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Mergers & AcquisitionsCOMMUNITY BANK SYSTEM, INC. (NYSE - CBU) 
Deal values, assets, and deposits are as of the Announcement Date. Deals announced from 1996 to present.
M&A Deal Type 
Bank & Thrift Company Deals

Target
Seller
State Industry
Type
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Merchants Bancshares, Inc.VTBank10/24/2016Completed on 5/12/2017304.821,898,710
Oneida Financial Corp.NYThrift2/24/2015Completed on 12/4/2015142.23798,169
Wilber CorporationNYBank10/25/2010Completed on 4/8/2011101.83929,268
TLNB Financial Corp.NYBank1/09/2007Completed on 6/1/200717.60103,575
ONB CorporationNYBank8/02/2006Completed on 12/1/200615.6795,457
ES&L Bancorp, Inc.NYThrift4/20/2006Completed on 8/11/200639.49210,883
First Heritage BankPABank1/06/2004Completed on 5/14/200473.88287,999
Grange National Banc Corp.PABank6/07/2003Completed on 11/24/200380.13277,693
Peoples Bankcorp, Inc.NYThrift5/06/2003Completed on 9/5/20034.1928,768
First Liberty Bank Corp.PABank11/29/2000Completed on 5/11/200187.10646,661
Citizens National BankNYBank9/13/2000Completed on 1/26/200122.40116,199
 
Bank & Thrift Branch Deals

Target
Seller
Industry
Type
Announce
Date
StatusNumber of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
8 Branches
Bank of America Corporation
Bank7/24/2013Completed on 12/13/20138PA303,000
19 Branches
First Niagara Financial Group, Inc.
Bank1/20/2012Completed on 9/7/201219NY797,400
18 Branches
Royal Bank of Scotland Group Plc
Bank6/25/2008Completed on 11/7/200818NY565,045
1 Branch
HSBC Holdings, plc
Bank8/04/2004Completed on 12/3/20041NY32,600
36 Branches
FleetBoston Financial Corporation
Bank6/08/2001Completed on 11/16/200136NY473,000
12 Branches
Fleet Financial Group Inc.
Bank3/21/1997Completed on 7/18/199712NY159,100
8 Branches
KeyCorp
Bank2/11/1997Completed on 6/16/19978NY149,900
15 Branches
Chase Manhattan Corporation (The)
Bank12/07/1994Completed on 7/17/199515NY390,000
1 Branch
Chase Manhattan Corporation (The)
Bank6/02/1994Completed on 10/28/19941NY12,500
1 Branch
Fleet Financial Group Inc.
Bank2/24/1993Terminated1NY48,700
1 Branch
KeyCorp
Bank10/19/1989Completed on 3/26/19901NYNA
 
Government Assisted Deals

Target
Seller
StateIndustry
Type
Date SoldTarget Total
Assets ($000)
Target Assets
Sold ($000)
Target Total
Deposits ($000)
Columbia FS&LA / Canandaigua, CorningNYThrift6/03/1994NA NA 63,800
 

Financial Technology Deals

Target
Seller
SectorAnnounce
Date
StatusDeal Value
($M)
Target
Total
Assets
($000)
Northeast Retirement Services, Inc.
Investor group
Investment and Capital Markets Tech12/05/2016Completed on 2/3/2017125.12NA
Philadelphia division of Alliance Benefit Group
BenefitStreet, Inc.
HR and Payroll Technology7/01/2008Completed on 7/1/2008NANA
 
Insurance Broker Deals

Target
Seller
Announce
Date
StatusDeal Value
($M)
LTM
Revenue
($000)
WJL Agencies, Inc.1/04/2016Completed on 1/4/20160.60NA
Blundon Burgess Insurance Agency Inc.8/01/2011Completed on 8/1/2011NANA
 
Securities & Investments Deals

Target
Seller
TypeAnnounce
Date
StatusDeal Value
($M)
Target
Total
Assets
($000)
Hand Benefits & Trust, Inc.Regional Broker/Dealer2/22/2007Completed on 5/18/2007NANA
Elias Asset Management, Inc.Asset Manager2/07/2000Completed on 4/3/20006.50NA
 
Other Deals

Target
Seller
Announce
Date
Status Deal Value
($M)
Professional services practice
Excellus Health Plan, Inc.
12/05/2013Completed on 1/1/20140.92
CAI Benefits Inc.10/21/2011Completed on 11/30/2011NA
PWC Syracuse human rsrc unit
PricewaterhouseCoopers LLP
6/09/2003Completed on 7/31/20037.10
Benefit Plans Administrators Inc.4/29/1996Completed on 7/9/19961.31
 
All information in the Mergers & Acquisition web pages is provided by SNL Financial LC. SNL's methodologies for tracking transactions may result in their data being slightly different than that reported by Community Bank System, Inc. Please refer to footnote B, "Acquisitions", on page 72 of the Company's latest 10K filing (December 31, 2002) for further information on the completed deals listed above. Click here to view our latest 10K.

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