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Banking & Finance

Rethinking surplus office, commercial space in a changing culture (access required)

Developers and owners of commercial real estate may be able to make properties more attractive and efficient by incorporating community ventures into surplus space and/or embracing ESG compliance standards. That holds true whether developers are building new or if a ...

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Stock performance of LNB’s holding company recognized (access required)

Lyons Bancorp Inc. (OTCQX: LYBC), the financial holding company for The Lyons National Bank, has been named to the 2023 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.   The list recognizes national and international companies of all sizes, industries and geographic regions and both large and small cap stocks.  

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BOA grant will help expand nonprofit’s local programming   (access required)

The Center for Employment Opportunities was recently named the 2022 Bank of America Neighborhood Champion in recognition of its work in the Rochester community to remove employment barriers and advance economic opportunity for justice-impacted Rochester residents.  As part of the Neighborhood Champions program, the local organization will receive $50,000 in flexible funding and an opportunity for engagement in virtual leadership training delivered by experts in the nonprofit sector on topics like human capital management, increasing financial sustainability and storytelling.  

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Five Star Bank opens Syracuse office  (access required)

The new office provides the bank with entrance into Onondaga County, expanding its Upstate New York footprint to 15 counties throughout Western New York, the Southern Tier and the Finger Lakes region.   Five Star Bank’s Syracuse office will be home to a three-person commercial and industrial team led by Alison K. Miller, Central New York Regional president and commercial and industrial executive. 

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FTX: What’s next? (access required)

informed investor sig

In a noteworthy work published 2007, Richard Bookstaber recounts his experience with two financial crises of the late twentieth century – the 1987 stock market crash and the Long-Term Capital Management hedge fund debacle that occurred eleven years later. In A Demon of Our Own Design: The Perils of Financial Innovation, Bookstaber provides readers with an insider’s perspective on the evolving complexity of our financial markets, as well as his own possible contributions to that complexity.

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The future of banking & automation is here, now (access required)

Banking and automation. If that combination conjures up thoughts of a Jetson-like robot working a bank transaction window in the future, think again. Not only has automation already arrived in banking, but it’s being used in ways you may not ...

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Consumers looking to take control of their finances, survey shows   (access required)

People across the country – many who are in difficult financial positions – want to take control of their finances, according to the newly released KeyBank 2023 Financial Mobility Survey.   According to the survey, 55 percent of respondents faced ...

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Armbruster Capital Management names president   (access required)

Christopher Cebula has been promoted to president of Armbruster Capital Management Inc.  Cebula, who is also a partner at the Pittsford-based investment firm, has been an advisor there for nine years. He succeeds Mark Armbruster, who remains CEO.   In a ...

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ESL/MCC scholars named  (access required)

Students are offered a part-time, paid position at one of ESL’s 23 local branches and a $1,000 scholarship for each semester they participate, up to $2,000. Students will have the opportunity to meet with and work in other departments at the company to further their professional experience. 

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BOA provides grant for FWD Center development (access required)

From left are Cathy Brown-Butler, senior vice president, Bank of America; Dr. DeAnna R. Burt-Nanna, president, Monroe Community College; Colleen Matteson, Rochester market president, Bank of America; Kristina Dengler, senior vice president and Rochester market executive, Bank of America; Lori Van Dusen, chair, MCC Foundation Board of Directors; and Gretchen Wood, vice president, Institutional Advancement and executive director, MCC Foundation

The Monroe Community College Foundation has received a $250,000 grant from Bank of America for further development of the newly launched Finger Lakes Workforce Development (FWD) Center, housed on Monroe Community College’s downtown campus.   The grant enables MCC and FWD Center partners ...

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