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Banks & Credit Unions
Hunter settles into new role as chief lending officer at Alternatives FCU
ITHACA, N.Y. — James Hunter is now a few months into his new role as chief lending officer at Alternatives Federal Credit Union (FCU) in Ithaca. Alternatives, which is located at 125 N. Fulton St. in downtown Ithaca, announced Hunter’s hiring in November. Before coming to Ithaca, he most recently served as executive director of […]
Chemung Financial adds Archibold to board
ELMIRA, N.Y. — The board of directors of Chemung Financial Corporation (NASDAQ: CHMG) elected Raimundo C. Archibold, Jr., to the board on Jan. 20. Archibold will stand for shareholder election at the annual meeting of shareholders in June, Chemung Financial said in a Jan. 25 news release. All directors of Chemung Financial also serve on
Members’ technology adoption prompts Summit FCU’s Camillus branch closure
CAMILLUS, N.Y. — About 70 percent of member-customers who use the Township 5 Camillus branch of the Summit Federal Credit Union (FCU) “primarily” use its mobile and online technology for their transactions. With the use of the technology, the branch has seen declining traffic and fewer transactions for the past few years. That’s why Laurie
VIEWPOINT: An Economic Outlook for 2021
This past year was an interesting one, to say the least. Although some may prefer to use other adjectives to describe 2020. COVID-19 provided a vast disruption of economic activity, with U.S. GDP declining 31.7 percent in the second quarter. However, the U.S. economy demonstrated remarkable resiliency and rebounded 32.7 percent in the third quarter. While the
Harper named chairman of National Credit Union Administration
Todd Harper has been named chairman of the board of directors of the Alexandria, Virginia–based National Credit Union Administration (NCUA). Harper was first nominated to serve on the NCUA board in February 2019, confirmed by the U.S. Senate in March 2019 and sworn in as a board member in April 2019. Prior to joining the board, Harper
KeyBank names Sampson director of Key4Women
KeyBank, a unit of KeyCorp (NYSE:KEY), recently announced it has ppointed Rachael Sampson as senior VP and director of its Key4Women program. Sampson will lead a nationwide network to promote and support women business owners and clients in seeking growth. She has been with KeyBank for 15 years and previously served as relationship manager of commercial banking
SYRACUSE, N.Y. — A new report from CenterState CEO finds 39 percent of nearly 200 area companies surveyed expect an increase in jobs and hiring
M&T Bank says 85 percent of PPP loan applications are coming from repeat borrowers
SYRACUSE, N.Y. — M&T Bank Corp. (NYSE: MTB), the largest SBA lender and bank ranked by deposits in Central New York, says that so far
KeyCorp to pay quarterly dividend of 18.5 cents a share in mid-March
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. The dividend is payable on March 15, to holders of record as of the close of
The Summit Federal Credit Union to close Camillus branch in Township 5
CAMILLUS, N.Y. — The Summit Federal Credit Union’s (FCU) branch located at Township 5 in Camillus will close at the end of business on Saturday,
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