Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Commerce Chenango to host economic-outlook event on Feb. 25
NORWICH, N.Y. — Commerce Chenango will host its annual economic-outlook briefing on Thursday, Feb. 25 in partnership with NBT Bank. The virtual event is scheduled
NBT Bank accepting applications for its management-development program
NORWICH, N.Y. — NBT Bank is currently accepting applications for its management-development program. The program prepares participants to assume mid-level professional roles with the bank
Brown & Brown Insurance to pay quarterly dividend on Feb. 17
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 9.25 cents a share. The dividend is payable on Feb. 17 to shareholders of record on Feb. 5, the insurance agency said in a
NBT Bank profit rises 15 percent in fourth quarter
NORWICH, N.Y. — NBT Bancorp, Inc. (NASDAQ: NBTB) recently reported that its net income rose more than 15 percent to $34.2 million, or 78 cents a share, in the fourth quarter from just under $29 million, or 66 cents, in the year-ago period. Higher net interest income and a lower provision for loan losses, partly
VIEWPOINT: NYS DOL Indefinitely Cancels Unemployment-Insurance Charges
On Jan. 14, 2021, New York State Department of Labor (DOL) Commissioner Roberta Reardon signed an order to temporarily modify the unemployment-benefit charging system and ease the burden for unemployment-insurance charges incurred by all employers during the COVID-19 pandemic. The order provides that all unemployment benefits paid out to claimants since March 9, 2020 will be charged
Tioga State Bank demolishing a Binghamton property for future development
BINGHAMTON, N.Y. — Tioga State Bank (TSB) announced that it recently began to demolish a property on the south side of Binghamton that the bank
Berkshire Bank to close Rome branch, consolidate with nearby office
ROME, N.Y. — Berkshire Bank announced it has decided to close its branch at 100 W. Dominick St. in Rome and consolidate it with its
VIEWPOINT: An Economic Outlook for 2021
This past year was an interesting one, to say the least. Although some may prefer to use other adjectives to describe 2020. COVID-19 provided a vast disruption of economic activity, with U.S. GDP declining 31.7 percent in the second quarter. However, the U.S. economy demonstrated remarkable resiliency and rebounded 32.7 percent in the third quarter. While the
VIEWPOINT: Rundown of Updated PPP Forgiveness Application Forms
Covers both first and second-draw loans The U.S. Small Business Administration (SBA) recently updated all versions of the PPP Loan Forgiveness Applications to reflect changes in the recent legislation. Borrowers who have yet to apply for forgiveness on their first-draw PPP loan should use these updated forms and consult with their lender. Some lenders are utilizing
SYRACUSE, N.Y. — A new report from CenterState CEO finds 39 percent of nearly 200 area companies surveyed expect an increase in jobs and hiring
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.