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VIEWPOINT: How Community Financial Institutions Can Compete, Collaborate with FinTech
In 1967, the first automated teller machine (ATM) was installed in a Barclays branch, enabling banking customers to withdraw cash from their account without visiting a teller line. Since then, technology has taken center stage in financial services. Today, consumers have instant access to their entire financial lives no matter where they are on the […]
AmeriCU introduces USDA-backed mortgage loans
Seeks to help more members secure home ownership ROME — AmeriCU Credit Union recently announced it has added mortgage loans, backed by the
Chemung Financial profit slips more than 20 percent in second quarter
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), the parent company of Chemung Canal Trust Company, recently reported that its profit declined more than 20
Commercial market remains on steady heading, banker says
SYRACUSE, N.Y. — The commercial real-estate market in Syracuse and surrounding areas remains stable post-pandemic, bucking the trend some other cities are seeing with increasing vacancy rates. The much-feared recession hasn’t happened, says Lindsay Weichert, senior VP and commercial group practice manager at Community Bank, and the market has avoided any big swings. Across the
MVHS announces new chief operating officer
UTICA, N.Y. — Mohawk Valley Health System (MVHS) has announced the hiring of William W. LeCates as chief operating officer (COO). As COO, LeCates is responsible for clinical-support services, operational-support services, supervising MVHS product lines, and working closely with quality and medical education. He joins MVHS from JPMorgan Chase, where he provided clinical oversight of
Tioga State Bank to open Johnson City branch
JOHNSON CITY, N.Y. — Tioga State Bank (TSB) will open a new branch in Johnson City later this summer. It will be the bank’s fifth location in the greater Binghamton area, where it already has two branches in Binghamton, one in Vestal, and one in Endwell. “We are thrilled to open this office in the
Pathfinder Bancorp to pay latest quarterly dividend in early August
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The second-quarter 2024 dividend is payable on Aug. 9 to all shareholders of record on July 19, according to an announcement from James A. Dowd, president and
Regional small businesses win New York SBDC awards, “Roadshow” presentations scheduled
ALBANY, N.Y. — Businesses in Lowville, Utica, Oneonta, and Hogansburg in Franklin County are among those that will be recognized in the weeks ahead as
Geddes Federal’s Manlius branch has a new manager
MANLIUS, N.Y. — Geddes Federal Savings and Loan Association has named a new manager for its branch in Manlius. Linda Meade is assuming the duties of branch manager. Meade is succeeding Christy Krzywda in that role, the organization tells CNYBJ in an email. Krzywda, a junior officer in the savings department, has relocated to the
Five Star Bank parent company to pay Q2 dividend of 30 cents a share in early July
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), holding company of Five Star Bank, recently announced that its board of directors approved a quarterly cash
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