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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 History<< Return to Mergers & Acquisitions
 Deal Overview
Buyer: Community Bank System, Inc.
Actual Acquirer: Community Bank System, Inc.
Target: Elias Asset Management, Inc.
Seller: Elias Asset Management, Inc.
Deal Type: Securities & Investments Company
Agreement Date2/7/2000
Announcement Date2/7/2000
Announced Deal Value ($M)6.50
Announced Deal Value Per Share ($)NA
StatusCompleted
Completion Date4/3/2000
Consideration Breakout
Cash ($M)6.5

 Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NANA
Deal Value / Revenues (x)2.032.03
Price / Earnings (x)NANA
Price / EBITDA (x)NANA
Price / Assets Under Mgmt (%)0.930.93
 Deal Terms
Description of Consideration
Community Bank System Inc. acquired Elias Asset Management Inc. for $6.5 million in cash.
Percent Acquired (%)100.00
Purchase MethodPurchase
Merger of Equals?NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesCIBC World Markets Corp.

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerNANA

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