Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
KeyBank using Blend platform for digital mortgage applications
KeyBank recently announced it is using a software platform provided by Blend (NYSE: BLND) that digitizes the end-to-end mortgage-application process for clients looking to purchase or refinance a home. San Francisco, California–based Blend provides a cloud-based banking platform to “streamline workflows and transform banking experiences for their customers,” per the Blend website. With the use […]
Greater Binghamton Chamber releases 2023 economic outlook
BINGHAMTON, N.Y. — The Greater Binghamton Chamber of Commerce held its annual Economic Forecast and Building BC Awards event on Tuesday. Peter Kneis, senior VP
People news: Adirondack Bank promotes Pellegrino to EVP
UTICA, N.Y. — Adirondack Bank announced it has promoted Elizabeth A. Pellegrino to executive VP and chief credit officer. Pellegrino started with the bank in
Lockheed Martin to pay dividend of $3 per share in late March
The Lockheed Martin Corp. (NYSE:LMT) board of directors has authorized a first-quarter, 2023 dividend of $3 a share. The dividend is payable on March 24, to holders of record as of the close of business on March 1. The payment is the same amount that the company paid in the fourth quarter, when it boosted the
NBT earnings dip slightly in Q4 and full 2022 year
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB), parent company of NBT Bank, closed out a challenging year of volatile interest rates and weak stock and bond markets with a slight drop in profit for the year and final quarter. But the banking company is optimistic about the year ahead. NBT, which ranks No. 3
Five Star Bank expands to Syracuse with loan office
Five Star Bank’s Syracuse office will be home to a three-person commercial and industrial team led by Alison Miller, the bank’s Central New York regional president and commercial and industrial executive. It’ll also be home to a commercial real-estate banker who will report to Craig Burton, the bank’s Finger Lakes/Southern Tier regional president and commercial
Burnout hitting consumer confidence, KeyBank survey finds
The KeyBank 2023 Financial Mobility Survey, released Jan. 9, finds Americans are in a “difficult” financial position as 55 percent faced financial challenges over the past year. The finding represents a “substantial” increase from the year prior (37 percent), with more than double the number of respondents saying their biggest financial faux pas involved budgeting issues
New CFO of Berkshire Bank parent begins his position
David Rosato — who served most recently as CFO of People’s United Financial, Inc., and prior to that as treasurer at Webster Financial Corporation — was set to join Berkshire on Feb. 6, as senior executive VP and CFO. In his new role, Rosato will serve as Boston–based Berkshire Hills Bancorp’s top financial leader. He
Visions FCU plans to build a new branch office in Oneonta
ONEONTA, N.Y. — Visions Federal Credit Union (FCU) says construction will start soon on its first branch in Oneonta. The new office will be located in the WellNow Plaza at 5001 State Highway 23, Visions said in its Jan. 30 announcement. The new office will allow individuals and businesses to conduct banking services, apply for
Visions donates $50K to American Foundation for Suicide Prevention
ENDWELL, N.Y. — Visions Federal Credit Union says it has donated $50,000 to the American Foundation for Suicide Prevention (AFSP) as part of “The Big Give” of 2022. Created by Visions in 2021, “The Big Give” is an annual initiative to make an “outstanding” charitable contribution to organizations performing community service within Visions’ three-state footprint,
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.