Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Banks & Credit Unions
Berkshire Bank to close Rome branch, consolidate with nearby office
ROME, N.Y. — Berkshire Bank announced it has decided to close its branch at 100 W. Dominick St. in Rome and consolidate it with its
Community Bank’s Q4 net income rises nearly 9 percent
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently reported that its net income rose nearly 9 percent to $46.5 million in the fourth quarter from $42.9 million in the year-prior period. The DeWitt–based banking company’s earnings per share (EPS) increased to 86 cents a share from 82 cents a year ago. The increase
Compliance is “most utilized” support service NYCUA offers, membership survey finds
Some members of the New York Credit Union Association (NYCUA) — the trade association for the state’s credit unions — say compliance is the “most utilized” support service that it offers. That’s according to NYCUA’s 2020 membership survey. It included feedback from 69 credit-union leaders, representing about a quarter of the association’s membership. NYCUA conducted the
Empower paid $4 million give-back dividend to members for 2020
SYRACUSE, N.Y. — Empower Federal Credit Union paid its members a total of $4 million in “giveback” bonus dividends and interest rebates for 2020. The amount each member receives represents a percentage on savings-account dividends earned and a rebate on loan interest paid throughout the year, the Syracuse–based credit union said in a release. Members
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
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.