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Midstate Mutual Insurance appoints two new directors
Currier Currier is an attorney with Baron & Budd, PC of Dallas, Texas and advocates for victims of asbestos-related diseases. She is licensed to practice in both New York and Texas. Currier previously worked as a solo practitioner “serving our local community.” She has also worked at Lockheed Martin with executive leadership in human-resources strategic […]
Brown & Brown appoints Mathis as chief legal officer
Brown & Brown, Inc. (NYSE:BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced it has appointed Robert Mathis as its chief legal officer. Mathis will also serve on the senior leadership team of the national insurance-brokerage firm. Before joining Brown & Brown, Mathis served as a senior VP for KBR, Inc.,
Connecticut bank shareholders approve merger with NBT Bank
NORWICH, N.Y. — The shareholders of a Connecticut banking company have voted to approve a proposed merger with NBT Bancorp Inc. (NASDAQ: NBTB), the parent
Oswego County FCU to donate $25K to selected nonprofits during April and May
OSWEGO, N.Y. — Oswego County Federal Credit Union (FCU) plans to donate $25,000 to a variety of area nonprofit organizations throughout April and May. Now
Masonic Care Community receives Excellus funding for rehabilitation equipment
UTICA, N.Y. — The Masonic Care Community announced it has recently received sponsorship funding from Excellus BlueCross BlueShield to enhance its rehabilitation and fall-prevention activities
Dowd named Pathfinder Bank president and CEO
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, announced April 3 that its board of directors has named James A. (Jim) Dowd as president and CEO of the company and the bank. Dowd had served in both roles on an interim basis since April 14, 2022, following the
Succession planning leads to smoother ownership transitions
“Any business who looks out and says in 5 to 10 years, I don’t want to do this anymore,” should start succession planning now, says Richard Scrimale, chair of the business department and succession planning counsel at Hancock Estabrook, LLP in Syracuse. Succession planning, in its most basic terms, is how a business will transition
VIEWPOINT: Planning a Benevolent Business Exit
If you’re a business owner, at some point you may begin thinking about an exit strategy. Sometimes that strategy presents itself in the form of an unplanned, unsolicited buyer. Before you engage any potential acquirers, you might want to explore the benefits of contributing an ownership interest in your business to a donor-advised fund or
Moody’s upgrades Broome County financial rating
BINGHAMTON, N.Y. — Moody’s Investors Service has upgraded Broome County’s financial rating — to A1, from A2 — for the first time since 2011. In
Solvay Bank to pay quarterly dividend of 42 cents a share in late April
SOLVAY, N.Y. — Solvay Bank Corp. (ticker: SOBS), the holding company for Solvay Bank, recently announced that its board of directors has declared a cash dividend of 42 cents per share of its common stock for the first quarter. The dividend is payable on April 28, to shareholders of record at the close of business
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