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Community Bank System’s Q3 profit slips 9 percent
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) — parent of Community Bank, N.A. — reported net income of $44.1 million, or 82 cents a share, in the third quarter, down 9.4 percent from $48.7 million, or 90 cents per share, in the same quarter a year ago. The earnings dip primarily resulted from […]
AmeriCU names Wood assistant VP of strategic partnerships
ROME, N.Y. — AmeriCU Credit Union recently promoted Heather Wood to assistant VP of strategic partnerships, a role in which she will build and maintain partnerships that align with the credit union’s strategic goals. Wood brings more than 20 years of experience in the industry to the new role, where she will work with internal
People news: Eastup joins George Group at Baird’s Utica office
UTICA, N.Y. —Baird announced it has added Dalton Eastup as a financial advisor to the George Group, part of its Utica private wealth-management office. Eastup
People news: AmeriCU Investment Services adds virtual financial advisor
ROME, N.Y. — AmeriCU Credit Union announced it has added David Brown to the AmeriCU Investment Services staff as a virtual financial advisor — serving
Tenney pushes bill to help tiny firms to offer retirement plans
It’s a proposal to incentivize micro-businesses with fewer than 10 employees to adopt retirement plans, helping more workers save for retirement. U.S. Representative Claudia Tenney (R–Canandaigua) on Oct. 23 introduced the Retirement Investment in Small Employers Act (RISE Act), along with Rep. Dan Kildee (D–MI). Background As Tenney’s office explained it, the SECURE 2.0 Act
Excellus awards health-equity funding to Utica region groups
UTICA, N.Y. — Excellus BlueCross BlueShield, Central New York’s largest health insurer, has announced several Utica region recipients of its 2023 Health Equity Innovation Awards.
People news: Upstate Medical names assistant VP for internal audit and enterprise risk management
SYRACUSE, N.Y. — William G. Veit has been named assistant VP for internal audit and enterprise risk management at Upstate Medical University. He also serves
Amphitheater at Lakeview has a new name, big concert coming next June
GEDDES, N.Y. — The Amphitheater at Lakeview, which has hosted several high-profile music concerts in recent years, now has a new name and another big
IAED hopes to soon hit funding goal of 5-year investment initiative
ITHACA, N.Y. — Ithaca Area Economic Development (IAED) has reached 65 percent of its $2.1 million goal in its five-year investment initiative and hopes to reach the goal over the next few months. IAED announced the public launch of its five-year investment initiative — Th!nk Tompkins — on Sept. 21 during a private reception held
SUNY uses sustainability bonds to raise $113M for its residency-hall program
ALBANY, N.Y. — SUNY says the Dormitory Authority of the State of New York (DASNY) raised $113 million to support SUNY’s residence-hall program. DASNY raised the funding through its first-ever issuance of sustainability bonds, per a Sept. 13 announcement. The authority issued SUNY dormitory facilities revenue bonds with a sustainability designation. SUNY will use proceeds
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