Community Bank - M&A Summary and Business Overview

Financial ServicesCompany

Community Bank M&A Summary

Community Bank has acquired 13 companies, including 3 in the last 5 years.

Community Bank’s largest acquisition to date was in 2015, when it acquired Oneida Financial for $142M. Community Bank has acquired in 4 different US states, and 2 countries. The Company’s most targeted sectors include financial services (77%) and business services (16%).

Community Bank Business Overview

Where is Community Bank headquartered?

Community Bank is headquartered in Dewitt, New York.

What is Community Bank’s revenue?

Community Bank disclosed revenue of 652M USD for 2023 and 679M USD for 2022.

How many employees does Community Bank have?

Community Bank has 2,839 employees.

What sector is Community Bank in?

Community Bank is a financial services company.

When was Community Bank founded?

Community Bank was founded in 1866.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity13
  • Total Sectors Invested 3
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 4
  • M&A Advisors 6

Community Bank

Community Financial System, Inc.

5790 Widewaters Parkway,
Dewitt, New York 13214
United States,
(315) 445-2282
www.cbna.com

Community Bank is a financial company that provides various deposit products including checking, savings and money market accounts as well as time deposits. Community Bank was incorporated in 1866 and is based in Dewitt, New York.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 12 - 1 - - - 13
vol $602M $602M
Sell (0.0/yr) # - - - - - - 0
  13

Most Recent M&A

Company Date Value Type
Fringe Benefits Design of MN, Inc. 2021-07-01 - Add-on Acquisition
Bloomington, Minnesota · www.fbdmn.com
Steuben Trust Corp. 2019-10-21 107M USD Add-on Acquisition
Hornell, New York · www.steubentrust.com
Kinderhook Bank Corp. 2019-01-22 93M USD Add-on Acquisition
Kinderhook, New York · www.nubk.com
Northeast Retirement Services, Inc. 2016-12-05 140M USD Add-on Acquisition
Woburn, Massachusetts · www.nrstpa.com
Oneida Financial Corp. 2015-02-24 142M USD Add-on Acquisition
Oneida, New York · www.oneidabank.com
Bank of America Corp. - Northeast Pennsylvania Branches 2013-07-24 - Divestiture
, Pennsylvania
First Niagara Bank NA - Canandaigua and Geneva Bussiness 2012-09-10 - Divestiture
Buffalo, New York
The Wilber Corp. 2010-10-25 102M USD Add-on Acquisition
Oneonta, New York · www.wilberbank.com
Citizens Bank - 18 Branches 2008-11-07 - Divestiture
, New York
Hand Benefits & Trust Co. 2007-05-18 - Add-on Acquisition
Houston, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 10 (77%) 602M (100%) - -
Business Services 2 (15%) - - -
Insurance 1 (8%) - - -
Total 13 $602M - -

By Geo

State/Country Buy Value Sell Value
United States 12 602M - -
  New York 9 462M - -
  Texas 1 - - -
  Pennsylvania 1 - - -
  Massachusetts 1 140M - -
United Kingdom 1 - - -
  Minnesota 1 - - -
Domestic 12 (92%) 602M (100%) - -
Cross-border 1 (8%) - - -
Total 13 $602M - -

Top M&A Advisors

Financial Deals
RBC Capital Markets
3
D.A. Davidson & Co.
1
Raymond James - Investment Banking
1
Legal Deals
Bond, Schoeneck & King
2
Cadwalader, Wickersham & Taft
2

Deal Values

buy # Total
$100M to $1B 4 $491M
< $100M 2 $111M
TOTAL $602M
Largest Oneida Financial Corp.
$142M (2015-02-24)

M&A Connections

Deals
Acquired from
Strategic(s)
23%
3 (23%)

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