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AmeriCU investment team wins industry award
ROME, N.Y. — AmeriCU Credit Union’s investment team recently received the 2022 Perspective Program Award of Excellence from the Credit Union National Association (CUNA) Mutual Group. CUNA Mutual Group is a mutual-insurance company that provides financial services to cooperatives, credit unions, and their members. A selection committee used information from sales leaders, managers, and CUNA […]
Citizens Business Conditions Index bounces back in Q1
The national Citizens Business Conditions Index (CBCI) rose to 53.9 in the first quarter, “reflecting continued strength in the labor market, more new business openings and positive corporate revenue trends.” The CBCI had dipped below 50 during the fourth quarter of last year and the bounce-back during the first quarter “signaled a return to positive
Miss Prissy’s to move from Salt City Market to a new location on South Warren Street
SYRACUSE, N.Y. — Miss Prissy’s, one of the eight original tenants of the Salt City Market, has signed a lease for its future storefront at
Pathfinder to pay Q1 dividend of 9 cents on May 19
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, has declared a quarterly cash dividend of 9 cents a share on its common stock for the fiscal quarter ending March 31. The dividend will be payable to all Pathfinder shareholders of record on April 24 and will be paid on May
N.Y. manufacturing activity grew for the first time in 5 months
Improvements in orders and shipments were among the factors as the general business-conditions index of the monthly Empire State Manufacturing Survey jumped 35 points in April to 10.8. The general business-conditions index is the monthly gauge of New York’s manufacturing industry. The index had fallen 19 points in March to -24.6. The April reading —
Connecticut bank shareholders approve merger with NBT Bank
NORWICH, N.Y. — The shareholders of a Connecticut banking company have voted to approve a proposed merger with NBT Bancorp Inc. (NASDAQ: NBTB), the parent
New York manufacturing index climbs back into positive territory in April
The Empire State Manufacturing Survey general business-conditions index soared 35 points in April to 10.8 as business activity in the sector expanded. The index had
Oswego County FCU to donate $25K to selected nonprofits during April and May
OSWEGO, N.Y. — Oswego County Federal Credit Union (FCU) plans to donate $25,000 to a variety of area nonprofit organizations throughout April and May. Now
Dowd named Pathfinder Bank president and CEO
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, announced April 3 that its board of directors has named James A. (Jim) Dowd as president and CEO of the company and the bank. Dowd had served in both roles on an interim basis since April 14, 2022, following the
Moody’s upgrades Broome County financial rating
BINGHAMTON, N.Y. — Moody’s Investors Service has upgraded Broome County’s financial rating — to A1, from A2 — for the first time since 2011. In
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