The Wilber Corp. in Oneonta is on the Russell 3000 Index.

The corporation joined when Russell Investments reconstituted its U.S. and global equity indexes on June 26, a media release from the parent company of Wilber National Bank said Tuesday.

Annual reconstitution of Russell’s U.S. indexes includes the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization, the release said. Membership in the Russell 3000, which is for one year, means inclusion in the large-cap Russell 1000 Index or small-cap Russell 2000 Index as well as the growth and value style indexes.

Douglas Gulotty, Wilber Corp. president and chief executive officer, said inclusion in the Russell 3000 Index is a milestone in the company’s history.

``We are especially pleased that the company has persevered in these challenging economic times to be included in this broad-market index,’’ Gulotty said in the release.

Wilber Corp. is traded on the NYSE Amex, symbol GIW. On Friday, June 26, Wilber’s common stock traded 508,422 shares and closed at $13.05 per share, the release said. The previous day, the company’s common stock traded 14,700 shares and closed at $10.14 per share; Wilber management attributed the increases to inclusion in the Russell 3000.

On Tuesday, 42,298 shares of Wilber were traded, and the closing price was $11.10, up 63 cents, according to

Russell Investments provides strategic advice and institutional-quality investment products to investors, the release said. Russell had $136 billion in assets under management as of March 31. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Co.

MB Communications opens

MB Communications, a consulting service specializing in public relations, has opened.

Owner Maggie Barnes has been a professional communicator for 23 years, working as a reporter, news anchor, copywriter and editor, public-relations director and spokeswoman. She previously worked as director of community affairs at A.O. Fox Memorial Hospital in Oneonta.

Barnes said she can offer businesses and organizations assistance on topics ranging from media relations and crisis communications to advertising and governmental advocacy.

In addition, Barnes is a public-information officer certified by the Federal Emergency Management Agency, which she said is a rare designation in this region. She is trained in the Incident Command System and the National Incident Management System, the universal language of emergency-response communication.

“Over the years, I have developed a strong network of relationships throughout New York state that help my clients achieve their goals,’’ Barnes said in a prepared statement. ``Communication is my passion, and I think it shows in the service I deliver.”

To reach Barnes, visit MB Communications at or call 287-5553.

Realty firm in Afton merges

Morgan Hill Realty has entered into an agreement to merge its Afton real-estate firm with RealtyUSA’s Binghamton and Otsego/Delaware region, according to a media release that said the transaction closed Friday.

Morgan Hill Realty in Afton has existed for more than 20 years. Owner Mary Niles and her team of about five members will join RealtyUSA’s Binghamton office. Niles said she and her team are ``looking forward to working with the finest real-estate company in the industry.”

Merle Whitehead, broker/owner of RealtyUSA, said in the release she was pleased to have ``such a great team’’ join the ``Binghamton family.’’

``This is a great fit that will help us continue to serve the Southern Tier market with distinction,’’ Whitehead said.

RealtyUSA is the largest independent real-estate company in the state, with more than 55 offices and 2,500 agents and employees. The release said RealtyUSA is ranked No. 5 in the country in terms of the largest independent real estate firms.

Leadership Chenango seeks award nominees

Leadership Chenango is seeking nominations for the Harry Tecklenburg Leadership Award that will be presented at its Class of 2010 Kick-Off Dinner in October.

The recipient will be an individual who has shown leadership through community service, among other factors. Past recipients were Marylou Stewart (class of 1994), Tracy “Ted” Hogan (1996), John Huhtala Sr. (1998), Clarence Rapplyea (2000), Peter Chaplin (2001), Eric Larsen (2003) and James Williams (2007).

Nomination forms are available at Commerce Chenango, Catholic Charities of Chenango County and branches of NBT Bank in Chenango County. Forms are due by Aug. 1. For more information, call the chamber at 334-1400.


To suggest a business story, announce a new business or changes to an existing one, e-mail or call Denise Richardson at 432-1000 or (800) 721-1000, ext. 213.

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