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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, National Association
Target: 18 Branches
Deal Type: Bank & Thrift Branch
Seller: Royal Bank of Scotland Group Plc
Agreement Date6/24/2008
Announcement Date6/25/2008
Number of Target Branches18
Branch Locations Au Sable Forks, NY
Champlain, NY
Fort Covington, NY
Indian Lake, NY
Lake Placid, NY
Long Lake, NY
Lyons Falls, NY
Malone, NY
Newcomb, NY
North Creek, NY
Plattsburgh (4), NY
Saranac Lake, NY
Ticonderoga, NY
Tupper Lake, NY
Whitehall, NY

Franchise Premium ($000)75,600
Tangible Book Premium/ Deposits (%)12.00
Completion Date11/7/2008

 Deal Terms
Description of Consideration
Deposits ($000)630,000
Total Assets ($000)554,400
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesKeefe Bruyette & Woods Inc.
SellerYesKeefe Bruyette & Woods Inc.

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

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