The Canandaigua National Corporation (CNC) Board of Directors has unanimously appointed Dr. James H. Watters as Director.

Canandaigua National Bank & Trust (CNB) is pleased to announce the promotion of Michael Mallaber to Director of Commercial Services. Mallaber has over 30 years of financial services experience in the Rochester area. In that time, he has accumulated a breadth of knowledge across all lines of business. He began his career as a Management Trainee gaining knowledge in each of the various banking departments before focusing on Commercial Lending.

Join Greg Pilato, Vice President, Retirement Consultant, and Jim Terwilliger, Senior Vice President, Senior Planning Advisor, from CNB Wealth Management to learn how the new Federal Secure Act will impact your IRA and 401(k) retirement plans. Listen to Ask the

Canandaigua National Bank & Trust (CNB) is honored to announce the retirement of Executive Vice President and Chief Lending Officer, Gary L. Babbitt and the appointment of Charlie J. Vita as his successor, effective January 1, 2020.

Lap Robes for Veterans is a nonprofit 501(c)3 organization who create and donate lap robes for veterans. The organization was founded by Nancy Vanapeldoorn, what started out as one lap robe at a time has grown to the production of

The Reverend John A. Reddington Scholarship Fund was established under the Will of Reverend John A. Reddington to provide for Catholic education at any level and for college education (non-denominational) for residents of the Diocese of Rochester. A scholarship committee exists to review all applications and to select individuals to receive scholarship grants.

Canandaigua National Bank & Trust (CNB) was awarded Rochester’s Choice Gold Award for Best Mortgage Lender and Silver Award for Best Bank Trust Company. This is the 18th year for the Rochester’s Choice Awards which is hosted by the Democrat

Verona Street Animal Society and Canandaigua National Bank & Trust (CNB) have partnered to support the Holiday Wish List Drive program to Benefit Rochester Animal Services.

Hillside Family of Agencies and Canandaigua National Bank & Trust (CNB) are teaming up again to support the Hillside Special Santa holiday giving program.Hillside Special Santa benefits thousands of youth and families served by Hillside Family of Agencies throughout western

Retirement accounts such as an IRA, a 401(k), a 403(b) or a 457 plan are a tax-efficient group of investment vehicles, in as much as the taxation of all income and capital gains generated by these accounts is deferred until funds are actually withdrawn. At that point, and provided the individual is old enough to make withdrawals without penalty (generally after age 59 and a half), all distributions are taxed at the individual’s ordinary income tax rate. Income paid and capital gains realized in a non-retirement account, however, are taxed in the year the income is received, or the year in which the gains are realized. In light of these very different tax treatments, there are ways that investors, particularly those in higher marginal tax brackets, can minimize their year-end tax liability outside of their more traditional retirement accounts.

The Salvation Army of Canandaigua is once again partnering with Canandaigua National Bank & Trust (CNB) for its annual Red Kettle Christmas fund raising campaign and bell ringing, which begins Friday, November 29th.

Canandaigua National Bank & Trust (CNB) has announced plans to open its 24th community branch office in Brockport, NY. The new office will be located near the intersection of Routes 19 & 31, in the Wegmans Plaza. This full service office will offer sit-down tellers and a complimentary coffee station stocked with local coffee company products. Michelle Hill, Assistant Vice President, former Manager of the Mendon Community Office, and Brockport resident, is assuming the role of Community Office Manager at the new location in Brockport.

Canandaigua National Bank & Trust (CNB) hosted a series of three (3) Community Shred Days at their Irondequoit, Brighton, and Manchester Shortsville Offices.CNB partnered with Eco Green Park, a Rochester based company, to securely collect, shred, and recycle all documents

Canandaigua National Bank and Trust (CNB) has been named 2019 Best of the Finger Lakes by readers of the Messenger Post Newspapers. CNB was recognized in two (2) categories Services, Bank I Credit Union as well as Wealth Management.

Whether in good economic times or in bad, most businesses have the need for a short-term source of capital, particularly if they’re extending credit to their customers (i.e. giving them time to pay) or manufacturing a tangible product. This capital often comes in the form of a business line of credit, whereby a business can borrow money to purchase raw material inventory and carry other expenses associated with the production and sale of a finished good, only to pay it back a short time later, once a sale is made and the proceeds of the sale are actually collected. In the business vernacular, this is referred to as a business’s cash conversion cycle or, simply, how long it takes to convert one dollar invested in the business today into one dollar of cash revenue collected at some point in the future.