Community Financial System, Inc. (NYSE:CBU) is a bank holding company headquartered in DeWitt, New York, operating through its subsidiary Community Bank. It provides a comprehensive suite of commercial and consumer banking services to individuals, small and middle-market businesses, municipalities, and agricultural clients across central and northern New York, northeastern Pennsylvania, and western Massachusetts.
The company’s core offerings include deposit products such as checking accounts, savings accounts, money market accounts, and certificates of deposit. On the lending side, Community Financial System extends mortgages, home equity lines of credit, consumer installment loans, and commercial loans, including specialized agricultural financing to support local farmers and agribusinesses.
Beyond traditional banking, Community Financial System delivers wealth management and trust services through its private banking division. Clients benefit from investment management, retirement planning, estate administration, and insurance solutions. The company also offers treasury management and cash management services designed to optimize working capital and streamline receivables and payables for business clients.
Founded in 1866 as Onondaga County Savings Bank, the organization has grown through strategic branch expansion and targeted acquisitions. Its network includes over 75 branches, an ATM network, and robust digital banking platforms for online and mobile access. Community Financial System is led by President and CEO Emanuel J. Gerace, under whose guidance the company continues to emphasize community engagement and local economic development.
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