Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
M&T Bank approaches nearly 2,000 PPP loans in Syracuse-Utica region
SYRACUSE, N.Y. — M&T Bank Corp., the largest bank in the 16-county Central New York region by deposits, says it has so far made 1,995
Chemung Financial profit falls 44 percent in 1st quarter
ELMIRA — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently reported that its net income fell 44 percent to $2.5 million, or 51 cents a share, in the first quarter, from $4.5 million, or 92 cents, in the year-ago period. The banking company said its results were hurt by the
Businesses with PPP loans under $2 million can relax a little following new SBA guidance
The SBA said that “safe harbor” for PPP borrowers under $2 million “is appropriate because borrowers with loans below this threshold are generally less likely
AmeriCU Credit Union selects new CEO
ROME, N.Y. — The board of directors of credit union AmeriCU has selected Ronald Belle to succeed CEO Mark Pfisterer, who last year announced his
Tompkins Financial to pay Q2 dividend of 52 cents on May 18
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors approved payment of a regular quarterly cash dividend of 52 cents a share for the second quarter. The dividend is payable on May 18, to common shareholders of record on May 11. It’s the same amount that Tompkins Financial paid in
SBA says it’s still not too late for small businesses to get a PPP loan
The PPP loans are meant to help small businesses and nonprofits stay afloat during the COVID-19 pandemic, by funding eight weeks of payroll and certain
Chemung Financial moves May 13 annual meeting from hotel to HQ
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG), parent company of Chemung Canal Trust Company, recently announced that it has moved its annual meeting of
Community Bank System to hold virtual annual shareholder meeting due to COVID-19
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) announced that it will host its 2020 annual meeting of shareholders virtually due to government-mandated social-distancing
CenterState CEO, KeyBank announce $150K small business emergency relief grant program
SYRACUSE, N.Y. — CenterState CEO on Friday announced a $150,000 small-business stabilization fund from which grants are available for “under-resourced” small businesses affected by COVID-19
Utica announces first round of economic-stimulus loans
UTICA, N.Y. — Utica Mayor Robert Palmieri on Thursday announced the first round of loans for local businesses that applied for the city’s economic-stimulus loan
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.