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Upstate Medical, Crouse Health to host public forums on upcoming Upstate acquisition
SYRACUSE, N.Y. — Upstate Medical University and Crouse Health will hold two public forums on Upstate’s proposed acquisition of Crouse. The sessions are set for
Security Mutual Life Insurance names new CFO
BINGHAMTON, N.Y. — Mary C. Ward has been promoted to senior VP, chief financial officer at Security Mutual Life Insurance Company of New York. In
Countryside and Northern Credit Unions plan to merge
WATERTOWN, N.Y. — The members of Countryside Federal Credit Union (FCU) are expected to vote on and approve a proposed merger with Watertown–based Northern Credit Union on Aug. 1. Countryside FCU is located at 5720 Commons Park Drive in DeWitt. The proposed combination “will be finalized in the fall following an anticipated positive vote” by
Visions Federal Credit Union’s COO Butler retires
ENDWELL, N.Y. — Ed Butler, executive VP and chief operating officer (COO) of Visions Federal Credit Union, has retired after 42 years with the organization. Butler started working for Visions on July 8, 1980 and retired on July 8 of this year, per the credit union’s July 18 news release. Butler began his career with
Tompkins Financial to pay Q3 dividend of 57 cents
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) announced that its board of directors has approved payment of a regular quarterly cash dividend of 57 cents a share for the third quarter. The dividend is payable on Aug. 12, to common shareholders of record on Aug. 2. It is the same amount that the Ithaca–based
Community Bank’s Penny named to AHA’s Syracuse Advisory Board
DeWITT, N.Y. — Community Bank N.A. announced that its VP and director of marketing, Dara Penny, has been appointed to the American Heart Association’s (AHA) Syracuse Advisory Board. In this new role, Penny will help drive AHA’s “mission for a world of longer, healthier lives through fundraising, advocacy, and volunteer efforts.” Penny, who has been
NBT Bancorp profit dips slightly in Q2
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) reported that its second-quarter net income dropped to $37.8 million, or 88 cents a share, from $40.3 million, or 92 cents per share, in the year-ago quarter. Net interest income recognized in this year’s second quarter from the federal Paycheck Protection Program (PPP) was about $1.3 million,
NCUA rates the Summit FCU as “well capitalized”
The Summit Federal Credit Union (FCU) is rated as “well capitalized” by regulators with the National Credit Union Administration (NCUA). It represents NCUA’s highest rating category for credit union net worth, the Summit FCU said in a May 20 release providing details about its May 19 virtual annual meeting. The credit union said it “enjoyed
Brown & Brown Insurance to pay Q3 dividend in mid-August
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 10.25 cents per share for the third quarter. The dividend is payable on Aug. 17 to shareholders of record on Aug. 10, the insurance
Chemung Canal Trust adds account for the underserved
ELMIRA, N.Y. — Chemung Canal Trust Company recently added a new checking product aimed at people who don’t currently utilize a bank or credit union. Referred to as “unbanked” or “underbanked,” these people do not use a financial institution for a variety of reasons, says Scott Heffner, senior VP and director of marketing at Chemung
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