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Chemung Financial to pay Q1 dividend of 31 cents in early April
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced that its board of directors has approved a quarterly cash dividend of 31 cents a share of its common stock. The banking company will pay the dividend on April 3, to shareholders of record as of the close of business on March 20. At Chemung […]
People news: AmeriCU hires new financial center manager
ROME, N.Y. — AmeriCU Credit Union has hired Heidi Stewart as manager of its Griffiss Financial Center in Rome. In her new role, Stewart will
Byrne appointed to M&T Bank Directors Advisory Council for CNY
SYRACUSE, N.Y. — M&T Bank recently announced it has appointed Mark V. Byrne, president & CEO, of Sonbyrne Sales Inc./Byrne Dairy Stores, to its Directors Advisory Council for Central New York. Serving as ambassadors to the business community, the 10-member council meets regularly throughout the year to provide bank leadership with valuable perspectives and solutions
Pathfinder Bancorp profit slips 10 percent in Q4
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the holding company for Pathfinder Bank, recently reported net income of $3.5 million, or 58 cents a share, in the fourth quarter, down 10 percent from $3.9 million, or 64 cents, in the year-prior quarter. The banking company reported total revenue (net interest income plus total noninterest
Excellus reports 50 percent drop in net income in 2022
ROCHESTER, N.Y. — Excellus BlueCross BlueShield, Central New York’s largest health insurer, reported net income of $58.9 million on $6.6 billion in premium revenue in
N.Y. manufacturing index rises but still shows contraction
General business-conditions index up 27 points to -5.8 in February New orders declined modestly, and shipments held steady as the general business-conditions index of the Empire State Manufacturing Survey climbed 27 points in February to -5.8. The index had fallen 22 points to -32.9 in January, representing its lowest level since mid-2020 and the fifth worst
Maine woman faces 67 charges for thefts from area Empower FCU branches
NORTH SYRACUSE, N.Y. — State Police in North Syracuse arrested a Portland, Maine woman on Feb. 16 on 67 charges for allegedly stealing nearly $20,000
MVHS awarded $150,000 Excellus grant for pregnancy program
UTICA, N.Y. — Mohawk Valley Health System’s (MVHS) CenteringPregnancy program has received a $150,000 Member and Community Health Improvement (MACHI) grant from Excellus BlueCross BlueShield to help improve maternal health and health equity. MVHS says it offers the area’s only licensed CenteringPregnancy program, which brings eight to 10 women, all due at the same time,
NBT Bank to move CNY regional HQ to The Post later this year
SYRACUSE, N.Y. — NBT Bank says it is planning to move its Central New York regional headquarters to The Post building later this year. The Post is the rebranded name of the building that was formerly home to The Post-Standard newspaper, which VIP Development Associates, the development arm of VIP Structures, is renovating into its
SECURE 2.0 Act brings changes to retirement planning
SYRACUSE — Passed at the end of 2022, the SECURE 2.0 Act contains many new benefits for employers as well as employees in hopes of boosting retirement savings across the country. The act (formally known as the Consolidated Appropriates Act of 2023 (HR 2617) builds upon the 2019 SECURE Act with about 90 provisions that
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