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People news: NBT Bank promotes Armstrong to VP
CORTLAND, N.Y. — NBT Bank announced that it has promoted Jeffrey Armstrong, market manager, to VP. Armstrong is responsible for managing sales and performance of
National Grid’s Littlejohn elected to Pathfinder Bank board
OSWEGO, N.Y. — Melanie Littlejohn has been elected to the board of directors of Pathfinder Bank, according to Chris Burritt, chairman of the board. Littlejohn
People news: NBT Bank promotes Verzillo to senior VP
SYRACUSE, N.Y. — NBT Bank announced it has promoted Lori Verzillo, Central New York territory manager, to senior VP. She is responsible for developing and
Barton & Loguidice hires Richard Maxwell as CFO
SYRACUSE, N.Y. — Barton & Loguidice (B&L) announced it has added Richard J. Maxwell as VP and chief financial officer (CFO). He comes to B&L
People news: M&T Bank appoints Todaro to company management committee
BUFFALO, N.Y. — Michael J. Todaro has been appointed to the management committee of M&T Bank, where he is executive VP overseeing its mortgage and
City of Syracuse closes on financing for renovations at Clinton Plaza Apartments
SYRACUSE, N.Y. — The City of Syracuse has closed on financing with the Mulholland Group, LLC of New York City for a $40 million renovation
CNY Executive Q and A: A conversation with Pinnacle’s Gregg Kidd
Editor’s Note: CNY Executive Q&A is a feature appearing regularly in The Central New York Business Journal, authored by guest writer Jeff Knauss, who is president of his own digital-marketing firm. In each edition, Jeff chats with a different executive at a Central New York business or nonprofit, with the interview transcript appearing in a conversational
M&T Bank operating profit rises in Q4
M&T Bank Corp. (NYSE: MTB), Central New York’s largest bank ranked by deposit market share, recently reported that its fourth-quarter profit rose, excluding one-time expenses related to its long-delayed acquisition of Hudson City Bancorp, Inc. (NASDAQ: HCBK). Net operating income at M&T rose 20 percent to $338 million, or $2.09 a share, in the latest
Reduce Fiduciary Risk with an Effective Investment Policy
Human-resource officers and managers are often asked to chair or sit on a retirement-plan committee responsible for administrative tasks. In this role, a committee member takes on fiduciary responsibilities to plan participants and beneficiaries, and can be held personally liable for fiduciary breaches under federal law. As legal counsel, we endeavor to manage this risk
Why Your Partnership Needs a Formal Agreement
If you are in business with a partner or partners, you need a formal agreement for the following reasons: Your business may already be a partnershipUnlike other types of business entities, such as a corporation or a limited-liability company, a partnership can be formed without any written agreement or filing with the government. New York
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