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Insurance & Financial Services

Community Bank System appoints Knauss as new independent director

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced it has appointed Jeffery (Jeff) Knauss to its board of directors as a new independent director.  His election expands the banking company’s board to 13 directors, 12 of whom are independent. Knauss was also appointed to the board of directors of Community Bank, N.A., […]

Syracuse small businesses can apply for pandemic-relief loans

SYRACUSE, N.Y. — Interested Syracuse small businesses have until Dec. 31 at 12 p.m. to apply for loans as part of the first round of new small-business lending programs funded by the American Rescue Plan Act (ARPA). The Syracuse Economic Development Corporation (SEDCO) on Dec. 3 started accepting applications for the $1 million that’s available

NONPROFIT MANAGEMENT: ‘Tis the Season for Donations

Tax-exempt organizations throughout New York state are in a state of confusion regarding future governmental funding and the potential for funding clawbacks. With governmental funding being unpredictable and costs increasing significantly in the current climate, more nonprofits are ramping up their fundraising efforts, thus increasing the competition for contributions. The ability to raise funds can make

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DFS issues final guidance for N.Y. insurers on financial risks from climate change

ALBANY, N.Y. — The New York State Department of Financial Services (DFS) on Nov. 15 issued final guidance to state–regulated domestic insurers detailing DFS’s expectations on their management of the financial risks from climate change. After issuing a proposed version of the guidance in March, DFS said it received comments from a broad range of

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