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Tompkins Financial Corporation reports news about a regional banking and financial services company serving Central, Western and Hudson Valley New York and Southeastern Pennsylvania. The company operates through Tompkins Community Bank, which provides commercial and consumer banking, and offers wealth management services under the Tompkins Financial Advisors brand, including investment management, trust and estate, financial planning and tax planning services.
Recurring developments include quarterly earnings, net interest margin trends, loan and deposit activity, regulatory capital measures, cash dividends and bank leadership changes. Company updates also cover capital actions and portfolio changes, including the completed sale of Tompkins Insurance Agencies, Inc.
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Tompkins Community Bank has named Diane Torcello and Johanna Anderson as new market presidents for Western New York and Central New York, respectively. Torcello, with 18 years at Tompkins, previously served as senior vice president and has been recognized as a leader in the banking community. Anderson, a three-year board member, brings expertise in residential lending and affordable housing development.
This announcement represents a milestone in the bank's executive leadership, as it marks the first time three of the four market president roles are filled by women. Both leaders are expected to enhance client engagement and community relations while driving growth in their regions.
Tompkins Financial Corporation (NYSE American:TMP) has declared a quarterly cash dividend of $0.60 per share, an increase of $0.03 or 5.3% from the previous year. This dividend will be payable on February 15, 2023, to shareholders on record as of February 7, 2023. Headquartered in Ithaca, NY, Tompkins Financial operates across New York and Pennsylvania, providing banking, insurance, and wealth management services.