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Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO

RTTNews | 790 dias atrás

Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO

(RTTNews) - Community Bank System, Inc. (CBU) announced Wednesday that Mark Tryniski will retire as the Company's President and Chief Executive Officer, effective as of December 31, 2023. He joined the Company in 2003 as Chief Financial Officer and has been at the helm of the company and its wholly owned banking subsidiary, Community Bank, N.A. since August 2006.

Tryniski has agreed, if nominated, to serve as a Director of the Company and the Bank until December 31, 2024.

The Board of Directors has selected Dimitar Karaivanov, the Company's Executive Vice President and Chief Operating Officer, to succeed Tryniski effective as of January 1, 2024. The Board will also expand to 13 Directors and appoint Karaivanov as a Director of the Company and the Bank effective as of January 1, 2024.

Karaivanov joined the Company in June 2021 as its Executive Vice President of Financial Services and Corporate Development. He was appointed COO in October 2022, adding responsibility for the Company's banking business - Community Bank, N.A.

Prior to joining the Company, Karaivanov served as Managing Director in Lazard's Financial Institutions Group and has extensive experience as an investment banker for banks, other financial institutions, and fintech companies at a number of leading financial services firms.

Etiquetas: CBU

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Community Bank System Q3 Profit Rises, Meets View

Community Bank System Q3 Profit Rises, Meets View

Community Bank System Inc. (CBU) reported Monday that its third quarter net income increased to $48.69 million or $0.90 per share from $45.34 million or $0.83 per share in the prior-year quarter. Excluding item, operating earnings were also $0.90 per share.

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U.S. Construction Spending Unexpectedly Edges Lower In July

U.S. Construction Spending Unexpectedly Edges Lower In July

A report released by the Commerce Department on Tuesday showed construction spending in the U.S. unexpectedly edged slightly lower in the month of July. The Commerce Department said construction spending slipped by 0.1 percent to an annual rate of $2.139 trillion in July after falling by 0.4 to a revised rate of $2.141 trillion in June.

RTTNews | 24 minutos atrás

Domino's Launches Two New Delectable Bread Bites Flavors

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Domino's Pizza, the largest pizza company in the world, announced the launch of two new Bread Bite flavors: Cinnamon and Garlic, to join Domino's Parmesan Bread Bites, adding to its line of oven-baked mouthwatering options for customers to enjoy.

RTTNews | 36 minutos atrás

U.S. Manufacturing Index Inches Up In Line With Estimates In August

U.S. Manufacturing Index Inches Up In Line With Estimates In August

The Institute for Supply Management released a report on Tuesday showing a slight increase by its reading on U.S. manufacturing activity in the month of August, although the index still indicated the sixth consecutive month of contraction.

RTTNews | 39 minutos atrás

FTSE 100 Slips As Yields Spike, Sterling Plunges

FTSE 100 Slips As Yields Spike, Sterling Plunges

The FTSE 100 benchmark of the London Stock Exchange dropped close to a percent amidst renewed concerns about the fiscal situation in the U.K.

RTTNews | 1 h 25 min atrás

CAC 40 Slips Amidst Fiscal Concerns

CAC 40 Slips Amidst Fiscal Concerns

A renewed focus on the fiscal situation in France dampened sentiment for the CAC 40 benchmark that tracks the 40 largest French stocks based on the Euronext Paris.

RTTNews | 2 h 34 min atrás

DAX Dips As Inflation Spike Hurts Sentiment

DAX Dips As Inflation Spike Hurts Sentiment

The DAX benchmark that tracks the performance of the 40 largest companies listed on the Frankfurt Stock Exchange is trading deep in the red amidst a higher-than-expected level of inflation reading from Euro Area.

RTTNews | 3 h 36 min atrás

Sensex, Nifty Give Up Early Gains To End Lower

Sensex, Nifty Give Up Early Gains To End Lower

Indian shares gave up early gains to end lower on Tuesday ahead of the upcoming two-day Goods and Services Tax (GST) Council meeting later this week.

RTTNews | 4 h 30 min atrás

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