M&A Deal Summary

Community Bank Acquires Oneida Financial

On February 24, 2015, Community Bank acquired financial services company Oneida Financial for 142M USD

Acquisition Highlights
  • This is Community Bank’s 7th transaction in the Financial Services sector.
  • This is Community Bank’s largest (disclosed) transaction.
  • This is Community Bank’s 9th transaction in the United States.
  • This is Community Bank’s 7th transaction in New York.

M&A Deal Summary
Date 2015-02-24
Target Oneida Financial
Sector Financial Services
Buyer(s) Community Bank
Deal Type Add-on Acquisition
Deal Value 142M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Luse Gorman (Legal)

Target

Oneida Financial

Oneida, New York, United States
Oneida Financial Corp. is a full-service, stock savings bank operating 11 Central New York Offices.

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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 9 of 13
Sector (Financial Services) 7 of 10
Type (Add-on Acquisition) 6 of 10
State (New York) 7 of 9
Country (United States) 9 of 12
Year (2015) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-24 Bank of America - Northeast Pennsylvania Branches

Pennsylvania, United States

Bank of America Corp. - Northeast Pennsylvania Branches includes five (5) branches in Luzerne County, one (1) in Lackawanna County and two (2) in Carbon County.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-05 Northeast Retirement Services

Woburn, Massachusetts, United States

Northeast Retirement Services, Inc. is a provider of institutional transfer agency, master recordkeeping services, custom target date fund administration, trust product administration and customized reporting services to institutional clients.

Buy $140M
Mergr

Product

Company

Legal