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M&T Bank says 85 percent of PPP loan applications are coming from repeat borrowers
SYRACUSE, N.Y. — M&T Bank Corp. (NYSE: MTB), the largest SBA lender and bank ranked by deposits in Central New York, says that so far
The Summit Federal Credit Union to close Camillus branch in Township 5
CAMILLUS, N.Y. — The Summit Federal Credit Union’s (FCU) branch located at Township 5 in Camillus will close at the end of business on Saturday,
How the SBA’s new round of PPP loans works
It started with community financial institutions The U.S. Small Business Administration (SBA) and U.S. Treasury Department on Jan. 11 reopened the loan portal for the Paycheck Protection Program (PPP), the forgivable-loan initiative that seeks to help small companies survive the economic dislocations of the COVID-19 pandemic. This round of the PPP authorizes up to $284 billion toward
Kenefick named regional president of Chemung Canal Trust Company
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) recently announced it has named Jeffrey P. Kenefick regional president of its main banking subsidiary, Chemung Canal
Carrols reports increased total sales for Q4, full-year 2020
SYRACUSE, N.Y. — Carrols Restaurant Group, Inc. (NASDAQ: TAST), the nation’s largest Burger King franchisee, on Tuesday reported increased total restaurant sales during the fourth
SBA opens new round of PPP loan applications, starting with community financial institutions
The U.S. Small Business Administration (SBA), together with the U.S. Treasury Department, on Monday morning reopened the loan portal for the Paycheck Protection Program (PPP),
BPAS’ Kemp named American Academy of Actuaries Social Security Committee chair
UTICA, N.Y. — BPAS recently announced that Amy Kemp, VP of consulting at BPAS Actuarial & Pension Services, has been named chair of the Social Security Committee of the American Academy of Actuaries. BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective-investment trusts. The American Academy of Actuaries is a
Cahill becomes Barclay Damon’s first woman managing partner
SYRACUSE — Barclay Damon LLP began 2021 with Connie Cahill as its new managing partner, the first woman to lead the Syracuse–based law firm in its more than 165-year history. She assumes the duties that John Langan previously held, the firm said in a Jan. 4 news release. As part of an “orchestrated transition plan,”
Brown & Brown moves into new corporate headquarters in Jacksonville, Florida
Brown & Brown, Inc. (NYSE: bRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that it has moved into its new corporate headquarters in Daytona Beach. Brown & Brown is an insurance-brokerage firm providing risk-management products and services to individuals and businesses. The new facility is part of an overall campus development that
Chemung Canal Trust Company executive DiFabio retires
ELMIRA, N.Y. — Louis DiFabio, executive VP and business client services division manager at Chemung Financial Corporation retired on Dec. 31 after 33 years of
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