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M&T Bank nearing selection of site for its new Syracuse office
SYRACUSE, N.Y. — M&T Bank is getting close to selecting the new site of its Central New York regional headquarters office and main local branch
Berkshire Hills Bancorp elects Dunlaevy as board chairman
Berkshire Hills Bancorp, Inc. (NYSE: BHLB) — the Boston–based parent of Berkshire Bank, which has a major presence in the Mohawk Valley — announced that its board of directors has unanimously elected J. Williar (Bill) Dunlaevy as its chairman, effective Dec. 1. A former bank CEO, Dunlaevy has served as a Berkshire director since 2011
People news: AmeriCU names Rizzo-Spilka VP of membership development
ROME, N.Y. — AmeriCU announced it has appointed Gail Rizzo-Spilka as assistant VP of membership development. Rizzo-Spilka will be responsible for growing and cultivating relationships
Community Bank System to acquire Steuben Trust Corp. for $107 million
HORNELL — Community Bank System, Inc. (ticker: CBU), parent of Community Bank, N.A., on Oct. 21 announced it has agreed to acquire Steuben Trust Corporation (ticker: SBHO), parent company of Steuben Trust Company, in a stock and cash deal valued at $106.8 million. DeWitt–based Community Bank says the deal extends its reach in Western New
KeyCorp net income declines in 3rd quarter
But, adjusted earnings per share beats the analysts’ estimates KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — reported that its net income from continuing operations fell to $383 million, or 38 cents a share, from $468 million, or 45 cents, in
How Big Data is Shaping the Future of CNY’s Economy
Big data, artificial intelligence (AI), internet of things (IoT), and 5G are all transforming the business world — and they’re transforming the Central New York economy in the process. According to a survey by NewVantage Partners, 97.2 percent of C-level executives said their companies are investing in, building or launching big data and AI initiatives.
AmeriCU begins operations in new Onondaga Hill location
ONONDAGA — AmeriCU Credit Union is now operating in its new Onondaga Hill branch at 4865 West Seneca Turnpike in the town of Onondaga. The new office started operations in that location in late September, says Ron Belle, chief experience officer at AmeriCU. The branch had previously operated at Onondaga Community College (OCC) for the
NYCUA board includes Summit, AmeriCU officials
Scholarship program helps 30 students ALBANY — Executives from federal credit unions operating in Central New York are serving on the board of directors of the New York Credit Union Association (NYCUA). NYCUA also announced that its scholarship program provided financial help to more than two dozen college-bound credit-union members this year.
NBT Bank moving Maine regional HQ to new building in Portland
PORTLAND, Maine —NBT Bank is relocating its Maine regional headquarters office in Portland to a new building that has been constructed along the city’s waterfront. Norwich–based NBT Bank, a unit of NBT Bancorp (NASDAQ: NBTB), will move the Maine regional office from its current location at 254 Commercial St. in Portland to a location about
CFCU Transformation Center Formally Opens
CFCU Community Credit Union on Sept. 19 celebrated the formal grand opening of its Transformation Center and administrative offices in the Bank Tower building on the Ithaca Commons. The new branch includes emerging banking technologies, such as palm readers, interactive touch tables, and virtual teller machines. The Transformation Center opened on June 3. Pictured in
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