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Cuomo: employers will save $45M on workers’-compensation costs in 2015
New York employers won’t have pay to pay as much into the state’s workers’-compensation system in 2015, resulting in savings to all employers totaling $45
AmeriCU’s growth accelerates in a tough economy
ROME — “It took AmeriCU a little more than 55 years to accumulate more than $500 million in assets,” says Mark A. Pfisterer, the credit union’s president and CEO. “It took us a little more than five years to double that number in what can only be described as a lousy economy.” AmeriCU began modestly
Eric Mower + Associates enters NYC market with PR firm combination
SYRACUSE — The top official at the largest advertising agency in Central New York has had his eye on the nation’s number one media market
ABA Survey: Bank customers embracing mobile deposits
Mobile remote deposits have emerged as an increasingly popular banking service, with more than one in eight Americans depositing a check using a mobile device in the past year, according to a recent survey by the American Bankers Association (ABA). Of those who have used a mobile-deposit service, 80 percent report using it regularly —
The Health-Care Law Continues to Shift Costs to Employers
CEOs and CFOs across the country have been challenged with the need to offer a competitive employee-benefits plan that both meets requirements established under the Affordable Care Act (ACA) and remains affordable to the organization. With several of ACA’s mandates requiring employers to offer an increased number of covered benefits, many of which are at
New venture-capital firm makes its first investment
SYRACUSE — A recent investment in a soil-modeling tool for the agriculture industry is the first investment of what Armory Square Ventures expects will be a very busy next year for the young venture-capital firm. Syracuse–based Armory Square Ventures is one of three companies that invested a combined $2.2 million in Agronomic Technology Corp. to expand
Market Street Trust Co.: No longer under the radar
Money, which represents the prose of life, and which is hardly spoken of … without an apology, is … as beautiful as roses. — Ralph Waldo Emerson CORNING — The concept of an administrator dates back thousands of years. Whatever the title, the royal family chose a major-domo who would represent, make arrangements, and take
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
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