Investor Relations
Branch / ATM Locations


Entire IR Site Press Releases Only Filings Only
Email pagePDF viewPrint viewEmail AlertMobile IR siteRSS FeedsTear sheet
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: OneGroup NY, Inc.
Target: Penna & Associates Agency, Inc.
Deal Type: Insurance Broker Company
Agreement Date1/2/2018
Announcement Date1/2/2018
Announced Deal Value ($M)0.80
StatusCompleted
Completion Date1/2/2018
Consideration Breakout
Cash ($M)0.8

 Deal Terms
Description of Consideration
Community Bank System Inc. paid $0.8 million in cash to acquire certain assets of Penna & Associates Agency Inc.
Percent Acquired (%)NA
Accounting MethodAcquisition
Merger of Equals?No
Geographic Expansion?NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA

Copyright 2019, © S&P Global Market Intelligence  Terms of Use

Corporate Profile
Officers & Directors
Corporate Governance
Mergers & Acquisitions
Deposit Marketshare
Branch Locator
Branch Map
Press Releases
Archived Earnings Releases
Investor Presentations & Reports
Investor Fact Sheet
Webcasts
Stock Chart
Basis Calculator
Total Return Calculator
Historic Prices
Stock Splits & Dividends
Analyst Estimates
Insider SEC Filings
Insider Transactions
Institutional Ownership
SEC Filings & Annual Report
Acquisition Tax Information
Financial Highlights
Peer Analysis
Credit Ratings
Investors Choice Program
Event Calendar
Email Notification
Information Request
FAQ
RSS Feeds