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CNY Community Foundation launches nonprofit bridge-loan program
SYRACUSE — The Central New York Community Foundation recently introduced a new nonprofit bridge-loan program that it says will help not-for-profits continue essential community services while waiting to receive approved grant funding. The foundation’s local impact investing program closed on a $500,000 deposit to Cooperative Federal (Coop Fed) to launch the bridge-loan program. Coop Fed […]
VIEWPOINT: 5 Ways a Community Bank Can Lend a Hand to a Small Business
As one of the largest investments people can make in their financial lifetime, operating a small business can be equal parts exhilarating and daunting. Fortunately, there are resources available to help small-business owners navigate the process of securing financial support. In fact, once you start looking for these resources, you’ll find that they are almost
People news: Berkshire Bank promotes Volytska to assistant VP
UTICA, N.Y. — Berkshire Bank announced it has promoted Khrystyna Volytska to assistant VP, relationship manager in its business banking unit, where she will manage
Community Bank System to pay Q1 dividend of 45 cents in April
DeWITT — Community Bank System, Inc. (NYSE: CBU) — parent company of Community Bank, N.A. — recently announced that it has declared a quarterly cash dividend of 45 cents per share of its common stock for the first quarter. The dividend will be payable on April 10, to shareholders of record as of March 15.
Berkshire Bank to sell East Syracuse branch to Pathfinder
It’s also selling nine other New York state branches to other financial institutions EAST SYRACUSE — Boston–based Berkshire Hills Bancorp, Inc., (NYSE: BHLB) announced it
Chemung Financial to pay Q1 dividend of 31 cents
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG) said its board of directors has approved a cash dividend of 31 cents per share of its common stock for the first quarter. The Elmira– based banking company will pay the dividend on April 1, to shareholders of record as of the close of business on March 18,
Five Star Bank parent company to pay Q1 dividend of 30 cents a share on April 2
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, announced that its board of directors recently approved a quarterly cash dividend of 30 cents per share of its common stock outstanding. The banking company will pay the first-quarter dividend on April 2, to shareholders of record on March 15. At
KeyBank parent company has a new director of investor relations
Brian Mauney is the new director of investor relations at KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region. He started in the position on March 1. Mauney, who has more than 25 years of experience in the financial-services industry,
People news: AmeriCU Credit Union appoints member-partner advisor
UTICA, N.Y. — Alicia Smith has joined AmeriCU Credit Union as a member–partner advisor for the Rome, Utica, Oneida, and Herkimer areas, the credit union
CenterState CEO, KeyBank seek to boost BIPOC, women, and veteran-owned businesses
The goal is to produce generational wealth SYRACUSE — CenterState CEO says it plans to expand business coaching and technical-assistance programs for Black, Indigenous and other People of Color (BIPOC), women, and veteran-owned firms in Central New York. The organization will use a $500,000 donation from KeyBank (NYSE: KEY) to do so. The grant is
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