News & Announcements

News and Announcements

 

JULY 12, 2019

ICBA Securities Appoints New Community Bank Board Members

WASHINGTON, D.C. – ICBA Securities Inc.®, the broker-dealer subsidiary of the Independent Community Bankers of America® (ICBA), today announced the appointments of ICBA Vice Chairman Bob Fisher, president and CEO, Tioga State Bank, Spencer, N.Y., and Jack Hopkins, president and CEO, CorTrust Bank, Mitchell, S.D., to its board of directors.

“ICBA Securities is fortunate to have such distinguished community bank leaders join our board,” said ICBA Securities Chairman Dennis Doyle, president and CEO of $836 million-asset Great Midwest Bank in Brookfield, Wis. “These new directors provide valuable insights and continue ICBA Securities’ rich tradition of seeking credible, respected community bankers on its board.”

Also serving on the ICBA Securities board of directors are Leon Blankstein, president and CEO, American Business Bank, Los Angeles; Scott Heitkamp, president and CEO, ValueBank Texas, Corpus Christi, Texas; Kathy Underwood, president and CEO, Ledyard National Bank, Hanover, N.H.; and John Witkowski, president and CEO Independent Bankers Association of New York State, Albany, N.Y.

“We are pleased to welcome Bob and Jack to the board and look forward to their fresh perspectives as we refine our investment portfolio and educational offerings that help foster continued growth and prosperity for the nation’s community banks,” says ICBA president and CEO Jim Reber.

Since 1989, ICBA Securities, a wholly owned subsidiary of ICBA, has offered broker-dealer services with an inventory of portfolio investment products to community banks through its exclusively endorsed broker Vining Sparks, one of the nation’s top 20 underwriters of agency securities.
For more information about ICBA Securities, visit www.icbasecurities.com.

 

About ICBA Securities
ICBA Securities, a wholly owned subsidiary of ICBA, specializes in providing quality investment products, services and education to community banks to help to create and maintain a high performing investment portfolio. For more information on ICBA Securities, visit www.icbasecurities.com.

About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ nearly 750,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $5 trillion in assets, nearly $4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.

 


June 20, 2019

Tioga State Bank opens new location in Ithaca for Mortgage Services

SPENCER, NEW YORK – Tioga State Bank is pleased to announce the opening of an additional location to serve the mortgage needs of our communities. Tioga State Bank has opened a location at 140 Seneca Way, Suite 200B, in Ithaca, NY.

Jessica Boynton, of the Tioga State Bank Mortgage Origination team, will relocate her office to this new location.

“I am enthusiastic about this new location and the opportunity to better serve the mortgage needs of the residents of Tompkins, and surrounding counties” Jessica Said. “This new location is convenient and will make our mortgage lending process that much easier” she stated.

Jessica has been a Mortgage Originator at Tioga State Bank since 2015. Prior to joining TSB, she had an additional seven years of experience in mortgage origination.

Jessica will be responsible for the origination of residential mortgages for purchase, refinance, or new construction at Tioga State Bank.


June 17, 2019

Look To Community Banks For Small Mortgages

BY ROBERT FISHER

While the nation’s growth has promoted a years-long housing recovery, some consumers report that they’re having trouble getting mortgages for an unusual problem: the loans they seek are too small. The Wall Street Journal recently reported that many consumers are having a hard time qualifying for mortgage loans worth less than $70,000. Fortunately for consumers, small mortgages remain the bread and butter for community banks in upstate New York and across the nation.

Community banks make one in every three home loans under $100,000 and 31 percent of small mortgages in rural areas, according to Home Mortgage Disclosure Act data. And as relationship-based lenders, community banks can explore all loan options—including home equity lines of credit and second mortgages—to find the best fit for each borrower.

My community bank—Tioga State Bank in Spencer—routinely makes $50,000 loans, with our average consumer mortgage loan eclipsing $100,000 only in recent years as home prices have rebounded. If we didn’t make these kinds of loans, we wouldn’t be serving our market, and the same goes for community banks across the country.

Meanwhile, regulatory reforms signed into law last year will help ensure continued access to mortgage credit by simplifying burdensome underwriting, escrow, appraisal, and reporting mandates enacted after the 2008 financial crisis. These common-sense reforms under the Economic Growth, Regulatory Relief and Consumer Protection Act are reducing compliance costs and helping community banks meet the needs of consumers at every income level.

Low- and middle-income home buyers seeking smaller mortgage loans should begin their search at their local community bank. Community bank lenders pride themselves on meeting the unique needs of their local communities, one loan at a time.

Robert M. Fisher is president and CEO of Tioga State Bank in Spencer, N.Y., and vice chairman of the Independent Community Bankers of America.


April 30, 2019

Shannon Davis Promoted to Vice President, Information Technology

SPENCER, NEW YORK – Tioga State Bank is pleased to announce that Shannon Davis has been promoted to Vice President of Information Technology. 

Shannon is responsible for overseeing the administration of the Bank’s networks, internet, telephone and additional areas of the IT Department.

Shannon joined Tioga State Bank in 2000 as the Technology Coordinator. She was then promoted to Information Technology Administrator, Information Technology Supervisor, Information Technology Manager and most recently, Vice President of Information Technology.

“I am enthusiastic about continuing my career with TSB in this new capacity” said Shannon.


April 1, 2019

ICBA: Community Banks Build Vibrant Communities

Washington D.C.—Community banks continue to expand and innovate to meet the needs of consumers and local communities—whether rural, suburban or urban. In honor of ICBA Community Banking Month in April, the Independent Community Bankers of America® (ICBA) is shining a spotlight on the nation’s community banks and their role in fostering local economic prosperity.

“As local small businesses themselves, community banks only thrive when their customers and communities flourish,” ICBA President and CEO Rebeca Romero Rainey said. “Local market knowledge, relationship-based lending, and civic-minded service are community banking hallmarks and the cornerstone to our industry’s success and longevity. ICBA is proud to represent America’s favorite lenders and support their ongoing efforts to create stronger, more vibrant communities—one loan at a time.”

Community banks take in local deposits and redistribute them back into the community—making roughly 60 percent of small-business loans and 80 percent of agriculture loans from the banking sector. They also contribute tax dollars that help maintain local municipalities and keep local neighborhoods viable and vibrant because serving the best interests of customers is fundamental to their business philosophy. Community banks:

  • Are robust lenders. Community bank loan growth has outpaced that of noncommunity banks for six consecutive years.
  • Offer high-touch, high-tech service. This gives consumers access to modern-day conveniences while maintaining the high-quality customer service for which community banks are known.
  • Maintain a wide branch network. Community banks added 700 offices between June 2017 and June 2018 even as their larger counterparts continued their exodus from local communities.
  • Understand and embrace local businesses. Small businesses that apply for loans with community banks are the most successful and most satisfied, according to a study from the 12 Federal Reserve Banks. ICBA celebrates local entrepreneurship on the third Wednesday of every month with Go Local Wednesday by supporting and promoting local businesses on social media.
  • Give back to their communities. Civic service is second nature to community banks as reflected in ICBA’s National Community Bank Service Awards.

For more facts and statistics about community banks, click here. To find your local community bank, visit ICBA’s Community Bank Locator. Follow the ICBA Community Banking Month conversation on social media with the #BankLocally hashtag.

About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $4.9 trillion in assets, $3.9 trillion in deposits, and $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.


February 21, 2019

Tioga County Hockey Night

Owego, NY— The Tioga County Chamber of Commerce in partnership with the Binghamton Devils is pleased to present Tioga County Hockey Night on Friday, March 8th. The puck will drop between the Binghamton Devils and the Utica Comets at 7:05 p.m. Tioga County Night will feature recognitions for academic excellence for students from Owego and Newark Valley. Also, Robert Fisher, President of Tioga State Bank will drop the ceremonial puck. Tioga State Bank is the sponsor of “Goals for Charities.” For every goal the Binghamton Devils score at a home game, Tioga State Bank donates $50 to a local charity.

Represent your community, encourage the Tioga County schools groups and support the Binghamton Devils on the ice! Special ticket packages are available for groups and businesses including concourse tabling and scoreboard recognition.

For more information on how to get involved contact: Justin Karpowich at (607) 722-8492.


January 23, 2019

Robert Fisher Named Vice Chairman of ICBA

Washington, D.C.—The Independent Community Bankers of America® (ICBA) today announced the nominees for its 2019-20 board of directors. ICBA’s board of directors will vote on the nominations during the 2019 ICBA national convention, ICBA LIVE®, which will be held March 18-22 in Nashville.

Nominations for the 2019-20 ICBA board of directors and their respective positions include:

  • Chairman: Preston L. Kennedy, president and CEO of Zachary Bancshares Inc. of Zachary, La.
  • Chairman-elect: Noah W. Wilcox, president, CEO and chairman of Grand Rapids State Bank and its holding company, Wilcox Bancshares Inc. of Grand Rapids, Minn.
  • Vice Chairman: Robert M. Fisher, chairman, president and CEO of Tioga State Bank of Spencer, N.Y.
  • ICBA President and CEO: Rebeca Romero Rainey of Washington, D.C.
  • Treasurer: Kathryn G. Underwood, president and CEO of Ledyard National Bank of Hanover, N.H.
  • Secretary: Alice P. Frazier, president and CEO of Bank of Charles Town, W.Va.
  • Immediate Past Chairman: Timothy K. Zimmerman, CEO of Standard Bank of Monroeville, Pa.
  • Past Chairman: R. Scott Heitkamp, president and CEO of ValueBank Texas of Corpus Christi, Texas
  • Past Chairman: Jack A. Hartings, president and CEO of The Peoples Bank Co. of Coldwater, Ohio
  • Past Chairman: John H. Buhrmaster, president and CEO of 1st National Bank of Scotia, N.Y.
  • At-large Director and Federal Delegate Board Representative: Douglas J. Ouellette, central region president, Mercantile Bank of Michigan of Mt. Pleasant, Mich.
  • At-large Director and Federal Delegate Board Representative: Thomas E. Bates, Jr., president and CEO, Legends Bank of Clarksville, Tenn.
  • At-large Director: Steven J. Handke, president and CEO of Union State Bank of Everest, Kan.
  • At-large Director: Mark Hesser, president of Pinnacle Bancorp Inc. of Omaha, Neb.
  • Bank Education Committee Chairman: Brad M. Bolton, president, CEO and senior lender of Community Spirit Bank of Red Bay, Ala.
  • Bank Services Committee Chairman: Lucas White, president of The Fountain Trust Co. of Covington, Ind.
  • ICBPAC Chairman: Russell L. Laffitte, executive vice president and COO, Palmetto State Bank of Hampton, S.C.
  • Policy Development Committee Chairman: Derek B. Williams, president and CEO of Century Bank & Trust of Milledgeville, Ga.
  • Bank Operations and Payments Committee Chairman: G. Scott McComb, chairman, president and CEO of Heartland Bank of Whitehall, Ohio
  • Corporate Secretary: Terry J. Jorde of Washington, D.C.

About ICBA
The Independent Community Bankers of America® creates and promotes an environment where community banks flourish. With more than 52,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 760,000 Americans and are the only physical banking presence in one in five U.S. counties. Holding more than $4.9 trillion in assets, $3.9 trillion in deposits, and $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.


October 11, 2018

$177 Million in SBA Loans for Upstate NY
SBA Names Top Southern Tier Lenders for Fiscal Year 2018

SYRACUSE, NEW YORK – SBA Syracuse District Director Bernard J. Paprocki released today the fiscal year 2018 lending report, with 670 7(a) and 504 loan approvals valued at $177 million across the 34-county Syracuse district.

Small businesses in Upstate New York are accessing the affordable capital they need to start and expand with SBA-backed loans,” said SBA Syracuse District Director Bernard J. Paprocki.

Paprocki also announced the most active lenders in the Southern Tier region for the recently ended federal fiscal year 2018. M&T Bank, Five Star Bank, and Tioga State Bank had the highest number of 7(a) approvals in their respective categories based on asset size.

For the twelfth year in a row, M&T Bank topped all large commercial banks in the Southern Tier and the entire 34-county Syracuse District. This year M&T Bank assisted small businesses in Southern Tier with 33 loans at a value of $3.5 million and district-wide with 102 loans totaling $7.8 million.

Five Star Bank was the most active large community lender in the Southern Tier for the fourth year in a row, with 20 loans valued at $723,800.

For the second year in a row, Tioga State Bank ranked the top small community lender in the Southern Tier with five approvals worth $409,400.

“Strong relationships with our lending partners and streamlined application processes will continue to help more Southern Tier entrepreneurs use SBA financing to create jobs and invest in their businesses and communities,” noted Paprocki.

Although SBA does not make direct loans to small business, the agency’s use of its guaranty authority enables commercial lenders to make loans to small businesses they would otherwise not have made. The 7(a) loan program is the most widely used access to capital SBA program, with flexible use of proceeds and loan maximum of $5 million. The 504 program offers long-term, fixed-rate financing for major assets such as land, building and equipment with loan maximum of $5 million. The SBA Southern Tier region covers the following counties: Broome, Chemung, Chenango, Cortland, Delaware, Otsego, Schuyler, Steuben, Tioga, and Tompkins.

About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.


September 26, 2018

Walsh Joins Tioga State Bank Board of Directors

SPENCER, NEW YORK – Tioga State Bank is pleased to announce that Wendy Walsh, District Manager of Tioga County Soil and Water Conservation District, has joined the bank’s Board of Directors.

Wendy Walsh, District Manager of Tioga County Soil and Water Conservation District, has joined the Tioga State Bank Board of Directors. Wendy graduated from University at Buffalo with a MS in Civil Engineering/Environmental Engineering Science. The District hired Wendy in 2000 as the Water Quality/Nutrient Management Specialist. While there, she has obtained two professional certifications; Certified Crop Advisor and Certified Erosion and Sediment Control Specialist. In 2005, Wendy was promoted to District Manager and currently resides in that position.

Wendy has been an active member of the Upper Susquehanna Coalition (USC) and in 2013, she also took on the additional responsibilities of becoming the USC Watershed Coordinator. In her current position, Wendy is responsible for all aspects of natural resource management of environmental and conservation programs on both private and public properties/entities.

Wendy resides in Apalachin, NY with her husband Eli, and their two young daughters, Mahayla and Tracy. Wendy and her family have a farm where they raise and market Angus and Hereford beef cattle, pasture raised pork and maple syrup direct to local consumers.

“I am honored to serve as a member of the TSB Board of Directors,” Wendy said. “This is a great partnership, and I look forward to adding my experience to the group.”

Also serving on Tioga State Bank’s Board of Director’s are Robert Fisher, Jean Fisher, Ralph Kelsey, Ronald Dougherty, Edward Jackson, Jr., Anne McKenna, Joseph Meagher, John Mondorf, and Luciano Piccirilli.


August 30, 2018

Tioga State Bank Honored as One of American Banker’s “Best Banks to Work For”

SPENCER, NEW YORK – Tioga State Bank has received national recognition as one of American Banker magazine’s “Best Banks to Work For.” The bank was honored for all that their employees do for their customers and communities.

Tioga State Bank President and CEO Robert Fisher commented, “As a local community bank, we are honored to be recognized as one of the best banks to work for. This award is a testament to the hard work and commitment to our customers and community provided by each of our tremendous and talented staff.”

The Best Banks to Work For program, which was initiated in 2013 by American Banker and Best Companies Group, identifies, recognizes, and honors U.S. banks for outstanding employee satisfaction. Full results of this year’s program are available at https://www.americanbanker.com/ and in the September issue of American Banker magazine.


June 19, 2018

TSB Hosts Tax Reform Seminar with Local Expert Panelists

SPENCER, NEW YORK – Tioga State Bank recently hosted a Tax Reform Seminar for small business owners. “2017 Tax Reform: What You Need to Know” offered business owners in our area an opportunity to learn about the impact that recent changes in tax laws will have on both business and individuals.

The seminar speakers consisted of area experts from local CPA firms.

Presentations included:

  • Kirk Blackman of Mondorf & Fenwick, PLLC presented on Qualified Business Income Deduction,
  • Robert J. Davis of Davidson, Fox and Company, LLP presented on Tax Reform Updates for Individuals, and
  • William J. Scannell of Johnson, Lauder & Savidge, LLP presented on Tax Reform Updates for Businesses.

The seminar was moderated by John Mondorf of Mondorf & Fenwick, PLLC.

All experts offer a broad range of knowledge and expertise and are available for consultation with their perspective firms.


May 30, 2018

Shannon Davis Promoted to Manager, Information Technology Department at Tioga State Bank

SPENCER, NEW YORK – Tioga State Bank is pleased to announce that Shannon Davis has been promoted to Manager of the Information Technology Department. 

Shannon DavisAs the IT Manager, Shannon is responsible for the administration of the Bank’s networks, internet, telephone and all related software. She also maintains user administration, support and training.

Shannon joined Tioga State Bank in 2000 as the Technology Coordinator. She was then promoted to Information Technology Administrator, IT Supervisor and most recently as IT Manager.

“I am enthusiastic about continuing my career with TSB,” said Shannon.

Shannon recently completed the Tioga County Chamber of Commerce Leadership Tioga course.


May 29, 2018

Jennifer Brockner Promoted to Senior Vice President, Chief Financial Officer at Tioga State Bank

Jennifer BrocknerSPENCER, NEW YORK – Tioga State Bank is pleased to announce that Jennifer Brockner has been promoted to Chief Financial Officer and Senior Vice President. Jennifer now has oversight for all finance responsibilities including the investment portfolio, all accounting functions, regulatory and management reporting, managing insurance coverages, as well as other risk management roles. Her new responsibilities will also include oversight of the Compliance Department and Tioga State Investment Services. Jennifer joined Tioga State Bank in 2002 as a Customer Service Representative. She transferred to the finance department as an Accountant II upon completion of her Bachelor’s degree in Accounting and was promoted to Senior Accountant/Supervisor, Finance Manager, Vice President of Finance, and most recently Senior Vice President, Chief Financial Officer. Jennifer holds a Bachelor’s of Science degree in Accounting, Magna Cum Laude, from Binghamton University.


 

April 18, 2018

Tioga State Bank Announces 2018 Community Advisory Boards

SPENCER, NEW YORK – Tioga State Bank is pleased to announce the 2018 Community Advisory Board members for our Spencer/Candor/Newfield, Owego, Waverly and Broome County Community Advisory Boards. This year, we welcome 15 new members and 4 returning members to our boards. Tioga State Bank welcomes back our returning board members Jeff Golden, Craig Jochum, Dan Gates and Michael Mastro. “These Boards serve a vital role to Tioga State Bank and to the communities we serve,” stated Sharon L. Yaple, SVP, Business Development and advisor for the TSB Community Advisory Boards. “They provide critical insights to our communities, the needs of the small businesses we serve and ways to provide our customers with products and services that meet their needs.” The Tioga State Bank Community Advisory Boards are as follows: Spencer/Candor/Newfield Community Advisory Board: Jeff Golden of Haefele TV, Kelly Haynes of The Spencer Agency, Brad Scott of Allstate Insurance in Ithaca and Kate Whittemore of Home Central.   Owego Community Advisory Board: Craig Jochum of Craig Jochum Logging, Inc., Roger Katchuk of First Tioga Realty, Ike Lovelass of The Owego Kitchen, Brandon Smith of Scott Smith & Son, Inc., and Dave Wheelock of Farm Family Insurance.   Waverly Community Advisory Board: Emily Barber of State Line Auto Auctions, Inc., Michael Bernatavitz of Fred Foote, Inc., Dr. Victor Idahosa a physician in private practice, Thomas King of Toms Hardware and Feed, Inc., and Marlene Rohe of McDonalds in Sayre, PA.   Broome Community Advisory Board: Chris Bodek of Bodek Plumbing & Heating, Kenneth Ellsworth of Keystone Associates, Dan Gates of Broome Bituminous Products, Dave Jones of Custom Systems Integration, Michael Mastro of Four M Equipment Sales, and Jeff Pilarchek of Endwell Greens & Pilarchek Properties.


 

January 9, 2018

ICBA Testifies on Behalf of Community Bank Regulatory Relief

WASHINGTON, D.C. – The Independent Community Bankers of America® (ICBA) today testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit on behalf of legislation to establish a more efficient financial regulatory regime. Robert Fisher, president and CEO of Tioga State Bank in Spencer, N.Y., expressed ICBA’s support for several bills to promote tiered and proportionate community banking regulations that will strengthen local economic growth and job creation. “Community banks didn’t cause the financial crisis, and we should not bear the weight of overreaching regulation intended to address it,” Fisher said. “ICBA is strongly encouraged by recent, bipartisan momentum for community bank regulatory relief from both sides of the Capitol, and we are optimistic that meaningful relief will soon be signed into law.” The fifth-generation community banker advocated the following bills, which include provisions recommended in ICBA’s pro-growth Plan for Prosperity regulatory relief platform.

  • The Community Financial Institution Exemption Act (H.R. 1264), introduced by Rep. Roger Williams (R-Texas), would exempt community banks with less than $50 billion in assets from all prospective rules and regulations issued by the Consumer Financial Protection Bureau.
  • The Home Mortgage Reporting Relief Act of 2017 (H.R. 4648), introduced by Reps. Tom Emmer (R-Minn.) and Randy Hultgren (R-Ill.), would provide temporary enforcement relief from new Home Mortgage Disclosure Act data collection and reporting requirements and restrict the CFPB’s ability to make the new data publicly available.
  • The Community Bank Reporting Relief Act (H.R. 4725), also introduced by Rep. Hultgren, would provide for short-form call reports in the first and third quarters for banks with assets of less than $5 billion.
  • The Economic Growth, Regulatory Relief and Consumer Protection Act (S. 2155), bipartisan legislation that has passed the Senate Banking Committee on a bipartisan vote, would provide robust community bank regulatory relief to strengthen economic growth and job creation.
  • ICBA thanks the sponsors of these pro-growth bills and urges lawmakers to take action on them for the benefit of local communities.

About ICBA The Independent Community Bankers of America®, the nation’s voice for more than 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.