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Banks & Credit Unions
AmeriCU formally opens remodeled Herkimer location
HERKIMER, N.Y. — AmeriCU Credit Union on Monday (June 10) unveiled its recently remodeled Herkimer Financial Center, which features new technology to better serve its members. Changes include the installation of interactive teller machines (ITMs) that offer members enhanced services through a teller-assist functionality that provides personal assistance by a live representative, the credit union […]
KeyBank rolls out KeyVAM for treasury-management clients
Uses Qolo’s technology platform KeyBank (NYSE: KEY) is now offering KeyVAM, which it describes as a virtual account-management product for treasury-management clients who have “complex” demand deposit account (DDA) structures and want to streamline their cash-flow and account structure. Cleveland, Ohio–based KeyBank is the No. 2 bank ranked by deposit market
Tompkins Financial Advisors grows through relationships
ITHACA, N.Y. — It’s been a tricky time for wealth management since the global COVID pandemic, but Tompkins Financial Advisors, the wealth-management firm of Tompkins Financial Corp., isn’t slowing down. “This is where the rubber meets the road,” says Jennifer Green, senior VP and managing director of Tompkins Financial Advisors’ Central New York region. “We’ve
AmeriCU Credit Union partners with Rome Health amid hospital expansion project
ROME, N.Y. — AmeriCU Credit Union has announced a partnership with Rome Health to support the enhancement of surgical services and critical-care facilities. The alliance will strengthen the availability of state-of-the-art surgical procedures and critical-care services, focusing on initiatives to acquire advanced medical equipment, enhance facilities, improve technology, and support specialized training for medical staff
Berkshire Hills Bancorp announces CFO changeup
Berkshire Hills Bancorp, Inc. (NYSE: BHLB), parent of Berkshire Bank, recently announced the departure of R. David Rosato as chief financial officer (CFO) and the appointment of Brett Brbovic, currently chief accounting officer, to the CFO role effective June 14. Rosato joined Berkshire in February 2023 after working for 15 years at People’s United Financial,
NBT completes leadership transition plan
NORWICH, N.Y. — NBT Bancorp, Inc., (NASDAQ: NBTB) announced this week it has wrapped up its CEO succession plan with Scott A. Kingsley succeeding John.
Sidney Federal Credit Union formally opens new Cicero branch office
CICERO — Sidney Federal Credit Union (SFCU) on May 4 formally opened the doors to its first Syracuse–area branch at 8062 Brewerton Road in Cicero. The office features a concierge-style concept that SFCU has been adopting in its new branch builds, with personal teller pods and video-enabled interactive-teller machines (iTMs) that allow members to connect
KeyCorp to pay 2nd quarter 2024 dividend in mid-June
KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the second quarter of this year. The dividend is payable on June 14 to
New state cyber rules may apply to some credit unions
Last November, the New York State Department of Financial Services (DFS) made updates to its cybersecurity regulations that may require credit unions to comply depending on what type of subsidiary lines of business the credit union operates, according to one cybersecurity expert. “Credit unions are typically not included because they are federally chartered,” FoxPointe Solutions
Pathfinder Bancorp CFO to retire; bank names successor
OSWEGO — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), parent company of Pathfinder Bank, on May 8 announced that its senior VP and chief financial officer (CFO), Walter F. Rusnak, 70, will retire from the role after a career spanning more than 40 years in finance, effective June 28. The Oswego-based banking company announced it has selected
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