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Community Bank System declares dividend of 43 cents a share for July payment
DeWITT, N.Y.— Community Bank System, Inc. (NYSE: CBU) announced that it has declared a cash dividend of 43 cents a share on its common stock for the second quarter. The dividend will be payable on July 11 to shareholders of record as of June 15. The quarterly payment represents an annualized yield of about 2.7 […]
Community Bank wraps up Elmira Savings acquisition
DeWITT, N.Y. — The acquisition of Elmira Savings Bank by Community Bank System, Inc. (NYSE: CBU) does more than just add branches to its Community Bank, N.A. unit. The purchase brings a broader and deeper set of services to bank customers, says Mark E. Tryniski, president and CEO of Community Bank System, which is based
N.Y. manufacturing index turns negative again on falling new orders
A “sharp reversal” in the indexes measuring new orders and shipments sent the monthly gauge of the state’s manufacturing sector back into negative territory. The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6 in May, pointing to contraction in manufacturing activity. The index had climbed by the same number of points to 24.6
People news: Lyons National Bank adds commercial-loan officer in Auburn
AUBURN, N.Y. — Lyons National Bank (LNB) recently hired Todd L. Borsa as assistant VP, commercial-loan officer in its Auburn offices. Borsa, an Auburn native,
New York manufacturing index plummets back into negative territory in May
The Empire State Manufacturing Survey general business-conditions index plunged 36 points to -11.6, pointing to contraction in manufacturing activity. The index — the monthly gauge
Community Bank System completes nearly $83M acquisition of Elmira Savings Bank
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU), parent company of Community Bank, N.A., has wrapped up its $82.8 million, all-cash acquisition of Elmira
Tompkins Financial pays Q2 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 57 cents per share for the second quarter. The dividend is payable on May 16, to common shareholders of record on May 10. The dividend is the same amount that the
Fontaine expands role at Tompkins
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced it has appointed Alyssa Fontaine as chief risk officer, adding to her current role as executive
Weichert joins commercial-lending team at Community Bank
DeWITT, N.Y.— As Community Bank, N.A.’s new senior VP, commercial banking group manager, Lindsay Weichert is excited for a lot more than working for her hometown bank. Working for a bank where decisions are made locally was a huge draw for the Syracuse native. That the bank shares her passion for economic development and community
Tompkins Community Bank adds Harris as new VP of commercial lending
ITHACA, N.Y. — Tompkins Community Bank announced it has hired Lawrence Harris as VP, commercial banking relationship manager. With 35 years of experience, Harris will
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