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Title
Date
Oct 16, 2019
Quantifying the Need for a Business Line of Credit
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.
Oct 16, 2019
Oct 01, 2019
CNB Recognized as a MVP Workplace Well-Being Award Winner
Canandaigua National Bank & Trust (CNB) has been selected as a Gold Level Award winner by MVP Health Care for its inaugural class of honorees. The Workplace Well-Being Awards recognize companies and organizations that have demonstrated a strong commitment to improving the health and well-being of their employees through workplace wellness programs.
Oct 01, 2019
Sep 25, 2019
Rochester Business Journal Announces 2019 Forty Under 40 Honorees
Rochester Business Journal has selected Vince Yacuzzo, CPA, Executive Vice President and Chief Financial Officer, Canandaigua National Bank & Trust (CNB), as a 2019 Forty Under 40 honoree.
Sep 25, 2019
Sep 18, 2019
Ask the Experts September 28
The annual Medicare open enrollment is fast approaching. Join Denise Kelly Dohse from CNB Wealth Management and Jane Ahrens, from Ahrens Benefits Company, to learn about the choices you may be facing. Listen to Ask the Experts, Saturday,
Sep 18, 2019
Sep 05, 2019
Canandaigua National Bank & Trust Announces 2018 Arthur S. Hamlin Recipient
Canandaigua National Corporation (CNC) awards Diana Wright with the Employee of the Year Award, known to those at CNC as the Arthur S. Hamlin (ASH) Award, named for Canandaigua National Bank & Trust’s past President, CEO, and Chairman. This honor is awarded each year in June at CNC’s annual Employee Celebration event.
Sep 05, 2019
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
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