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Solvay Bank boosts quarterly dividend

SOLVAY, N.Y. — Solvay Bank Corp., holding company for Solvay Bank, recently announced it will pay a quarterly dividend of 30 cents a share, up from 29 cents last quarter.

The company will pay the dividend on April 24, to shareholders of record on March 31.

Founded in 1917, Solvay Bank says it is the largest independent commercial bank headquartered and operating in Onondaga County.

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Solvay Bank’s main office is at 1537 Milton Avenue in Solvay. It has eight more branches in Camillus, Cicero, DeWitt, Fairmount, Liverpool, North Syracuse, downtown Syracuse, and Westvale. The company also owns Solvay Bank Insurance Agency, Inc. — a full service general insurance agency.

 

Contact The Business Journal News Network at news@cnybj.com 

 

Editor’s note: Article was updated on April 16 to correct dividend payment date and shareholders of record date after the company issued a correction of its original news release.

 

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