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Syracuse–based accounting firm acquires Capital Region business
SYRACUSE, N.Y. — Syracuse–based accounting firm Dannible & McKee, LLP on Tuesday said it’s acquired a Capital Region firm in a deal that became official on Oct. 1. Patrick A. Arico, Jr., CPA, P.C., an accounting firm in Clifton Park in Saratoga County, is now part of Dannible & McKee. “This strategic move aligns with […]
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SYRACUSE, N.Y. — Syracuse–based accounting firm Dannible & McKee, LLP on Tuesday said it’s acquired a Capital Region firm in a deal that became official on Oct. 1.
Patrick A. Arico, Jr., CPA, P.C., an accounting firm in Clifton Park in Saratoga County, is now part of Dannible & McKee.
“This strategic move aligns with the firm’s growth plan to enhance its capacity to serve businesses throughout the Capitol Region with expanded services and expertise,” Dannible & McKee said in its Tuesday announcement.
The local firm didn’t include any financial details of the acquisition agreement in its announcement.
Patrick A. Arico, Jr., CPA, P.C. has been providing accounting, tax, and consulting services to businesses in the construction, service, and medical industries since 1985. The firm’s specialties range from reviews, compilations, and tax preparation and planning to consulting, bookkeeping, and accounting services.
With this acquisition, both Arico and Jennifer Sousie, a tax senior accountant, have joined Dannible & McKee’s office in Schenectady.
“We’re excited to join forces with Dannible & McKee, as it will undoubtedly be advantageous for both my team and myself,” Arico said in the Dannible announcement. “This partnership allows us to offer our clients an even broader range of services and resources while maintaining the personalized attention that has been the hallmark of our firm.”
Arico, who brings more than 45 years of experience in public practice to Dannible & McKee, will continue to practice as a tax partner with the firm.
“Our commitment to providing exceptional service to our clients is the driving force behind our growth strategy at Dannible & McKee,” Christopher Didio, managing partner at Dannible & McKee, said in the firm’s announcement. “The alignment of our values, client-centric approach and combined expertise of both firms creates tremendous opportunities for both our clients and our team members. We warmly welcome the staff, clients, and friends of Pat Arico’s firm to our organization.”
About Dannible & McKee
Established as a partnership in 1978, Dannible & McKee provides services in the areas of audit, tax, accounting and financial management consulting to clients nationwide.
The firm says it focuses on major industry lines and specializes in multi-state taxation review, business valuation, litigation support and fraud prevention and detection.
Dannible operates offices in Syracuse, Auburn, Binghamton, and Schenectady in New York, and one in Tampa, Florida. Following the acquisition, Dannible & McKee now employs more than 120 professional and support staff, including 23 partners.
Golisano Institute for Business & Entrepreneurship launches AI Innovation Hub for students
ROCHESTER, N.Y. — Golisano Institute for Business & Entrepreneurship on Tuesday launched its AI Innovation Hub for students and staff. The hub allows students to
Recent Court Decision Supports Requiring Employees to Be In the Workplace
A recent Federal Court decision confirmed that the Family Medical Leave Act (FMLA) does not require employers to allow employees to work remotely. In
SU wins federal funding to train engineering students, build clean energy workforce
SYRACUSE, N.Y. — Syracuse University (SU) says it will use $900,000 in federal funding to create new Building Training and Assessment Centers (BTAC) to train
Community Bank names head of retail banking
DeWITT, N.Y. — Community Bank, N.A. has appointed Melissa Bollman head of retail banking. She is responsible for the oversight of the retail banking network and will lead the retail strategy and sales teams to develop strategic initiatives, the bank announced. With 26 years of experience in financial services, Bollman joins Community Bank from M&T
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DeWITT, N.Y. — Community Bank, N.A. has appointed Melissa Bollman head of retail banking.
She is responsible for the oversight of the retail banking network and will lead the retail strategy and sales teams to develop strategic initiatives, the bank announced.
With 26 years of experience in financial services, Bollman joins Community Bank from M&T Bank Corp., where she spent more than 20 years in various leadership and managerial roles across business and retail banking. She began her career as a customer-service representative before moving into senior branch manager and retail manager roles. Most recently, Bollman served as senior VP of business banking operations for the past five years.
“Following an in-depth recruitment process, we’re confident that Melissa is the right leader for our retail banking line of business,” Jeffrey Levy, SVP and chief banking officer at Community Bank, said in a statement. “Not only does she bring a wealth of knowledge and experience, but she has also proven to be successful at leading teams across retail and business banking operations to drive growth and operational efficiencies, all while maintaining exceptional customer service. I am delighted to welcome her to the Community Bank team and look forward to supporting her success in this key role.”
Bollman holds a bachelor’s degree from Buffalo State University and completed the Executive Bank Management Program through the Consumer Bankers Association. She is active in the community and volunteers with Cradle Beach Camp and FeedMore WNY.
Community Bank operates 200 branches across New York, Pennsylvania, Vermont, and Massachusetts. It is a unit of Community Financial System, Inc. (NYSE: CBU), a diversified financial-services company based in DeWitt that is focused on four main business lines: banking, employee-benefit services, insurance services, and wealth management.
Upstate Medical, SU collaborate to bring memory screenings to seven regional counties
SYRACUSE, N.Y. — Upstate Medical University and Syracuse University (SU) are collaborating on an effort to allow residents over the age of 60 in seven
Binghamton University president to step down at end of academic year
BINGHAMTON, N.Y. — Binghamton University President Harvey Stenger will step down after the end of this academic year, according to a Friday, Oct. 18 post
Naturally Lewis awards $50K in startup funding to two Lewis County businesses
LOWVILLE, N.Y. — Naturally Lewis says it has awarded a total of $50,000 to two Lewis County businesses as part of the Launch Lewis County initiative. Coffee & Clay Cafe will use $20,000 for startup equipment, furniture and inventory for a new cafe and pottery studio in Constableville. At the same time, Hartley’s Meat Market
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LOWVILLE, N.Y. — Naturally Lewis says it has awarded a total of $50,000 to two Lewis County businesses as part of the Launch Lewis County initiative.
Coffee & Clay Cafe will use $20,000 for startup equipment, furniture and inventory for a new cafe and pottery studio in Constableville.
At the same time, Hartley’s Meat Market will use $30,000 for startup equipment and inventory for a retail meat market in Port Leyden.
The funding was awarded on behalf of the Lewis County Development Corporation (LCDC), Naturally Lewis said.
Launch Lewis County is made possible through a grant from the New York State Homes and Community Renewal’s Community Development Block Grant program. Launch Lewis County is a partnership between LCDC and Lewis County.
Based on state requirements, Launch Lewis County is a microenterprise grant program for low-to-moderate income entrepreneurs or for those creating a new, full-time position.
“As we are working to develop an entrepreneur-led economy, programs like Launch Lewis County are driving us forward,” Brittany Davis, executive director of Naturally Lewis, Inc., said in the announcement “Our partnership with Lewis County to administer the Launch Lewis County program has allowed small businesses and entrepreneurs to start and expand products and services, which in turn creates and retains jobs, creates unique experiences for residents and tourists, and ultimately enhances the tax base of Lewis County.”
Qualifying for funding
In order to qualify for the Launch Lewis County Microenterprise Grant program, businesses must have a small-business idea or a desire to innovate their existing small business.
In addition, an applicant must be considered low-to-moderate income based on 2023 income tax returns or create a new full-time job that will be made available to low-to-moderate-income persons.
Applicants must also contribute at least 10 percent of total project costs and must complete their project by December 2025, Naturally Lewis said.
The economic-development agency says it’s currently seeking additional applicants for the Launch Lewis County grant program with $205,000 in grant funds still available.
For more information on the Launch Lewis County grant program and the process to apply for funds, you can visit naturallylewis.com/growing-opportunities/launchlc.
Community Foundation of Herkimer and Oneida Counties awards nearly $2M in grants in Q2
UTICA, N.Y. — The Community Foundation of Herkimer and Oneida Counties announced it has awarded more than $1.85 million in grants during the second quarter
SYRACUSE, N.Y. — Upstate Medical University on Friday morning formally opened a new biobehavioral health unit (BBHU) for children with mental-health needs and developmental disabilities.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.