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Soaring homes sales in New York, CNY continue in March
ALBANY, N.Y. — New York realtors sold just over 11,000 previously-owned homes in March, up nearly 37 percent from more than 8,000 homes sold in March 2020. Pending sales in March jumped more than 59 percent, indicating continued strong closed sales of homes will continue in the next couple months. That’s according to the New […]
Millennial, Gen Z consumers prefer digital, in-person banking combo
About 85 percent of Americans say they will use digital tools to conduct some or all financial transactions after the COVID-19 pandemic, according to a recently released survey report from KeyBank. However, Millennial and Gen Z consumers (which this study defined as those under age 35) prefer a combination of digital and in-person banking more often than
Five Star Bank to relocate its Elmira branch
ELMIRA, N.Y. — Five Star Bank has announced the planned relocation of its Elmira branch to 100 West Water St. from its current location at
People news: WCNY appoints manager of underwriting and corporate sponsorship
SYRACUSE, N.Y. — WCNY, Central New York’s public broadcaster, announced it has hired John McBride as manager of underwriting and corporate sponsorship. Prior to joining
Visions Federal Credit Union to open new branch in Cortland this year
CORTLAND, N.Y. — Visions Federal Credit Union has plans to open a branch at 137 Clinton Ave. in Cortland later this year. The office will mark Visions’ first in Cortland County. The new branch is expected to open in late fall at the site of the former Tim Hortons. The credit union bought the property,
Community Bank System hires Karaivanov to oversee non-banking units
Investment-banking veteran was Community’s financial advisor DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that it has hired an experienced investment banker who helped advise it on mergers and acquisitions (M&A). The DeWitt–based banking company said Dimitar Karaivanov will be joining as its new executive VP of financial services and corporate development,
State launches new office of financial inclusion and empowerment
Linda Lacewell, superintendent of financial services, has also announced Tremaine Wright — previous representative for the 56th district of the New York State Assembly — as the office’s first director. “This office will advance the Department’s strategic financial inclusion initiatives, beginning with an inventory of services available from community organizations, advocacy groups, and industry across
NYCUA’s Mellin applauds NCUA offering relief to credit unions
The board of directors of the National Credit Union Administration (NCUA) on April 16 approved an interim final rule that will provide important financial relief and flexibility to credit unions. That’s according to an April 19 posting on the New York Minute blog on the New York Credit Union Association (NYCUA) website. In a message to
Alternatives to make $2.5M in business loans in next 3 years in Schuyler County
ITHACA, N.Y. — Alternatives Federal Credit Union of Ithaca announced it plans to make more than $2.5 million business loans throughout Schuyler County over the next three years. The financing will help support both existing businesses and help build new business enterprises, Alternatives said in an online news release. Eligible applicants must fall within the
Chemung Canal Trust gets approval for new branch near Buffalo
ELMIRA, N.Y. — Chemung Canal Trust Company, a unit of Chemung Financial Corp. (NASDAQ: CHMG), on March 25 received approval from the New York State Department of Financial Services (DFS) to open and operate a new branch office in the town of Clarence in Erie County. “With the COVID-19 pandemic financially squeezing New Yorkers and
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