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25.06.25 - 12:48
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Community Bank Accelerates Greater Lehigh Valley PA Expansion (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc. (NYSE: CBU), announced today it has entered into a Purchase and Assumption Agreement with Santander Bank, N.A. (“Santander Bank”) to acquire seven branch locations in the Allentown, PA area as well as certain branch related loans and deposits. In addition, Community Bank will purchase related wealth management relationships. The transaction is expected to close during the fourth quarter of 2025 subject to customary regulatory approval. All branches will remain open and all employees will be offered continued employment.
The transaction accelerates Community Bank's de novo expansion in the Greater Lehigh Valley and complements its existing commercial and consumer lending presence in the market. The acquisition, together with Community Bank's existing branches in the market and its pending de novo locations, brings Community Bank's total retail locations in the Greater Lehigh...
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29.04.25 - 12:51
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Community Financial System, Inc. Reports First Quarter 2025 Results (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (the “Company”) (NYSE: CBU) reported first quarter 2025 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year.
First Quarter 2025 Performance Summary
Net income of $49.6 million, or $0.93 per share, increased $0.17 per share from the prior year's first quarter and decreased $0.01 per share from the fourth quarter of 2024
Operating net income1 of $52.1 million, or $0.98 per share, increased $0.16 per share from the prior year's first quarter and decreased $0.02 per share from the fourth quarter of 2024
Total revenues of $196.2 million increased $19.0 million, or 10.7%, from the prior year's first quarter and decreased $0.1 million from the four...
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16.04.25 - 22:33
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Community Financial System, Inc. Announces Quarterly Dividend (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on July 10, 2025 to shareholders of record as of June 13, 2025. The $0.46 cash dividend represents an annualized yield of 3.47% based on the closing share price of $53.08 on April 15, 2025.
About Community Financial System, Inc.
Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking services, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institutions with over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company's Benefit Plans Administrative Services, Inc. subsidiary is...
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11.03.25 - 11:48
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Community Financial System, Inc. Appoints Marya Burgio Wlos as Executive Vice President and Chief Financial Officer (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (the “Company”) (NYSE: CBU) and its wholly owned banking subsidiary, Community Bank, N.A. (the “Bank”), announced the appointment of Marya Burgio Wlos as Executive Vice President and Chief Financial Officer of the Company and the Bank, effective as of March 31, 2025. Joseph E. Sutaris, who previously notified the Company and the Bank of his intent to retire as Executive Vice President and Chief Financial Officer, will remain with the Company and the Bank through July 1, 2025 and will work closely with Ms. Wlos during the transition period.
Ms. Wlos, age 47, has served as Managing Director and COO Investment Bank at M&T Bank since January 2021. Ms. Wlos served as Head of Management Accounting, Finance at M&T Bank from September 2018 through January 2021 and as Head of Trading Relationship Management, UBS Asset Management at UBS AG from November 2013 through August 2018. Prior to that time, Ms. Wlos served in various finance roles at ...
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21.01.25 - 12:48
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Community Financial System, Inc. Reports Fourth Quarter and Full Year 2024 Results (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (the “Company”) (NYSE: CBU) reported fourth quarter and full year 2024 results that are included in the attached supplement. This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://communityfinancialsystem.com/news. An archived webcast of the earnings call will be available on this site for one full year.
Fourth Quarter and Full Year 2024 Performance Summary
Fourth quarter net income of $49.8 million, or $0.94 per share, increased $0.31 per share from the prior year's fourth quarter and increased $0.11 per share from the third quarter of 2024 while full year net income of $182.5 million, or $3.44 per share, increased $0.99 per share from the prior year
Fourth quarter operating net income1 of $52.9 million, or $1.00 per share, increased $0.18 per share from the prior year's fourth quarter and increased $0.12 per share from...
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15.01.25 - 22:33
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Community Financial System, Inc. Announces Quarterly Dividend (Business Wire)
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SYRACUSE, N.Y.--(BUSINESS WIRE)--Community Financial System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.46 per share on its common stock. The dividend will be payable on April 10, 2025 to shareholders of record as of March 14, 2025. The $0.46 cash dividend represents an annualized yield of 3.0% based on the closing share price of $61.60 on January 14, 2025.
About Community Financial System, Inc.
Community Financial System, Inc. is a diversified financial services company that is focused on four main business lines – banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank, N.A., is among the country's 100 largest banking institutions with over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company's Benefit Plans Administrative Services, Inc. subsidiary is a lea...
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