Sponsored Post: Tompkins is here for you, and your family. Now and always
Tompkins Community Bank
Tompkins Bank of Castile to host virtual first-time home buyer webinar Tuesday evening
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.
Tompkins Bank of Castile launches online application portal for PPP funds for businesses
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).
DSS Director of Services moved by 'amazing generosity' of local businesses & employees at a 'very difficult' time
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.
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."
New Commercial Loan Operations manager joins WNY Tompkins Bank of Castile team
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.
Former Muckdogs general manager named branch manager for Tompkins
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.
Tompkins Financial Corp. reports record YTD and second quarter earnings
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.
- Tompkins Financial Corporation Reports Record Year-to-Date and Second Quarter Earnings
- Tompkins Financial Corporation Reports Cash Dividend
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.
Sweet! Tompkins donates Oliver's Candy Bars to frontline workers at Rochester Regional Health
Submitted photo and press release:
In an effort to brighten the day for local frontline workers during the COVID-19 pandemic, Tompkins Bank of Castile, Tompkins Insurance Agencies and Tompkins Financial Advisors donated 3,400 Oliver’s Candy Bars to the Rochester Regional Health Staff.
The sweet treat will be handed out to all employees as a way to say "Thank You!"
Pictured from left are: Steve Beardsley, senior vice president, Commercial Banking regional manager, presents Jim Creighton and Gina Burden-Rambert of Rochester Regional Health with 3,400 candy bars to distribute to their staff.
More than 700 small businesses received relief loans through Tompkins Bank of Castile
Press release:
More than 700 companies throughout Western New York were able to access approximately $120 million under the Small Business Administration’s Paycheck Protection Program facilitated by Tompkins Bank of Castile.
“Keeping with our longstanding commitment to the community, we were happy to do our part to support local businesses, especially during this time of need,” said President and CEO, John McKenna. “We’re thankful that our efforts were able to protect more than 7,000 local jobs.”
Essential bank staff aimed to get ahead of the rush by working extended hours — mostly remotely — to reassure customers, explain the PPP program, and process the loans as quickly as possible.
Local businesses are using the loans to keep employees on their payrolls, as well as cover other operating costs including interest, rent, and utility costs. The customers were very appreciative of the support.
“We’re grateful for Tompkins for keeping us updated on this process and supporting us along the way,” said one small business owner. “I really appreciate the information they have been able to provide, and I feel very confident with Tompkins at the helm.”
The COVID-19 pandemic required Tompkins to restrict its services to drive-up, ATM, phone, mobile, and internet banking. During this time, the staff worked diligently to educate customers about its electronic services.
“As an essential business, we’ve been fortunate to stay open and accessible to our customers when they need us most,” McKenna said. “We believe in the power of our local people working together to help our communities grow and thrive; That’s why we’ll continue to do everything possible to support our friends and neighbors as we work together to recover.”
