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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
M&T Bank donates $25,000 to Broome County COVID-19 relief fund
BINGHAMTON, N.Y. — Buffalo–based M&T Bank (NYSE: MTB) — the largest bank in the Binghamton metro area, ranked by deposit market share — has donated
M&T Bank made nearly 1,700 PPP loans in CNY in one week
SYRACUSE — M&T Bank Corp. (NYSE: MTB), the largest bank in the 16-county Central New York region by deposits, says it made more government-guaranteed loans to small businesses in the Syracuse/Utica region in one week than it did nationally in all of 2019. Buffalo–based M&T Bank approved 1,660 loans, totaling $371 million, in the Syracuse/Utica
The Summit FCU to install updated ATMs at all locations
The Summit Federal Credit Union plans to install updated ATMs at all its locations at various times in 2020. These new ATMs bring a “new level of convenience to users while using the latest safety features” for personal safety and account security, the Rochester–based credit union announced. “Over 2019 and 2020, The Summit Federal Credit Union
Visions COO recognized by Tioga Chamber for board service
OWEGO — The Tioga County Chamber of Commerce recently recognized one of the top officials at Visions Federal Credit Union (Visions FCU) for his years of service on its board of directors. Edward Butler, executive VP and COO of Visions FCU, had served on the board since 2007 — mostly as treasurer on the executive
M&T Bank’s $150K donation to benefit COVID-19 relief funds
The effort to support coronavirus relief for nonprofits in Central New York and the Mohawk Valley is getting a boost. M&T Bank (NYSE: MTB) is donating a total of $150,000 to both the Mohawk Valley COVID-19 Response Fund and the Central New York COVID-19 Community Support Fund. The charitable investments will “bolster” the two regional
Solvay Bank says shareholders can’t attend April 28 annual meeting in person
SOLVAY — Solvay Bank Corp. announced April 21 that shareholders will not be permitted to attend its shareholders annual meeting in person on April 28. The bank cited the ongoing coronavirus pandemic and public-health guidelines issued by New York State and the Centers for Disease Control and Prevention. Only directors and a select number of
How Working Capital can Help Small Businesses Cover Immediate Costs
Companies of all sizes, across most industries, are experiencing financial hardship as a result of the COVID-19 crisis. With businesses mandated to pause or restructure, owners are facing layoffs, reduced (or depleted) revenue, and potential closure. During this downtime, it’s critical for business owners to make financial viability a top priority so they can position themselves
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