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Onondaga County maintains “high” bond ratings from Moody’s, S&P
SYRACUSE, N.Y. — Two ratings agencies have affirmed Onondaga County’s “high” bond rating. S&P Global Ratings assigned its ‘AA’ rating with a stable outlook to
SEFCU plans to merge with another Capital Region credit union
ALBANY, N.Y. — Albany–based SEFCU, which operates branches in Central New York, says it plans to merge its operations with CAP COM, another federal credit
Tompkins Financial profit rises nearly 7 percent in 2nd quarter
ITHACA, N.Y — Tompkins Financial Corp. (NYSE: TMP) reported that its net income rose 6.5 percent to $22.8 million in the second quarter from $21.4
Ithaca Area Economic Development invests in local energy company
ITHACA, N.Y. — Ithaca Area Economic Development (IAED) announced it has approved a $50,000 convertible-debt investment for Dimensional Energy, a company that extracts carbon dioxide
Tompkins Financial Advisors names Green CNY managing director
ITHACA, N.Y. — Tompkins Financial Advisors announced it has recently promoted Jennifer Green to VP and managing director of its Central New York region. In this post, based in Ithaca, Green is responsible for growing the number of customers and assets under management in the region by “ensuring each of the company’s team of advisors
Community Bank appoints Breed as commercial-banking team leader
DeWITT, N.Y. — Community Bank N.A. announced it has promoted Thomas Breed to VP, team leader of commercial banking. In his new role, based in DeWitt, Breed will manage a team supporting a wide variety of commercial-banking customers in the Central New York region, including small businesses and middle-market firms. He and his team will
NYCUA Recognition Awards honor Visions, Horizons, & SEFCU board chairman
ALBANY, N.Y. — Visions Federal Credit Union (FCU) and Horizons Federal Credit Union in Broome County and the chairman of the SEFCU board of directors were among those honored with NYCUA Recognition Awards. The awards were part of the New York Credit Union Association’s (NYCUA) virtual annual meeting and awards ceremony held June 24. Social
CFCU Community Credit Union posthumously honors board member
ITHACA, N.Y. — The CFCU Community Credit Union board of directors has voted to posthumously honor Joseph (Joe) During with the title of director emeritus. During is the first CFCU board member bestowed with the recognition, CFCU said in a June 29 news release. The title of director emeritus honors retiring board members who have
Five Star Bank names regional presidents
WARSAW, N.Y. — Five Star Bank, a unit of Financial Institutions, Inc. (NASDAQ: FISI) recently announced it has appointed regional bank presidents. The bank has named Craig Burton Finger Lakes/Southern Tier regional president, in addition to his role as commercial real-estate executive, according to a June 17 Five Star Bank news release. Burton continues to
KeyCorp to pay dividend of 18.5 cents a share for Q3
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 18.5 cents per share of its common stock for the third quarter. The dividend is payable on Sept. 15, to holders of record as
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