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Business cybersecurity often involves paying attention
DeWITT, N.Y. — Protecting your money takes a lot more than an alarm or guard at the bank or shielding your PIN when you enter it at the ATM. This is especially true for businesses as more financial transactions take place in cyberspace. Businesses often notice bad transactions weeks after the fact, says Daniel Cardi, […]
Naples comes out of retirement to join Community Bank
DeWITT, N.Y. — Allen Naples is back. The veteran banker, who had been a fixture of the Central New York banking scene for more than four decades, retired a year ago but has returned to the industry. Naples has joined Community Bank, N.A. as a regional executive for the Central New York market, based at
Pyramid lender extends loans on Destiny USA
SYRACUSE, N.Y. — Pyramid Management Group, which owns Destiny USA in Syracuse, on Thursday said its lender has extended the terms of the loans on
NBT Bank creates chief diversity officer role
NORWICH, N.Y. — NBT Bank is taking the next steps in its diversity, equity, and inclusion efforts by creating and filling a full-time chief diversity officer position. “It’s pretty clear in the research over time that a diverse workforce and a diverse leadership team provide better results,” says John H. Watt, Jr., president and CEO
New York manufacturing index rises in June but remains negative
The Empire State Manufacturing Survey general business-conditions index rose 10 points in June but stayed in negative territory at -1.2. The index — the monthly gauge on New York’s manufacturing sector — had declined significantly in May, falling 36 points to -11.6. The June reading — based on firms responding to the survey — indicates
NBT Bank launches fund for community real-estate projects
NORWICH, N.Y. — NBT Bank and CEI-Boulos Capital Management launched a $10 million real-estate equity investment fund called NBT-CEI Boulos Impact Fund to create community-oriented
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Reed joins Key Private Bank in Syracuse
SYRACUSE, N.Y. — Heather Reed has recently joined Key Private Bank in Syracuse as an associate relationship manager. In this role, Reed is responsible for managing and building client relationships based upon knowledgeable advice that is aligned to the clients’ financial needs and advocating solutions that help clients reach their goals, KeyBank said in an
Five Star Bank parent company to pay next quarterly dividend in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent 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 second-quarter dividend on July 5, to shareholders of record on June 17. It is the same
KeyCorp to pay Q2 dividend of 19.5 cents in mid-June
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the second quarter. The dividend is payable on June 15, to holders of record as
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