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Community Bank appoints Breed as commercial-banking team leader
DeWITT, N.Y. — Community Bank N.A. announced it has promoted Thomas Breed to VP, team leader of commercial banking. In his new role, based in DeWitt, Breed will manage a team supporting a wide variety of commercial-banking customers in the Central New York region, including small businesses and middle-market firms. He and his team will […]
NYCUA Recognition Awards honor Visions, Horizons, & SEFCU board chairman
ALBANY, N.Y. — Visions Federal Credit Union (FCU) and Horizons Federal Credit Union in Broome County and the chairman of the SEFCU board of directors were among those honored with NYCUA Recognition Awards. The awards were part of the New York Credit Union Association’s (NYCUA) virtual annual meeting and awards ceremony held June 24. Social
CFCU Community Credit Union posthumously honors board member
ITHACA, N.Y. — The CFCU Community Credit Union board of directors has voted to posthumously honor Joseph (Joe) During with the title of director emeritus. During is the first CFCU board member bestowed with the recognition, CFCU said in a June 29 news release. The title of director emeritus honors retiring board members who have
KeyCorp net income jumps in Q2
KeyCorp (NYSE: KEY) reported that its net income in the second quarter jumped to $698 million, or 72 cents per share, from $159 million, or 16 cents, in the year-prior period, boosted primarily by strong growth in its fee-based businesses. KeyCorp — based in Cleveland, Ohio — is parent of KeyBank, which ranks No. 2 in deposit
Five Star Bank names regional presidents
WARSAW, N.Y. — Five Star Bank, a unit of Financial Institutions, Inc. (NASDAQ: FISI) recently announced it has appointed regional bank presidents. The bank has named Craig Burton Finger Lakes/Southern Tier regional president, in addition to his role as commercial real-estate executive, according to a June 17 Five Star Bank news release. Burton continues to
Summit FCU launches virtual branch
The Summit Federal Credit Union (SFCU) on July 6 opened a new virtual branch, which the organization says is available “everywhere.” Using Zoom technology, branch “visitors” see and talk directly with a local relationship specialist and do just about everything they’d do at a physical branch, right from a mobile or electronic device, Summit FCU contends. The
New York manufacturing index hits record high in July
The Empire State Manufacturing Survey general business-conditions index jumped 26 points in July to 43, a record high. The rise followed a June report where
KeyCorp to pay dividend of 18.5 cents a share for Q3
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 18.5 cents per share of its common stock for the third quarter. The dividend is payable on Sept. 15, to holders of record as
Pathfinder Bancorp to pay second-quarter dividend of 7 cents a share
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), holding company for Pathfinder Bank, recently declared a quarterly cash dividend of 7 cents per share on its common stock for the fiscal quarter ending June 30. The dividend will be payable to all Pathfinder shareholders of record on July 16 and will be paid on Aug.
First Source Federal Credit Union launches interactive ATMs in downtown Utica
NEW HARTFORD, N.Y. — First Source Federal Credit Union says it is now offering interactive ATMs in downtown Utica, a move that it views as
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