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Five Star Bank to offer digital bitcoin services
WARSAW, N.Y. — Five Star Bank, a subsidiary of Financial Institutions, Inc. (NASDAQ: FISI), announced that it will become one of the first financial institutions in the U.S. to enable its banking clients to securely buy, sell, and hold bitcoin, powered by NYDIG. NYDIG is a bitcoin company based in New York City. Five Star […]
Visions CEO enters Credit Union Executives Society Hall of Fame
The top official of Endwell–based Visions Federal Credit Union has earned Hall of Fame recognition. Tyrone Muse, president and CEO of Visions, is now a member of the Credit Union Executives Society (CUES) Hall of Fame. CUES, which says it is a talent-development leadership organization, on Dec. 28 announced the winners of its annual awards and
The Summit FCU donates $3,000 to Syracuse PAL
SYRACUSE, N.Y. — The Summit Federal Credit Union (FCU) on Jan. 14 donated $3,000 to the Syracuse Police Athletic/Activities League (PAL) in an event held at the Syracuse Police Department. The presentation was arranged to follow and acknowledge National Law Enforcement Day on Jan. 9, the Summit said. Syracuse PAL partners with the Syracuse Police
Tompkins Financial to pay Q1 dividend on Feb. 15
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 first quarter. The dividend is payable on Feb. 15, to common shareholders of record on Feb. 8. The dividend is the same amount that the
NBT Bank opens new permanent branch office in DeRuyter
DeRUYTER, N.Y. — NBT Bank recently marked the opening of its new permanent branch office at 750 Utica St. in DeRuyter. The bank began serving the DeRuyter community in September 2020 at its temporary location in the Genevieve D. Staley Civic Center. “When we first entered the DeRuyter community we saw a need for local, relationship-based
New York business leaders expect conditions to improve in next 6 months
New York business leaders “generally” expect conditions to improve over the next six months. That’s according to firms responding to the Federal Reserve Bank of New York’s January 2022 Business Leaders Survey. It’s a survey the New York Fed distributes the day after it distributes the monthly Empire State Manufacturing Survey. The survey’s index for future
SYRACUSE, N.Y. — A new report from CenterState CEO finds 68 percent of nearly 200 area companies surveyed expect an increase in jobs and hiring
Greater Oneida Chamber of Commerce names president
ONEIDA, N.Y. — The Greater Oneida Chamber of Commerce has named Rachel Siderine president of the chamber for 2022-2023. Siderine is manager of AmeriCU Credit
New York state manufacturers are optimistic about the six months ahead
New York state manufacturers were “generally optimistic” in the six-month outlook component of the January Empire State Manufacturing Survey. The optimism comes in spite of the survey’s general business conditions index plummeting in January to -0.7, ending 18 months of positive readings, per the Federal Reserve Bank of New York’s Jan. 18 report. The survey’s index for
New York manufacturing index has first negative reading in 18 months
The Empire State Manufacturing Survey general business-conditions index plummeted in January to -0.7, ending 18 months of positive readings. The January reading — based on
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