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Bank marketing: What happened to the toasters?
The year was 1979. President Jimmy Carter appointed Paul Volcker as chairman of the board of governors for the Federal Reserve System. Volcker’s challenge was to tame the “stagflation” crisis, which he did by raising the federal funds rate from 11 percent in 1979 to 20 percent in 1981. In the same year, the prime […]
Community Bank System to pay dividend of 30 cents a share
DeWITT, N.Y. —– Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of 30 cents a share on its
Chemung Financial declares dividend of 26 cents
ELMIRA, N.Y. — Chemung Financial Corp. (NASDAQ: CHMG) announced Monday that its board of directors has approved a quarterly cash dividend of 26 cents a
Here we are, nearing year-end, and everyone’s favorite topic — income-tax planning. This year you should be hearing your CPA mention things like net investment income tax and the unknowns around the fate of the “extenders.” While the net investment income (NII) tax is not pleasant, it exists and can be counted on as a
Community Bank opens DeWitt branch
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) has opened its newest branch at 5821 Bridge St. in DeWitt. The new 4,600-square-foot office is
People news: Launch New York names director of finance
BUFFALO, N.Y. — Launch NY, a nonprofit venture-development organization focused on upstate New York, has appointed Alex Adema as director of finance & operations. In
ConMed declares quarterly cash dividend of 20 cents
UTICA, N.Y. — ConMed Corp. (NASDAQ: CNMD), a Utica–based surgical-device maker, announced that its board of directors has declared a quarterly cash dividend of 20
Southern Tier Health Link plans to merge with similar downstate organization
BINGHAMTON, N.Y. — Southern Tier HealthLink (STHL) on Monday announced plans to merge with Taconic Health Information Network and Community (THINC) into a single “qualified
Dermody, Burke & Brown to merge with Liverpool accounting firm
SYRACUSE — Dermody, Burke & Brown, CPAs, LLC (DB&B ) on Nov. 10 announced it is merging with Kane, Bowles & Moore, P.C., a Liverpool–based accounting and consulting firm. Kane, Bowles & Moore will operate under the Dermody, Burke & Brown name beginning Jan. 1, DB&B said. DB&B didn’t release any financial terms of the
Lawmakers urge colleagues to support provision protecting DFAS jobs in Rome
ROME, N.Y. — Three New York lawmakers are urging their Congressional colleagues to support a provision in a defense bill that would provide protections for
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