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Banks & Credit Unions

Empower FCU readies for new leadership in 2023

SYRACUSE — Empower Federal Credit Union (FCU) will have new leadership beginning in early 2023. The credit union on Dec. 15 announced Ryan McIntyre as its next president and CEO, effective Jan. 3. McIntyre will assume the duties that Brenda Carhart has been handling on an interim basis. Empower’s board of directors appointed Carhart as

New York manufacturing index turns negative again in December

The Empire State Manufacturing Survey general business-conditions index fell 16 points to -11.2 in December, pointing to a slowdown in manufacturing activity in the state. The general business-conditions index is the monthly gauge of New York’s manufacturing sector. The index had climbed 14 points to 4.5 in November after declining 8 points to -9.1 in

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Five Star Bank parent to pay fourth-quarter dividend in early January

WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the fourth-quarter dividend on Jan. 3, to shareholders of record on Dec. 16.  At the banking

M&T Bank to pay quarterly dividend of $1.20 a share on Dec. 30

M&T Bank Corporation (NYSE:MTB) recently announced that it has declared a quarterly cash dividend of $1.20 per share on its common stock.  The dividend will be payable on Dec. 30 to shareholders of record as of the close of business on Dec. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its main banking

SBA offers tips, resources as COVID loan repayments begin

SYRACUSE, N.Y. — Throughout the COVID-19 pandemic, the U.S. Small Business Administration (SBA) made more than $390 billion worth of direct working-capital loans to more than 3.9 million small businesses. In the Central New York region alone, 5,638 loans totaling over $580.25 million were approved. Now, these COVID Economic Injury Disaster Loans (EIDL) are beginning

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