M&A Deal Summary

Community Bank Acquires Benefit Plans Administrative Services

On January 1, 1996, Community Bank acquired insurance company Benefit Plans Administrative Services

Acquisition Highlights
  • This is Community Bank’s 1st transaction in the Insurance sector.
  • This is Community Bank’s 1st transaction in the United States.
  • This is Community Bank’s 1st transaction in New York.

M&A Deal Summary
Date 1996-01-01
Target Benefit Plans Administrative Services
Sector Insurance
Buyer(s) Community Bank
Deal Type Add-on Acquisition

Target

Benefit Plans Administrative Services

Utica, New York, United States
Benefit Plans Administrative Services, Inc. offers administrative, actuarial, and consulting services.

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Buyer(S) 1

Buyer

Community Bank

Dewitt, New York, United States
Category Company
Founded 1866
Sector Financial Services
Employees2,839
Revenue 652M USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 13
Sector (Insurance) 1 of 1
Type (Add-on Acquisition) 1 of 10
State (New York) 1 of 9
Country (United States) 1 of 12
Year (1996) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-09-03 KBM Management

Syracuse, New York, United States

KBM Management, Inc is an employee benefit consulting and risk management firm specializing in health and retirement plans.

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