Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
What's New
Upcoming Events
CNYBJ Job Board
Banks & Credit Unions
Mohawk Valley woman arrested for credit-card fraud of more than $2,200
HERKIMER, N.Y. — New York State Police in Herkimer have arrested a Whitesboro woman for credit-card fraud. Rochelle M. Bulinski, age 45, was charged with
Compass FCU expects to open new Fulton branch this year
FULTON — Construction crews have started work on a new branch for Compass Federal Credit Union (FCU) in Fulton and are expected to finish before the end of 2019. “We’ll be in [the new office] by the end of the year,” says Thomas O’Toole, manager of Compass FCU. He spoke with CNYBJ on July 22.
Seneca Savings to open new branch in Bridgeport area of Sullivan this fall
SULLIVAN — Seneca Savings is planning to open a new branch office in the hamlet of Bridgeport in the town of Sullivan in Madison County. The new office will operate at 584 Route 31 in Sullivan. Seneca Savings anticipates it will open this fall, per a July 23 news release. Seneca Savings also announced that
Community Bank’s Q2 net income edges up 1 percent
Adjusted EPS beats analysts’ expectations DeWITT — Community Bank System, Inc. (NYSE: CBU) recently reported that its net income edged up 1 percent to $45 million in the second quarter from $44.6 million in the second quarter of 2018. The DeWitt–based banking company’s earnings per share (EPS) was unchanged at 86 cents. But its adjusted net
Tompkins Financial to pay dividend of 50 cents a share on Aug. 15
ITHACA — Tompkins Financial Corp. (NYSE: TMP) will pay a regular quarterly cash dividend of 50 cents a share on Aug. 15. It is payable to common shareholders of record on July 30. The dividend is the same amount that Tompkins Financial paid last quarter. At the banking company’s current stock price, the payment yields
NBT Bank promotes Salati to assistant VP
ENDICOTT — NBT Bank announced that it has recently promoted Patricia Salati, its Endicott branch manager, to assistant vice president. Salati has more than 40 years of experience in the financial-services business and joined NBT Bank in 2008 as branch manager of its Binghamton Northgate office. In 2013, she transferred to NBT’s Endicott office as
KeyCorp boosts quarterly dividend by 9 percent
KeyCorp (NYSE: KEY) — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — has raised its quarterly dividend by 9 percent. The Cleveland, Ohio–based banking company announced on July 17 that that its board of directors has declared a cash dividend of 18.5 cents a share
Tompkins Financial profit declines in 2nd quarter
ITHACA — Tompkins Financial Corp. (NYSE: TMP) recently reported that its net income in the second quarter fell 12 percent to $19.4 million, or $1.27 per share, from $22.1 million, or $1.43 a share, in the year-ago period as a difficult interest-rate landscape squeezed its margins. “Though overall performance remains very good, we did see
I’m an economist, so I naturally have a fascination with data, statistics, and what we can learn from them. But the reason I find economics so interesting isn’t the numbers or the charts — it’s how they shape the everyday lives of people. And that’s the reason running a Federal Reserve Bank is such a privilege.
What is a bank’s role in community financial literacy
Financial literacy is defined as possessing the financial expertise needed to make healthy financial choices. It’s a topic that is extremely important for all ages, but often can be overlooked. As a financial institution, how can a bank contribute to the financial literacy and continued learning of its customers and its community? The need is apparent,
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.