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KeyBank using Blend platform for digital mortgage applications
KeyBank recently announced it is using a software platform provided by Blend (NYSE: BLND) that digitizes the end-to-end mortgage-application process for clients looking to purchase or refinance a home. San Francisco, California–based Blend provides a cloud-based banking platform to “streamline workflows and transform banking experiences for their customers,” per the Blend website. With the use […]
New York manufacturing index rises in February but remains in negative territory
The Empire State Manufacturing Survey general business-conditions index climbed 27 points in February to -5.8. The index had fallen 22 points to -32.9 in January,
Greater Binghamton Chamber releases 2023 economic outlook
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce held its annual Economic Forecast and Building BC Awards event on Tuesday. Peter Kneis, senior VP
People news: Adirondack Bank promotes Pellegrino to EVP
UTICA, N.Y. — Adirondack Bank announced it has promoted Elizabeth A. Pellegrino to executive VP and chief credit officer. Pellegrino started with the bank in
NBT earnings dip slightly in Q4 and full 2022 year
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB), parent company of NBT Bank, closed out a challenging year of volatile interest rates and weak stock and bond markets with a slight drop in profit for the year and final quarter. But the banking company is optimistic about the year ahead. NBT, which ranks No. 3
KeyBank Foundation makes grants for CNY workforce, community development
SYRACUSE — Le Moyne College, Jubilee Homes of Syracuse, and other nonprofit organizations will use a total of $545,000 in grant funding from the KeyBank Foundation. The foundation seeks to help the Central New York organizations in support of their workforce development and community initiatives. These grants are part of KeyBank’s $40 billion National Community
Five Star Bank expands to Syracuse with loan office
Five Star Bank’s Syracuse office will be home to a three-person commercial and industrial team led by Alison Miller, the bank’s Central New York regional president and commercial and industrial executive. It’ll also be home to a commercial real-estate banker who will report to Craig Burton, the bank’s Finger Lakes/Southern Tier regional president and commercial
Tioga State Bank adds Hoyt to commercial- lending team
SPENCER, N.Y. — Tioga State Bank recently announced the addition of Joseph Hoyt to its commercial-lending team. As a small-business lender, Hoyt works with individual businesses to help find financial solutions tailored to specific needs to help those businesses succeed. He is located at the bank’s branch on Fifth Avenue in Owego. Hoyt brings to
Burnout hitting consumer confidence, KeyBank survey finds
The KeyBank 2023 Financial Mobility Survey, released Jan. 9, finds Americans are in a “difficult” financial position as 55 percent faced financial challenges over the past year. The finding represents a “substantial” increase from the year prior (37 percent), with more than double the number of respondents saying their biggest financial faux pas involved budgeting issues
New CFO of Berkshire Bank parent begins his position
David Rosato — who served most recently as CFO of People’s United Financial, Inc., and prior to that as treasurer at Webster Financial Corporation — was set to join Berkshire on Feb. 6, as senior executive VP and CFO. In his new role, Rosato will serve as Boston–based Berkshire Hills Bancorp’s top financial leader. He
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