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CBU - Community Bank System Inc.


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Community Bank System Inc. logo

Community Bank System, Inc. serves as the holding company for Community Bank, N.A., offering a comprehensive array of financial services to retail, commercial, and municipal clients. Established in 1866 and headquartered in DeWitt, New York, the company operates through three key segments: Banking, Employee Benefit Services, and All Other. Under the Banking segment, Community Bank System provides a wide range of deposit products including checking, savings, money market accounts, and time deposits. It also extends various loan options such as consumer mortgages, commercial loans, and installment loans secured by automobiles and recreational vehicles.

In addition to traditional banking services, Community Bank System offers a suite of financial solutions through its Employee Benefit Services segment. These include broker-dealer and investment advisory services, cash management, treasury services, asset management, and comprehensive employee benefit administration. The company also operates a full-service insurance agency providing personal and commercial insurance lines, enhancing its offerings with risk management products and services.

With a network encompassing approximately 215 customer facillities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts as of January 2022, Community Bank System continues to expand its footprint. It prides itself on delivering personalized wealth management, retirement planning, trust services, and investment alternatives such as stocks, bonds, and mutual funds. As a stalwart in the financial industry with over a century of operations, Community Bank System remains committed to serving the diverse financial needs of its communities while maintaining a strong focus on customer satisfaction and community involvement.

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Stock Sector: Banking: Northeast Banks

 

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