whatsoever. For a governor who has boldly proclaimed her commitment to transparency from the day she was installed, hiding this measure from
20 million New Yorkers does not instill confidence.
Overall, New Yorkers were on the losing end of the recent backroom dealmaking and the old-school Albany approach to governing. This is a dubious start for a new administration that made promises of open government and a new day in Albany. Every New Yorker has a right to wonder how this represents an improvement from the previous one.
William (Will) A. Barclay, Republican, is the New York Assembly minority leader and represents the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact Barclay at barclaw@assembly.state.ny.us.
OPINION: What it means to be an American
What does it mean to be an American? I suspect each of us would answer this question in our own way, depending on our experiences. But there are features of the American identity, certain qualities of what it means to be an American that many of us hold in common. We believe the United States is a
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What does it mean to be an American? I suspect each of us would answer this question in our own way, depending on our experiences. But there are features of the American identity, certain qualities of what it means to be an American that many of us hold in common.
We believe the United States is a special country. We take pride in its strength, its history, and its unity out of diversity. We share a belief in American exceptionalism.
If you ask most of us what it means to be an American, you won’t get very far into the conversation without hearing the word opportunity. America is known as the land of opportunity, a place where you can fulfill your dreams and succeed through your own efforts. That’s why, throughout history, we have been a nation of immigrants, a destination for people seeking a better life.
Our national anthem refers to the United States as the land of the free, and freedom is surely at the top of the list of things that Americans value. An essential part of being an American is that we’re free to live our lives as we wish. We don’t like being told what to do. We treasure our independence, not surprising in a nation whose creation resulted from declaring our independence from England and fighting a war to win that independence.
We are not a tradition-bound country, but we do value our past. As the historian Gordon Wood said, our history is the source of our American-ness. The Declaration of Independence, our nation’s founding creed, proclaims all are created equal and have a right to life, liberty, and the pursuit of happiness. We cherish the freedoms guaranteed by the Constitution, including freedom of speech, freedom of religion, and the right to equal protection and due process of law.
While we treasure our rights as Americans, we understand that with those rights come responsibilities; these responsibilities are not numerous. We have a responsibility to obey the law, pay taxes, and respect the rights of others. We may be called to serve on juries. During wartime, Americans have been drafted to serve in the military. Many of us have taken an oath to “defend the Constitution of the United States against all enemies, foreign and domestic.”
We believe we also have an obligation to improve our corner of the world. As Americans, we expect our government will protect us anywhere around the world. We qualify for certain benefits by virtue of being Americans: Social Security and Medicare to support us when we age, unemployment insurance, and other programs when we need them.
As American citizens, voting is both a right and a responsibility for us. We have faith in our fellow citizens and in their efforts to achieve a more perfect union. This is especially true for Americans from groups that were long denied the right to vote.
A couple of years ago, Grinnell College asked in a nationwide poll what it means to be a “real American.” A small minority listed nativist qualities, like having been born in this country or practicing a certain religion. But an overwhelming majority said real Americans treat people equally, take responsibility for our actions, and accept people of different racial and religious backgrounds.
In other words, our values define us as Americans, not where we were born or what we look like. Those values make us stronger than the forces that divide us.
Lee Hamilton, 90, is a senior advisor for the Indiana University (IU) Center on Representative Government, distinguished scholar at IU Hamilton Lugar School of Global and International Studies, and professor of practice at the IU O’Neill School of Public and Environmental Affairs. Hamilton, a Democrat, was a member of the U.S. House of Representatives for 34 years (1965-1999), representing a district in south central Indiana.

GARY HOLMES has joined independent marketing, advertising, and public-relations agency Mower as VP, director of public relations and public affairs. Holmes brings more than 20 years of senior management, government, and news experience to his post, most recently as assistant commissioner, public affairs for the New York State Department of Health. During his four-and-a-half-year tenure
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GARY HOLMES has joined independent marketing, advertising, and public-relations agency Mower as VP, director of public relations and public affairs. Holmes brings more than 20 years of senior management, government, and news experience to his post, most recently as assistant commissioner, public affairs for the New York State Department of Health. During his four-and-a-half-year tenure with the Department of Health, Holmes acted as the chief liaison to the press office for the governor of New York. His achievements included managing the daily press response for the agency at the apex of the COVID-19 pandemic. Holmes entered public service in 2015 as director of communications for the New York State Department of Transportation. A broadcast journalist by trade, he served as news director at Time Warner Cable News Albany/Hudson Valley from 2007-2015. Before that, Holmes was senior executive producer at YNN Albany, where he launched the nightly political/public-affairs program “Capital Tonight.” His early career included stints at ESPN (in Connecticut), Harbour Media Relations (Saratoga Springs), and WRGB (Schenectady). Holmes is a graduate of Ithaca College, where he studied video production and corporate communications.

ALISSA PELUSO recently joined Pinckney Hugo Group, a full-service marketing-communications firm, as an assistant social-media strategist. She is responsible for creating and monitoring content for national, regional, and local companies. Her goal is to increase brand awareness, brand engagement, and revenue. Peluso has a bachelor’s degree in public relations, with a minor in communication and
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ALISSA PELUSO recently joined Pinckney Hugo Group, a full-service marketing-communications firm, as an assistant social-media strategist. She is responsible for creating and monitoring content for national, regional, and local companies. Her goal is to increase brand awareness, brand engagement, and revenue. Peluso has a bachelor’s degree in public relations, with a minor in communication and rhetorical studies, from the S.I. Newhouse School of Public Communications at Syracuse University. She also has an associate degree in communication from Onondaga Community College.
THERESA THORYK has been promoted to VP of human resources at Erie Materials from HR director. She started at the regional distributor of building materials in 2015 and has been instrumental in the development of the HR department since then. In another move in the firm’s HR department, JACK MATSON transitioned from VP to senior
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THERESA THORYK has been promoted to VP of human resources at Erie Materials from HR director. She started at the regional distributor of building materials in 2015 and has been instrumental in the development of the HR department since then. In another move in the firm’s HR department, JACK MATSON transitioned from VP to senior human-resource consultant. He will continue to play a key role, focusing on strategic efforts such as succession planning, leadership development, employee engagement, and company culture. CHRISTIAN ZOOK was promoted to inside sales representative in Erie Materials’ Auburn site. He started as a summer associate in 2019, and later joined the warehouse staff in June 2020, following his graduation from the University at Buffalo. JUSTIN BYRNES and ZACHARY DELOACH were promoted to the inside sales staff in Syracuse. Both began their careers in the warehouse: Byrnes in 2015 and Deloach in November 2020. BRIANNA RAY has joined Erie Materials as branch administrator at the Syracuse branch.

MATTHEW FIRMAN, D.O., an emergency-medicine physician, has joined the medical staffs of Geneva General Hospital and Soldiers & Sailors Memorial Hospital, which are part of Finger Lakes Health. He attended medical school at Lake Erie College of Osteopathic Medicine in Erie, Pennsylvania and completed his emergency-medicine residency at the University at Buffalo. Firman belongs to
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MATTHEW FIRMAN, D.O., an emergency-medicine physician, has joined the medical staffs of Geneva General Hospital and Soldiers & Sailors Memorial Hospital, which are part of Finger Lakes Health. He attended medical school at Lake Erie College of Osteopathic Medicine in Erie, Pennsylvania and completed his emergency-medicine residency at the University at Buffalo. Firman belongs to the American College of Emergency Physicians and the Emergency Medicine Residents’ Association.
ALBERT SHIH, M.D., an emergency-medicine physician, has also joined the medical staffs of Geneva General Hospital and Soldiers & Sailors Memorial Hospital. He attended medical school at the University of Texas Medical Branch in Galveston, Texas and completed his emergency-medicine residency at the University of Rochester Medical Center. Shih belongs to the New York American College of Emergency Physicians, American College of Emergency Physicians, and Emergency Medical Residents’ Association.
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