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Banks & Credit Unions

Midyear business leaders outlook improves slightly

Business leaders are slightly less worried about a recession this year, according to JPMorgan Chase & Co.’s 2023 Midyear Business Leaders Outlook survey. A total of 45 percent of business leaders say the nation is already in a recession or expect a recession before the end of 2023, down from 65 percent who felt that

State’s $55.5M Small Business Revolving Loan Fund 2 offers microloans

ALBANY — New York State recently announced that its expanded $55.5 million Small Business Revolving Loan Fund 2 is available to provide shorter-term microloans and regular loans to address “inequitable” capital access “by bridging the financing gaps facing new companies, under-banked communities, and small businesses.”  It’s part of New York’s broader Small Business Credit Initiative

Five Star Bank partners with software firm on digital loans

WARSAW — Five Star Bank is now offering digital-loan origination for small businesses through its partnership with Numerated, a Boston, Massachusetts–based software company.  Five Star Bank is the wholly owned community bank subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), which is headquartered in Warsaw in Wyoming County in Western New York and has branches across

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Banker offers small firms’ tips on navigating current economy

Despite the doom and gloom in the headlines, the overall small-business outlook is still fairly positive, says Lindsay Weichert, senior VP and commercial-banking group manager at Community Bank, N.A., a DeWitt–based commercial bank serving customers in upstate New York, northeastern Pennsylvania, Vermont, and Massachusetts. While the Federal Reserve is still working to cool down the

On Point for College looks to connect students to careers in semiconductor industry

UTICA — On Point for College, a nonprofit education and career-attainment program, is setting its sights on the semiconductor industry to ensure the future pipeline of workers in the microchip-manufacturing industry. On Point created a new dedicated career-advisor position in its Utica office and is working on developing a program that will help connect high-school

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