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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
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),
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