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Oswego Health honors Pathfinder Bank with Community Partner Award
OSWEGO, N.Y. — Oswego Health recently recognized Pathfinder Bank with its Community Partner Award. The Community Partner Award is designed to honor a corporation or a foundation that “demonstrates outstanding commitment through financial support and through encouragement and motivation of others to take a leadership role toward philanthropy and community involvement,” according to an Oswego […]
New York manufacturing index turns slightly positive again in February
The Empire State Manufacturing Survey general business-conditions index moved back into positive territory in February to 3.1. The index — the monthly gauge on New York’s manufacturing sector — had plummeted in January to -0.7, ending 18 months of positive readings including the 31.9 index number in December. The February reading — based on firms
NBT Bancorp to pay quarterly dividend of 28 cents a share in first quarter
NORWICH, N.Y. — NBT Bancorp Inc. (NASDAQ: NBTB) recently announced that its board of directors has approved a cash dividend of 28 cents per share for the first quarter of this year. The payment is unchanged from each of the last two quarters but up by 3.7 percent from the 27 cents a share that
Pathfinder Bancorp profit doubles in fourth quarter
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, reported net income of $3.9 million, or 64 cents a share, in the fourth quarter, up from $1.9 million, or 33 cents, in the year-ago quarter. The banking company’s fourth quarter total revenue (net interest income plus total noninterest income) of
Plan post-COVID financial-planning, business goals
As COVID-19 case numbers drop and other news begins to take the top spot in the headlines, it’s a good time for individuals and business owners to take a moment to reassess their investment management, financial planning, and business goals as we begin to transition toward a post-pandemic world. “I think we’ve all just been concerned with
Schunck to lead Key Investment Services field organization in CNY, Rochester
Kevin Schunck recently joined KeyBank as senior VP and market leader for Key Investment Services. In this role, he will lead the local Key Investment Services field organization in Central New York and Rochester, working to grow revenue, increase market share, and provide clients in the mass-affluent segment with exceptional service, according to a KeyBank news release.
State begins work on starting retirement program for private-sector employees
New York State has started work on establishing a retirement-savings plan for employees in New York’s private sector “who are not offered a retirement plan through their workplace,” per the program’s website. Gov. Kathy Hochul on Jan. 26 announced the convening of the New York Secure Choice Savings Program board, representing the first phase in
Strategic’s lead advisor earns CFP designation
UTICA, N.Y. — Melissa Fernalld, a lead financial advisor at Strategic Financial Services, Inc., a Utica–based wealth-management firm, has achieved her CFP designation from the Certified Financial Planner Board of Standards, Inc. This designation is awarded to individuals who successfully complete the CFP Board’s initial exams, then continue ongoing annual education programs to sustain their
Community Bank’s wealth-management revenue rises in Q4
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) reported wealth-management revenue of $8.5 million in the fourth quarter of 2021, up 13.4 percent from $7.5 million in the year-ago quarter, and up 2.4 percent from $8.3 million in the third quarter of 2021. The rise in wealth-management revenue was primarily driven by increases in investment
Petranchuk joins Key Private Bank as portfolio strategist
SYRACUSE, N.Y. — Eric Petranchuk has recently joined Key Private Bank as a portfolio strategist in its Syracuse office, the bank announced. In this role, Petranchuk evaluates client goals and objectives and constructs investment portfolios to execute team and client strategy, Key Private Bank noted. He has more than 20 years of experience in financial
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