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Community Bank names Serbun president of retail banking
DeWITT, N.Y. — Community Bank N.A. announced it has promoted Joseph F. Serbun to president of retail banking. He previously served as the bank’s chief
N.Y. manufacturers see strong rebound in orders & shipments
April Empire State index returns to positive territory Responses indicating a strong rebound in orders and shipments helped boost the general business-conditions index of the Empire State Manufacturing Survey back into positive territory in April, rising 36 points to 24.6. The survey results indicate a return to expansionary business conditions in the manufacturing sector. The index
sfcu expands membership area into four new counties
SIDNEY, N.Y. — Sidney Federal Credit Union is looking for new members as it expands its field of membership into Onondaga, Cortland, Essex, and Hamilton counties. The credit union is capitalizing on 2020 changes to field-of-membership rules for chartered community credit unions, allowing them to offer membership in areas of population of up to 1
Community Bank moves closer to Elmira Savings Bank acquisition
Q1 net income declines DeWITT, N.Y. — As it moves closer to finalizing its acquisition of Elmira Savings Bank (NASDAQ: ESBK), Community Bank System, Inc. (NYSE: CBU) on April 22 announced that is has received regulatory approval from the U.S. Office of the Comptroller of the Currency for that transaction. The DeWitt–based banking company also
Bank of Utica supports children’s museum project with donation
UTICA , N.Y.— Bank of Utica has committed $100,000 to ICAN’s Family Resource Center, which will also house a new children’s museum. “Bank of Utica has had a long relationship with the Children’s Museum, and we are happy to continue to work with them as they enter this new exciting phase of their history,” Barry
SeaComm FCU buys one-acre parcel in Watertown for $1.1M
WATERTOWN, N.Y. — SeaComm Federal Credit Union (FCU) recently purchased a one-acre parcel at 20485 Route 3 in Watertown for $1.1 million. Bill Colucci of Cushman & Wakefield/Pyramid Brokerage Company, in conjunction with Cushman/Grant Street Associates, helped arrange the transaction. SeaComm FCU, based in Massena, has 51,800 members with assets of more than $759 million,
Visions’ marketing recognized during CUNA’s Diamond Awards
The Credit Union National Association (CUNA) has recognized Visions Federal Credit Union for two of its marketing initiatives. CUNA awarded Visions the Business Development Efforts award for its 2021 Business Services Suite campaign, along with the Diamond in the Rough award for the Tompkins County debit-card contest. CUNA presented the awards as part of its
Morris starts expanded role as Berkshire Bank’s N.Y. regional president
Berkshire Bank, a regional community bank with branches in New England and New York, recently appointed James J. Morris IV as its regional president for New York state. The bank’s New York state territory includes the Capital region, the Mohawk Valley, and Central New York. Morris is an experienced banking professional who has served as
VIEWPOINT: A Digital World: What’s in Store for Central New York
As the effects of the coronavirus continue to reshape our world, the next year will see several factors accelerating the shift to a more digital, hybrid future. We expect to see a continued focus on digital transformation as the driving force creating value for business owners. Below are some considerations of what will come next —
Northwoods takes over management of Generations Insurance Agency
The Northwoods Corporation, which has an office at 32 Broad Ave. in Binghamton, recently entered into a management agreement with the Generations Insurance Agency in Seneca Falls. The agreement means that Northwoods, which is headquartered near Buffalo, will manage the day-to-day operations of the Generations agency while Generations Bank retains ownership of it. Under the
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