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Tompkins Community Bank
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.”
Tompkins Bank of Castile to aid its employees affected by COVID-19 pandemic
Press release:
In an effort to assist its employees with unexpected financial burdens faced during the current COVID-19 crisis, Tompkins Financial is offering a discount loan program to non-executive Tomkins employees who have encountered increased expenses or decreased income. These include spouse or domestic partner’s job loss, and unexpected costs for elder care or child care.
In addition, Tompkins has instituted a premium of up to 25 percent additional pay for employees whose essential work requires them to be on-site.
“Banks have been deemed to provide an essential service to our customers and communities and this is a way we can show our appreciation to our employees,” said John McKenna, president and CEO. “We understand that while we as a company are fortunate enough to maintain our workforce during this time, our team members may have spouses or partners who experience job loss.
"We also appreciate that they may experience unexpected costs related to the pandemic. We want our team members to know that Tompkins is standing by them in the same way they are standing by our customers.”
The premium pay model will apply to both exempt and non-exempt non-executive employees whose work requires them to report to a Tompkins location to perform essential job duties.
About Tompkins Bank of Castile
Tompkins Bank of Castile is a community bank with 15 offices in the six-county Western New York region. Services include complete lines of consumer deposit accounts and loans, business accounts and loans, and leasing. In addition, insurance is offered through an affiliate company, Tompkins Insurance Agencies, Wealth management, trust and investment services are provided through Tompkins Financial Advisors. Further information about the bank is available on its website, www.bankofcastile.com.
