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Tompkins Community Bank

November 7, 2022 - 10:48pm
posted by Press Release in Tompkins Community Bank, Business.

Press release:

Following the kickoff of National Financial Planning Month in October, Tompkins Community Bank has announced the launch of Smart Spend, a unique new checking account that qualifies for “Bank On” certification.  

The new product aims to expand community access to banking through the elimination of overdraft fees for account holders. In addition to minimizing opportunities to overdraw, the Smart Spend accounts have no minimum balance requirement, making it one of Tompkins’ most inclusive banking options for underbanked or previously unbanked community members.   

“Offering Smart Spend will make banking more equitable and accessible for all in our community, and it’s an important step in the right direction,” said John McKenna, president of Tompkins, Western New York and CEO of Tompkins Community Bank. “It’s our hope that Smart Spend will cater to the ever-growing diversity of financial needs we serve, and allow more individuals to establish a financial footprint, securely build their credit history and develop healthy saving and spending habits.” 

As part of its ongoing commitment to offering financial education, Tompkins hosts an ongoing series of free, virtual webinars on a variety of topics, including fraud protection, first-time homebuying, and overall financial wellness. For a schedule of upcoming events and instructions on registering, please visit https://www.tompkinsbank.com/about-us/community-events

Smart Spend is now available in all 16 branches serving the Genesee, Livingston, Orleans, Wyoming and Erie Niagara counties in Western New York. Key features of the account include a monthly maintenance cost of only $5.00, no overdraft or nonsufficient fund fees, the ability to pay bills and make purchases, and federal deposit insurance. In addition to the new program, Tompkins has also developed a corresponding Smart Spend savings account, available only to Smart Spend checking account holders. For more information, please visit https://www.tompkinsbank.com/

Smart Spend is officially certified by the national Cities for Financial Empowerment Fund (CFE Fund) as meeting the Bank On National Account Standards for 2021–2022. The national safe account Standards, co-created by consumer advocates, leading national nonprofit organizations, civic leaders, and other financial institutions, designate both core and strongly recommended features that ensure low cost, high functionality, and consumer safety. 

March 6, 2021 - 1:13pm

Tompkins Bank of Castile will host a Virtual First-time Home Buyer Webinar on Tuesday evening.

It is free and available to anyone interested in learning more about the first-time homebuying process.

Participants will have the opportunity to learn more about the special programs Tompkins Bank of Castile offers to first-time home buyers. There will also be an opportunity for registrants to ask questions.

The webinar will be led by three Tompkins’ representatives: Sherri Catalano, senior vice president and regional lending manager; Diana Carney, mortgage loan originator; and Josephine Valderrama, mortgage loan originator.

It's from 6 to 7 p.m. Tuesday, March 9.

To register, click here.

February 10, 2021 - 2:06pm

Press release:

Tompkins Bank of Castile has launched its online application portal for the Paycheck Protection Program (PPP) second round of funding for businesses, and is now accepting applications from businesses located within its geographic service areas who do not yet maintain an active business checking or loan account with Tompkins.

“We are very pleased to be able to offer this SBA (Small Business Administration) funding,” said Tompkins Bank of Castile President and CEO John McKenna. “Our team understands how challenging these times have been and we are glad we can help members of our community access these vital funds.”

New business customers must visit a Tompkins branch location to apply for a business checking account prior to the submission of their PPP application through the portal. Minority and women-owned businesses are encouraged to apply.

To learn more about the application process or to submit an application for PPP Funding, please visit the online portal here (same as link above).

December 23, 2020 - 2:05pm

Photos and information from Ben Dennis, director of Services, GC Department of Social Services:

There's an amazing generosity in the people and businesses that exist in this community. Each year, I am contacted by local businesses who want to be able to help their fellow citizens by sponsoring a family for the Holidays.

These businesses are really amazing -- how they come through with gifts for the kids and the parents who ordinarily could not afford to have a nice Christmas.

This year, the employees at O-AT-KA Milk Products Cooperative, Inc., and Tonawanda Valley Federal Credit Union (TVFCU) and Tompkins Bank of Castile (408 E. Main St.), each separately reached out to me and sponsored a separate family.

The employees themselves did all the shopping and wrapping of the gifts for each member of the family they sponsored.

Last week, the DSS caseworkers delivered the gifts to the families and they are overjoyed and incredibly grateful for the donations.

Times are very difficult right now for many families trying to make ends meet.

We have hard-working people that have had to quit their job in order to stay home and help their children with their remote school work, or we had folks who were laid off due to business closures or downsizing.

"I have to say that the way that this community comes together in a time of need is really heartwarming to me personally," Dennis said. "This community is really amazing."

October 28, 2020 - 12:08pm

Submitted photo and press release:

Maureen Smith (inset photo, left) has recently joined Tompkins Bank of Castile as Commercial Loan Operations Manager.

In addition to providing leadership and guidance to the commercial loan operations team, Smith will be responsible for collaborating with the credit and lending teams to assure commercial loan operations run efficiently and effectively in her new role.

Smith brings more than 35 years of experience to Tompkins, previously having worked at Steuben Trust Company as a Credit Administration and Loan Review Officer.

“We are pleased to welcome Maureen to our growing community banking team,” said John McKenna, president and CEO. “Her experience in the industry will be a tremendous asset not only to our customers, but to our internal commercial loan operations team.”

Smith earned an associate degree in Business from Bryant and Stratton Busines Institute. She is a current trustee and treasurer for the Hornell Children’s Home, and treasurer for the Arkport American Legion Auxiliary.

Smith currently resides in Arkport.

September 28, 2020 - 2:54pm
posted by Press Release in Tompkins Community Bank, batavia, news, corfu.

Press release:

Travis Sick has recently joined Tompkins Bank of Castile as Branch Manager in the Arcade office. In his new role, he is responsible for overseeing daily operations of the branch, staff development and customer care. In addition, he also oversees business development for Tompkins, focusing on gaining new customers and retaining existing ones.

Prior to joining Tompkins, Sick worked three years as the Director of Game Day Operations & Special Events for the Rochester Red Wings and nine years as General Manager of the Batavia Muckdogs. In those roles, he was responsible for business development, overseeing operations and outside events, as well as providing a high level of customer service.

“We are pleased to welcome Travis to our growing community banking team,” said Diane Torcello, senior vice president, Community Banking. “He will ensure that we continue to provide the highest level of customer service while creating mutually beneficial financial relationships with small business customers. He will truly be an asset to our team.”

Sick earned a bachelor’s degree in sports management and business management from St. John Fisher College. He currently resides in Corfu.

July 24, 2020 - 2:14pm

Press release:

ITHACA -- Tompkins Financial Corporation (NYSE American: TMP), parent company of Tompkins Bank of Castile, Tompkins Insurance Agencies, and Tompkins Financial Advisors, today reported record year-to-date and second quarter earnings.

The company also has announced that its Board of Directors approved payment of a regular quarterly cash dividend of $0.52 per share, payable on Aug. 14, to common shareholders of record on Aug. 3, 2020, and has authorized a new stock repurchase program.

Tompkins Financial Corporation reported diluted earnings per share of $1.44 for the second quarter of 2020, up 13.4 percent compared to $1.27 reported in the second quarter of 2019. Net income for the second quarter of 2020 was $21.4 million, compared to $19.4 million reported for the same period in 2019. 

For the year-to-date period ended June 30, 2020, diluted earnings per share were $1.97, down 25.1 percent from the same period in 2019. Year-to-date net income was $29.4 million, down from $40.4 million, for the same period in 2019. Results for the 2020 year-to-date period were negatively impacted by economic stress resulting from the COVID-19 pandemic, which contributed to the $16.3 million provision for credit losses recognized during the first quarter of 2020.

"We are pleased to report strong financial results for the quarter despite a very challenging business climate," said Stephen S. Romaine, president & CEO. "Although the longer term impact of the pandemic and related economic conditions are still unknown, there have been several recent positive trends noted with certain national economic indicators, such as reduced levels of unemployment, improving retail sales and improving consumer confidence.

"At Tompkins, we have seen several positive trends as well, with very strong mortgage application volumes in the second quarter, higher levels of debit card spending, and favorable credit quality measures when compared to last quarter. We are encouraged by some of these recent favorable trends, though the recent rise in COVID-19 cases nationally makes it clear that much uncertainty remains. We will remain vigilant in monitoring risk trends as we navigate these challenging times.”  

For full details, you can access the online versions through the links below.

About Tompkins Financial Corporation

Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania. Tompkins Financial operates in Western New York as Tompkins Bank of Castile, Tompkins Insurance Agencies, and Tompkins Financial Advisors. Further information is available at www.tompkinsfinancial.com

Tompkins Bank of Castile is a community bank with 16 offices in the five-county Western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing. Further information about the bank is available on its website, www.bankofcastile.com.

Tompkins Insurance Agencies Inc., offers personalized service, local decision-making and a broad range of services for consumers and businesses. It is an independent insurance agency offering personal and business insurance and employee benefits services through more than 50 different companies. The firm operates six offices in Central New York, 16 offices in Western New York and seven offices in Southeast Pennsylvania. Further information is available at www.tompkinsins.com

Tompkins Financial Advisors is the wealth management firm of Tompkins Financial Corporation. With more than a century of experience in helping clients to build, protect, and preserve wealth, Tompkins Financial Advisors provides financial planning, investment management, trust services and estate administration. For more information, visit www.tompkinsfinancialadvisors.com.

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