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Title
Date
Aug 05, 2019
A Peculiar Time for Additional Stimulus
In hindsight, it seems that last December might have been a reasonable time to consider additional economic stimulus in the form of a Federal Reserve Bank interest rate cut. By Christmas of 2018, the U.S. government was in the midst of a 35-day shutdown that lasted from December 22nd to January 25th. Our country had imposed tariffs of between 10 and 25% on $250 billion of Chinese imports, and China had responded by imposing retaliatory tariffs on $50 billion of U.S. exports to China. Fears over additional tariffs, slowing global growth, slowing corporate profits in the U.S. and a Federal Reserve Bank bent on raising interest rates three times in 2019 (for a total of 12 rate hikes since 2015) and two additional times in 2020 had spooked investors. As a result, and on an intra-day basis, the Dow Jones Industrial average fell almost 17.5% from November 8th to December 26th and approximately 19.5% over the entire fourth quarter of 2018. Market pullbacks of 20% or more have typically been associated with recession but, as we know, the Fed chose not to take any action at that time and the current U.S. expansion has yet to end in recession.
Aug 05, 2019
Jul 17, 2019
CNB Plans for 2020 Opening of Brockport Community Office
Canandaigua National Bank & Trust (CNB) has announced plans to open its 25th community branch office in Brockport, NY. The new office will be located near the intersection of Routes 19 & 31, in the Wegmans Plaza.
Jul 17, 2019
Jun 13, 2019
Economic Column by Steve Rossi June 10
The idea of environmental, social and governance-friendly (ESG) investing has been around for quite a while now; long enough, in fact, that many financial institutions (including ours) are now offering customized ESG portfolios to their clients. Our standard ESG growth portfolio boasts internal fund expenses of only 0.44%, for an account with 78% stock and 22% bonds/cash, and this particular portfolio has only a 3.71% allocation to energy. But what do you do when a client wants a portfolio with absolutely ZERO energy exposure, because energy is synonymous with fossil fuels and fossil fuels are destroying the planet? You find a solution that meets the client’s needs!
Jun 13, 2019
May 20, 2019
Environmental Impact of the 2019 Spring CNB Community Shred Days
Canandaigua National Bank & Trust (CNB) hosted a series of three (3) community shred days at their Honeoye Falls, Greece Ridge, and Farmington Offices.CNB partnered with Eco Green Park, located out of Rochester, to collect and shred all documents received
May 20, 2019
May 14, 2019
Ask the Experts May 25
Join Amy Boyd Ertel, VP – Trust Officer, and Lou Rossetti, VP – Trust Officer, from the Wealth Management group at Canandaigua National Bank & Trust, as they discuss the Most Frequently Asked Estate Planning Questions Listen to Ask the
May 14, 2019
Apr 19, 2019
2019 Spring Community Shred Days
Canandaigua National Bank & Trust (CNB) will be hosting three (3) spring Community Shred Days. These events offer complimentary shredding services with a secure provider. Those who would like to use this service can simply collect the documents
Apr 19, 2019
Mar 12, 2019
2020 Wall Calendar Request
It’s time to begin planning our annual, community wall calendar. We’d like to feature one of the photos you’ve taken over the past year Submitted photographs should include the photographer’s name photo location the approximate date the photo was taken return
Mar 12, 2019
Mar 06, 2019
Online Banking Training Sessions - Spring
Want to learn more about the features and functionalities of CNB Online and Mobile Banking? CNB is hosting four (4) training sessions that will bring you important information about the features, functionalities and benefits of CNB Online Banking and the
Mar 06, 2019
Mar 06, 2019
Mike Mallaber Featured in RBJ Article
Michael S. Mallaber Senior Vice President, Group Manager, from our Commercial Services team, was featured in a Rochester Business Journal article that discusses the commercial lending outlook for the greater Rochester area. Read the full article below.Commercial lending
Mar 06, 2019
Feb 28, 2019
Ask the Experts March 9
Join Charlie Vita, SVP – Group Manager, and Kevin DiGiacomo, VP – Relationship Manager, from the Commercial Services group at Canandaigua National Bank & Trust, to learn about finance structures and strategies to support your business or commercial real estate
Feb 28, 2019
Jan 16, 2019
Ask the Experts January 27

Join Jason Fitzgerald and Jim Terwilliger, Senior Vice Presidents and Certified Financial Planners, from CNB Wealth Management, to learn about major changes that could impact your financial plan in 2019. Listen to Ask the Experts, Sunday, January 27th at 7

Jan 16, 2019
Jan 15, 2019
CNB Receives 2018 MarCom Platinum Award

Canandaigua National Bank & Trust (CNB) has been honored with the 2018 MarCom Platinum Award for their 2018 TV Ad Campaign. MarCom Awards is an international creative competition that recognizes outstanding achievement by marketing and communication professionals. CNB partner Martino

Jan 15, 2019
Jan 15, 2019
Steve Rossi - Economic Column

The First Rule of Thumb in a Market Reversal Don’t Panic By Stephen A. Rossi, SVP, Senior Equity Strategist – CNB Wealth Management Published on January 4, 2019 in the Rochester Business Journal The month of December was a brutal

Jan 15, 2019
Jan 11, 2019
Steve Rossi Featured in RBJ Article

Stephen A. Rossi Senior Vice President, Senior Equity Strategist, MBA, CFA®, CFP®, in our Wealth Management group, was featured in a Rochester Business Journal article that discusses anxiety amongst investors wondering if a recession may occur in the near future.

Jan 11, 2019
Jan 11, 2019
Online Banking Training Sessions - Winter

Want to learn more about the features and functionalities of CNB Online and Mobile Banking? CNB is hosting four (4) training sessions that will bring you important information about the features, functionalities and benefits of CNB Online Banking and the

Jan 11, 2019
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