Finger Lakes

Norwood Financial Corp Announces First Quarter 2024 Earnings

Retrieved on: 
Monday, April 22, 2024
FTE, Pressure, Bank, Finger Lakes, Life insurance

Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023.

Key Points: 
  • Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023.
  • The annualized return on average assets was 0.80% in the first quarter of 2024 and the annualized return on average equity was 9.79%, compared to 1.13% and 13.61%, respectively, in the first quarter of 2023.
  • Total assets were $2.260 billion as of March 31, 2024, an increase of $156.1 million, compared to March 31, 2023.
  • Norwood Financial Corp is the parent company of Wayne Bank, which operates from fourteen offices throughout Northeastern Pennsylvania and fifteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York.

Joseph W. Adams Joins Wayne Bank as Senior Vice President

Retrieved on: 
Tuesday, March 19, 2024
Community, Wealth management, Palmyra Township, Trust, Commerce, Business manager, Committee, Financial adviser, Finger Lakes, Equal housing lender, Renovation, Financial management, Pace University, University, Senior, Lakes Region, Certification, FDIC, Bank, MBA, Pennsylvania House of Representatives, Management

HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank.

Key Points: 
  • HONESDALE, Pa., March 19, 2024 (GLOBE NEWSWIRE) -- Jim Donnelly, President and CEO of Wayne Bank, announced the appointment of Joseph W. Adams as Senior Vice President and Director of Wealth Management and Investment Services for Wayne Bank.
  • Adams most recently served as Director for Norwood Financial Corp and Wayne Bank, having resigned that position during the March 19, 2024 board meeting.
  • This is an exciting evolution for Wayne Bank and its employees, customers, and shareholders.”
    Adams has 39 years of financial management experience and has held titles including Business Manager, Financial Advisor, School Superintendent, and Senior Executive Vice President of Wealth Management.
  • Wayne Bank is a wholly-owned subsidiary of Norwood Financial Corp. Wayne Bank is a Member FDIC, an Equal Housing Lender, and is headquartered in Honesdale, Pennsylvania.

3rd Annual Saperavi Festival To Take Place In The Finger Lakes Region Of New York

Retrieved on: 
Monday, March 25, 2024
Culture, Food, Wine, Heart, Finger Lakes, Multimedia, Eventbrite

HAMMONDSPORT, N.Y., March 25, 2024 /PRNewswire/ -- Saperica, Inc., is pleased to announce that the 3rd annual Saperavi Festival will take place at Dr. Konstantin Frank Winery in Hammondsport, New York on Saturday, June 8, 2024. The festival will bring together producers of Saperavi and Rkatsiteli wines from the Finger Lakes region of New York along with their counterparts from the country of Georgia and throughout the USA. Authentic Georgian food with a modern twist will be featured from New York City restaurant, Chama Mama. Sponsorship will be provided by the National Wine Agency of Georgia with the additional support from the Wines of Georgia campaign.

Key Points: 
  • Saperica, Inc., Dr. Konstantin Frank Winery, Chama Mama Restaurant and the National Wine Agency of Georgia present the 3rd annual Saperavi Festival in the Finger Lakes region of New York.
  • HAMMONDSPORT, N.Y., March 25, 2024 /PRNewswire/ -- Saperica, Inc., is pleased to announce that the 3rd annual Saperavi Festival will take place at Dr. Konstantin Frank Winery in Hammondsport, New York on Saturday, June 8, 2024.
  • The festival will bring together producers of Saperavi and Rkatsiteli wines from the Finger Lakes region of New York along with their counterparts from the country of Georgia and throughout the USA.
  • The 3rd annual Saperavi Festival is organized by Saperica Inc, a 501(c)(3) non-profit corporation.

Auburn Community Hospital (ACH) is the First in the U.S. to Implement Abbott's Newest & Most Advanced Laboratory Technology

Retrieved on: 
Thursday, March 14, 2024
Health, Communication, Joint Commission, Cardiology, Lab, ACH, Patient, Drug, Cancer, MD, Auburn Community Hospital, Infection, Finger Lakes, Joint, Nursing care plan, Anemia, Multimedia, Physician, DSM-IV codes, Bone marrow, Fine chemical

This cutting-edge hematology automation system is set to transform the capabilities of the Auburn Laboratory.

Key Points: 
  • This cutting-edge hematology automation system is set to transform the capabilities of the Auburn Laboratory.
  • The new system will facilitate the seamless measurement of complete blood counts, a crucial healthcare test widely ordered for patients.
  • The ACH Laboratory has been working with Abbott on securing this new technology for over two years and has a long and established relationship with Abbott.
  • Auburn Community Hospital (ACH) is a not-for-profit, 99-bed acute care facility with a mission to provide compassionate quality care to our community.

EMPIRE STATE DEVELOPMENT ANNOUNCES APPLICATION WINDOW OPENS FOR ROUND SIX OF THE GROW-NY INTERNATIONAL BUSINESS COMPETITION

Retrieved on: 
Tuesday, March 12, 2024
College, AG, Organization, Grow, ESD, Mentorship, Cornell University, Empire State Development Corporation, Knowledge, Female, Empire, Food, Entrepreneurship, New Yorker, Finger Lakes, Workforce, Land

ITHACA, N.Y., March 12, 2024 /PRNewswire/ -- Empire State Development (ESD) today announced that the application window is now open for the sixth year of the Grow-NY food, beverage, and agriculture business competition. Grow-NY attracts high-growth potential food and agriculture startups to compete for $3 million in total prize money each year and supports 20 finalists through a business development phase that connects them with the region's resources. 

Key Points: 
  • ITHACA, N.Y., March 12, 2024 /PRNewswire/ -- Empire State Development (ESD) today announced that the application window is now open for the sixth year of the Grow-NY food, beverage, and agriculture business competition.
  • Empire State Development President, CEO and Commissioner Hope Knight, said, "Grow-NY is a unique initiative that links agribusiness innovators with experts and investors, creating entrepreneurial opportunity in upstate New York.
  • Ball said, "Year after year, I've had the incredible honor of helping to award the innovative winners of the Grow-NY competition.
  • Today's announcement complements "Southern Tier Soaring," the region's comprehensive strategy to generate robust economic growth and community development.

ARC Fund Launches with Underrepresented Founders to Increase Alternative Capital for Impact Entrepreneurs Facing Scarcity of VC Money

Retrieved on: 
Wednesday, February 21, 2024
Acquisition, Woman, Regulation CF, Ewing Marion Kauffman Foundation, Marketing, ARC, Female, Plant, Nopalera metro station, Wefunder, Finger Lakes, JOBS, Family, Nopal, Cryptocurrency

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- The ARC Fund launched three Community Rounds today to support underrepresented impact entrepreneurs raise growth capital between $250,000 and $5,000,000 over a three-month "equity crowdfunding" campaign using the Wefunder platform in response to the scarcity of capital as venture capitalists hold on to funds due to the uncertain economy, banks lend less, and interest rates remain high, forcing startups led by underestimated founders to find alternative sources of capital to survive and grow.The Kauffman Foundation reported that nearly two-thirds (65%) of new businesses will use personal and/or family savings to cover their startup costs. Without an innovative source of capital to provide a "bridge" round to get startups through this tough economic period over the next few years, many overlooked entrepreneurs will close their doors.

Key Points: 
  • By the end of 2022, adverse market conditions led to a 36% drop in overall venture capital dollars, but Black entrepreneurs saw a 45% decrease in financing.
  • Women-only teams secured only 2.8% of venture capital in 2023, the lowest in four years.
  • Nearly 20% of all startups have raised money at a lower valuation than they had previously, up from 5% in 2021, according to Carta.
  • When looking at equity crowdfunding success percentages, campaigns run by women-only founders had an 87.5% success rate compared to 41% for men-only founders.

URMC Announces First-of-its-Kind Alliance to Expand Health Care Access to Rural Communities

Retrieved on: 
Tuesday, February 6, 2024
Other Science, Technology, Research, Managed Care, General Health, Telemedicine, Virtual Medicine, Social Services, Health Technology, Hospitals, Finance, Banking, Professional Services, Other Technology, Other Education, Telecommunications, University, Health, Networks, Education, Science, Internet, Digital health, Telehealth, Star Bank, Greater, Obesity, Verizon Business, Patient, Five Star Bank, FWA, Finger Lakes, Central New York, Organization, URMC, Financial institution, Poverty, Risk, Type 2 diabetes, Roflumilast, Stroke, Health care, Digital divide, Cancer, American Heart Association, Hospital

“This pilot is the next evolution, bringing telemedicine to those who may lack access to technology at home.

Key Points: 
  • “This pilot is the next evolution, bringing telemedicine to those who may lack access to technology at home.
  • “As a community bank serving much of Western and Central New York, we understand the unique challenges our rural communities face.
  • “A digital visit is a building block for patients to regain control of their wellness, and an opportunity for health systems to expand their footprint to deliver more care and services.”
    Americans living in rural regions experience significant health disparities, due in part to limited access to health care.
  • This pilot initiative will serve three rural communities – all with limited health care providers and where many residents lack broadband home internet.

Norwood Financial Corp Announces Earnings for the Fourth Quarter and 2023 Fiscal Year

Retrieved on: 
Monday, January 29, 2024
Bank, Sale, Finger Lakes, Airline

For the year ended December 31, 2023, net income totaled $16,759,000, a decrease of $12,474,000 from net income of $29,233,000 earned in year ended December 31, 2022.

Key Points: 
  • For the year ended December 31, 2023, net income totaled $16,759,000, a decrease of $12,474,000 from net income of $29,233,000 earned in year ended December 31, 2022.
  • Earnings per share (fully diluted) were $0.04 and $0.88 for the three-month periods ended December 31, 2023 and 2022, respectively.
  • For the year ended December 31, 2023, earnings per share on a fully diluted basis were $2.07, compared to $3.58 for the year ended December 31, 2022.
  • Loans receivable increased $129.7 million to $1.604 billion at December 31, 2023, from $1.474 billion at December 31, 2022.

Mother Cabrini Health Foundation Awards $172 Million in Grants To Advance Health Equity Across New York State

Retrieved on: 
Wednesday, January 17, 2024
Accounting, Health, Immigration, COVID-19, Employment, New Yorker, Food, Commons, Child, Housing, State, Basic needs, Mental, Mother Cabrini Health Foundation, School, Palliative care, Hospice, Community, Case management, Mental health, Public, Education, Nursing, Finger Lakes, Disability, Hospital, Refugee, Angelina Jolie, Headquarters, Organization, Upstate New York, Combat, New York Foundling, Infant

NEW YORK, Jan. 17, 2024 /PRNewswire/ -- The Mother Cabrini Health Foundation today announced it has awarded 514 grants totaling $172 million to support nonprofit organizations addressing community health needs and disparities in health outcomes across New York State in 2024.

Key Points: 
  • In response to a range of urgent health crises in New York, the Foundation increased funding to address the mental health crisis by 40% year-over-year, with the majority of grants dedicated to programs supporting youth.
  • Grant recipients include community-based organizations, healthcare providers, food banks, social service centers, nursing homes, schools, federally qualified health centers, and trade associations.
  • In the five years since its inception, the Foundation has now awarded approximately 2,700 grants totaling more than $800 million.
  • Our 2024 grants will provide over 500 nonprofits with the resources to bolster innovative and life-changing programs across New York State.

1st Annual Saperavi & Amber Wine Grand Tasting in NYC

Retrieved on: 
Wednesday, December 6, 2023
Wine, Amber, Multimedia, Culture, Finger Lakes, Heart, Stainless steel, Restaurant, Maple syrup, Tourism, Saperavi

NEW YORK, Dec. 6, 2023 /PRNewswire/ -- Get ready for an unforgettable experience at the 1st Annual Saperavi & Amber Wine Grand Tasting in the heart of New York City!

Key Points: 
  • NEW YORK, Dec. 6, 2023 /PRNewswire/ -- Get ready for an unforgettable experience at the 1st Annual Saperavi & Amber Wine Grand Tasting in the heart of New York City!
  • This special event will feature:
    10 tasting stations showcasing a progressive range of Saperavi and Amber wine styles for you to compare and explore.
  • A deep dive into Georgian Amber wine styles, from captivating Amber Intro to bold Full-on Amber and intriguing Amber Combo
    Scrumptious bites of authentic Georgian cuisine expertly crafted by Chama Mama to complement the distinctive profiles of these exceptional wines.
  • Get ready to elevate your wine knowledge and engage with experts and like-minded professionals who champion the remarkable categories of Saperavi and Amber wines.