Pathfinder Bank net income down in 2013

Pathfinder Bancorp, Inc., headquartered in Oswego, posted net income of $550,000 for the last three months of 2013.

This compares to net income of $729,000 for the same period of 2012.

Company officials say the decrease in net income was principally due to the $277,000 increase in personnel expenses driven by wage increases and increased health insurance expenses under the company’s self-insurance program.

Additionally, a $190,000 increase in other expenses was due, in part, to an additional $53,000 related to fraud losses from a December 2013 merchant security breach of a pool of debit cards.

Net income for the entire year 2013 was $2.4 million, compared to $2.6 million in the full year of 2012.  This decrease in net income was due principally to an increase in personnel expenses, other expenses, and the provision for loan losses.

Basic and diluted earnings per share were 22 cents for the fourth quarter of 2013 as compared to basic and diluted earnings per share of 26 cents for the fourth quarter of 2012.

Basic and diluted earnings per share for the 12-month period ended Dec. 31, 2013 were 96 cents and 95 cents, respectively, as compared to basic and diluted earnings per share of 88 cents and 87 cents, respectively, for the comparable period in 2012.

Total loans were $341.6 million at Dec. 31, 2013, compared to total loans of $333.7 million at Dec. 31, 2012. Growth between these two time periods was impacted by the sale of residential mortgage loans in the second quarter of 2013 in the amount of $8.8 million.

Child safety seat check March 17

A child safety seat installation check is set for 9 a.m. to noon March 17 at the Pulaski Volunteer Fire Department.

The department is partnering with the Governor’s Traffic Safety Committee, Oswego County Traffic Safety Board and WIC to provide assistance for families in need of help with installing their child’s car seat in the safest and best way.

New York state law requires that children be in the appropriate child restraint until age 8.

Trained and nationally certified child passenger technicians will be on hand to teach parents and caregivers on choosing and installing the correct seat for their child’s age, weight, height, and development.

No appointment is necessary. For more information, or to host a child passenger safety seat check, call Billie Crandall Brady, Coordinator at 343-2344 ext. 22.

Mitchell’s expands to include signs

Mitchell’s Speedway Press has launched Speedway Sign & Design, a new division manufacturing wide-format printing and custom full color signs.

Speedway  Sign & Design offers customer consultation, custom graphic design and incredible print quality for many custom printed products — trade show graphics, banners, yard signs, conference signage, vehicle wraps, window graphics, wall graphics, floor graphics, clothing, magnets and more.

Speedway Sign & Design prints in high resolution on vinyl, adhesive mesh, fabric and canvas, along with many other materials including aluminum, up to 5 feet wide to any length.

Durable, finished signs are cut to shape and size, with industrial-grade lamination to weatherize the signs for at least five years. Hanging mesh and adhesive vinyl are also available for easy, professional window displays.

“A trade show display can have a dozen different types of large, custom-printed signs,” said Speedway Press third-generation owner John Henry. “From free-standing double-sided banners, retractable displays, to feather flag banners, Speedway Sign & Design can print them all. We can print car wraps, a custom wrap for your mailbox, or even graphics that adhere to the floor.”

“This will allow our clients to print their corporate identity on virtually any medium, ensuring a uniform corporate brand,” he said.

Speedway’s art department consults with clients to design and format their wide-format printing projects.

“We have three incredible designers on staff who will work personally with you to give your project life, all done in house and a telephone consultation away,” Henry said. “If you have your design all ready, our online order system makes it effortless to click and print any large format project, any time of day or night, and our turnaround time is second to none”.

Speedway Sign and Design prints all materials at its green-friendly plant in Oswego,  using full color eco-solve inks, including white and chrome.

“Chrome ink can be used to simulate gold, silver and other metallic colors, or add a mirror finish, really making the project pop,” Henry said. “Unlike many other sign shops, we added a 68” laminator, so every piece, no matter how large, can be laminated for years of use.”

Speedway Press is a nationwide printer who serves the race track industry, nonprofits and businesses nationwide.

John Henry announced the expansion was in line with the company’s continued growth.

“We had a great year, and we were able to invest this good fortune in wide format equipment, including a state of the art 64-inch Mimaki printer,” he said.

“We’re delighted to bring our printing expertise, stellar designers, and phenomenal customer care to the large format arena, turning out spectacular custom-printed projects, limited only to the extent of our client’s imagination,” he said.

Speedway can be reached through their website, www.speedwaypress.com, or in person at 343-3531.

Novelis workers vote down union; Steelworkers file charges

By Ashley M. Casey

Employees of the Novelis plant in Scriba voted last week not to join the United Steelworkers Union (USW). Of 560 employees polled over Feb. 20 and 21, 273 voted yes to joining USW and 287 voted no.

Jim Ridgeway, a local representative for USW, said USW has already filed charges against Novelis for unfair labor practices including threats and coercion toward employees. Continue reading

Kasper promoted at Scotsman Media Group

The Scotsman Media Group has appointed Courtney Rae Kasper as associate publisher of editorial as well as editor-in-chief of Today’s CNY Woman, effective Feb. 12.

An award-winning writer and editor, Kasper brings more than eight years of professional print media experience to the company. Most recently, she served as senior editor for Today’s CNY Woman in Syracuse,  and previously as associate editor for Dance Teacher magazine, New York, N.Y.

Kasper’s work also has appeared in national publications such as Time Out New York.

In addition to overseeing editorial content and design of all the company’s media products, Kasper will be responsible for maintaining the profitability of Today’s CNY Woman, while supporting advertising efforts for all of the company’s publications.

“Courtney Kasper has been an integral part of the Scotsman Media Group for more than two years,” said Scotsman Media Group President William Veit. “With Courtney’s drive, talent, and experience, we are certain our Scotsman Media Group readers and advertisers will be well served under her leadership.”

Kasper reports she will focus on continuing the growth of Today’s CNY Woman with a renewed focus on community events, and will work with focus groups to better understand the needs of the women in the Central New York community.

Under Kasper’s leadership, the editorial team for The Valley News will continue the publication’s long tradition of serving the Fulton community with quality community journalism, including a continuation of its monthly Fulton Families series, city of Fulton and Oswego County government, school sports and other community news coverage.

Kasper received her master of arts degree in magazine, newspaper and online journalism from Syracuse University’s S.I. Newhouse School of Public Communications.

Kasper was selected for the 2013 Rising Stars program through the Association of Free Community Papers where she will serve as a mentor for young communications professionals and participate in annual symposiums for the following two years.

Kasper resides with her husband, Don Kasper, in Auburn.

The Scotsman Press, Inc., incorporated in 1954, today is doing business as the Scotsman Media Group, which publishes the award-winning, community-focused publications The Valley News, Today’s CNY Woman, The Finger Lakes Vacationer and other specialty publications. The company also serves hundreds of other publications through its commercial printing services to customers throughout Central New York.

The Scotsman Press, Inc. is currently owned by John J. Badoud, Jr. of Virginia. On Jan. 24, 2014, it was announced that the company signed a definitive agreement to sell the company to its current president, William G. Veit. The sale of the company is expected to close on or about March 31, 2014.

For more information, please visit www.scotsmanpress.com

 

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