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Pathfinder Bank expands its Syracuse branch plans
SYRACUSE — Pathfinder Bank is expanding its planned downtown Syracuse branch office even before it opens. The Oswego–based community bank had expected to open a 1,500-square-foot office focused on lending in Pike Block by about Oct. 1. But now, Pathfinder is shifting gears to open a 2,600-square-foot office that will offer a broader range […]
Elmira Savings Bank to expand into Broome County with loan office
ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) announced today it is establishing a physical presence in Broome County with an office in Vestal that will
Community Bank boosts quarterly dividend
DeWITT — Community Bank System, Inc. (NYSE: CBU) today announced it has declared a quarterly cash dividend of 28 cents per share on its common
First Niagara to pay former CEO Koelmel a severance of at least $3 million
First Niagara Financial Corp. (NASDAQ: FNFG) will pay former president and CEO John Koelmel a severance package of at least $3 million. The figure is
Elmira Savings Bank promotes Berkley to executive VP
ELMIRA — Elmira Savings Bank has promoted Kevin J. Berkley to executive vice president, retail loan manager. Berkley has more than 30 years of
First Niagara appoints CEO of IT firm to board of directors
BUFFALO — The board of directors of First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced it has appointed James R. Boldt as a director of
Tompkins Financial names Rochon successor to board chairman in 2014
ITHACA — Tompkins Financial Corp. (NYSE: TMP) announced it has concluded a succession-planning process for Board of Directors Chairman James J. Byrnes, whose term will
Community Bank announces Pa. branch acquisition, Q2 earnings
DeWITT — Community Bank System, Inc. (NYSE: CBU) announced July 24 that it has agreed to buy eight branches in Northeast Pennsylvania from Bank of America. Under the terms of the agreement, Community Bank will acquire about $369 million in deposits at a deposit premium of 2.39 percent, as well as a small amount of
Editor’s note: The Investment Panel feature appears regularly in the Banking & Wealth Management special reports of The Central New York Business Journal, spotlighting area investment professionals and their views on the financial markets and investments. In this issue, The Business Journal communicated with David Lemire, John Lombardo, and Ted Sarenski separately via email, asking
Berkshire Bank makes major move in Utica–Rome banking market
UTICA — Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, is about to become a major player in the Utica–Rome banking market. On July 24, the Pittsfield, Mass.–based banking company announced that it has agreed to acquire 20 retail bank branches in upstate New York from Bank of America, including 11 offices
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