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Community Wealth Management Services benefits from growth strategy
DeWITT — A year after outlining strategies to grow Community Bank System, Inc.’s (NYSE: CBU) wealth-management division, the banking company is reaping the dividends of implementing those efforts. Community Bank System saw its total revenue grow $4.3 million, or 4.8 percent, to $92.5 million for the third quarter, according to its Oct. 20 earnings report. […]
Co-founder of Michael Roberts Associates retires
DeWITT — Michael Roberts Associates, Inc. (MRA) in late August announced the retirement of Robert J. Dugan, co-founder and former partner in the locally owned, independent wealth-management firm. Dugan established Michael Roberts Associates with Robert Cuculich and Michael Donovan in January 1990. A native of Bayonne, N.J., Dugan became a licensed broker in 1975 after
First Niagara blames impairment charge, process issue for Q3 loss
BUFFALO — First Niagara Financial Group, Inc. (NASDAQ: FNFG) is pointing to a non-cash write-off and a process issue as the reasons for a third quarter net loss of $665 million, or $1.90 per share. Results included a non-cash, goodwill-impairment charge of $800 million, along with a pretax $45 million reserve to address a process issue
Excellus presents $27K in health awards to seven nonprofits
DeWITT, N.Y. — Excellus BlueCross BlueShield (BCBS), the largest health insurer in Central New York, has presented more than $27,000 in community health awards to
SU researchers develop tool to track the performance of federal-court judges
SYRACUSE — Researchers at Syracuse University (SU) have developed a data tool that provides information on the performance of more than 900 federal district-court judges. The data tool, developed by SU’s Transactional Records Access Clearinghouse (TRAC) officially launched Oct. 14. TRAC announced the advancement in a news release distributed that same day. With the new
USERRA law provides employment protection to military reserves
SYRACUSE — On Columbus Day, the Uniformed Services Employment and Reemployment Rights Act of 1994 (USERRA) celebrated its 20th anniversary, but the fight for employment rights for those who serve our country is far from over, according to one Syracuse law firm that specializes in USERRA cases. Mathew Tully, founding partner, formed Tully Rinckey PLLC,
Accountant discusses tax incentives for N.Y. manufacturers
SYRACUSE — New York manufacturers are benefitting from the state new tax-reform legislation and the Excelsior Jobs program, which the state enacted more than four years ago. The two topics were part of a presentation Joseph Hardick, a certified public accountant (CPA) and a partner at Dannible & McKee, LLP, delivered at the firm’s annual
5 Strategies for Small-Business Owners to Lower Taxes before the End of the Year
Although you may not be thinking about tax-season preparation just yet, fall is the perfect opportunity to get ahead and organized. Small-business owners and entrepreneurs typically rush to pull together reports at the end of the year, which can become stressful and hectic. All business owners — including doctors and dentists managing their own practices,
Five Signs that your Business is Doomed
We have seen many companies go into bankruptcy over the years, and there are some common issues with most of them. These are issues that may not necessarily show up on the accounting balance sheet, but in my experience they are sure signs that trouble is ahead. If some of the signs on this list
Lesser appointed to Young Leaders United steering committee
SYRACUSE, N.Y. — Testone, Marshall & Discenza, LLP (TMD) has announced that staff accountant Michelle Lesser was recently appointed to the United Way of Central
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