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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 NA
Target: 36 Branches
Deal Type: Bank & Thrift Branch
Seller: FleetBoston Financial Corporation
Agreement Date6/8/2001
Announcement Date6/8/2001
Number of Target Branches36
Branch Locations Alleghany (7)
Cayuga, NY
Chautauqua (8)
Erie, NY
Chemung
Cattaraugus (6), NY
Livingston (3)
Ontario, NY
Schuyler
Steuben (5), NY
Yates (2) counties, NY

Franchise Premium ($000)NA
Tangible Book Premium/ Deposits (%)NA
StatusCompleted
Completion Date11/16/2001

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)473,000
Total Assets ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesJanney Montgomery Scott LLC

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesBond Schoeneck & King PLLC
SellerNANA

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