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M&T Bank to pay quarterly dividend of $1.20 per share on Sept. 30
M&T Bank Corporation (NYSE: MTB) recently announced that it has declared a quarterly cash dividend of $1.20 a share on its common stock. The dividend will be payable on Sept. 30 to shareholders of record as of the close of business on Sept. 1. M&T Bank Corp. is a financial-holding company headquartered in Buffalo. Its […]
Five Star Bank parent company to pay Q3 dividend in early October
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent of Five Star Bank, recently announced that its board of directors has approved a quarterly cash dividend of 29 cents per common share outstanding. The banking company will pay the third-quarter dividend on Oct. 3, to shareholders of record on Sept. 16. It’s the same amount
VIEWPOINT: 3 Ways Business Executives Can Fight Inflation
The dollar had an average inflation rate of nearly 9 percent in the last year. As a result, the real value of a dollar has been decreasing recently. The increasing inflation rate has dramatically impacted business and the economy. Many business executives seek practical strategies to fight inflation. 3 most important inflation impacts on businesses #1 Cash
State offers $6.5M to develop insurance policies to promote clean technologies
A new state program is focused on the research and development of new insurance policies and products “that will promote the adoption of clean technologies” across New York state. Gov. Kathy Hochul on Sept. 1 announced $6.5 million to support the “Insurance Innovation for Climate-Technology Solutions” program. The initiative will provide funding for products that manage
Oswego Health tuition assistance helps 30 employees so far
OSWEGO, N.Y. — Oswego Health in 2020 launched a tuition-assistance program for employees who would like to advance their training. To date, a total of 30 employees have benefited from the program with Oswego Health financially investing more than $383,000. The employees include registered nurse (RN) Melissa Johnson, who was one of 20 RNs who
VIEWPOINT: What Employers Need to Know about the NYS Healthcare Worker Bonus program
On Aug. 3, 2022, details of a new Healthcare Worker Bonus (HWB) Program were introduced in the New York State 2022-2023 budget. It allocates $1.3 billion for the payment of recruitment and retention bonuses to certain employees in frontline health care and mental-hygiene positions. This program follows the ongoing workforce effects from the global coronavirus pandemic
VIEWPOINT: A New World of Investing: Combating Inflation through Innovative Strategies
When it comes to investing, there have been a set of standard practices that have benefited long-term investors. That being said, in our current economic climate, where inflation rates are at an all-time high and the average American holds more than $90,000 in debt, investors have had to turn to new, modern ways to invest
People news: Preferred Mutual hires DeHetre as senior VP
NEW BERLIN, N.Y. — Michael DeHetre has joined Preferred Mutual Insurance Company as senior VP of underwriting and product. He will provide leadership and strategic
Chemung Financial names Meade to board of directors
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced that its board of directors has elected Joseph F. Meade IV to a seat on the board. Meade will stand for shareholder election of a two-year term at the banking company’s annual meeting of shareholders in June 2023. All directors of Chemung Financial also serve on
Visions CEO Muse receives AACUC Lifetime Achievement Award
ENDWELL, N.Y. — The African-American Credit Union Coalition (AACUC) recently announced Ty Muse, Visions Federal Credit Union (FCU) president and CEO, as the 2022 honoree of its Pete Crear Lifetime Achievement Award. The Pete Crear Lifetime Achievement Award recognizes “a credit union professional or volunteer whose career best embodies the AACUC’s mission to increase the
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