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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: OneGroup NY, Inc.
Target: Gordon B. Roberts Agency, Inc.
Deal Type: Insurance Broker Company
Agreement Date12/4/2017
Announcement Date12/4/2017
Announced Deal Value ($M)3.55
StatusCompleted
Completion Date12/4/2017
Consideration Breakout
Cash ($M)1.4
Common Stock ($M)2.2
Common Stock Issued40,000

 Deal Terms
Description of Consideration
Community Bank System Inc. paid $1.35 million in cash and issued 0.04 million shares of its common stock to acquire Gordon B. Roberts Agency Inc.
Percent Acquired (%)100.00
Accounting MethodAcquisition
Merger of Equals?No
Geographic Expansion?NA
Estimated Cost Savings (%)NA
Est. Restructuring Charges ($000)NA

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