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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: 19 Branches
Deal Type: Bank & Thrift Branch
Seller: First Niagara Financial Group, Inc.
Agreement Date1/19/2012
Announcement Date1/20/2012
Number of Target Branches19
Branch Locations Adams, NY
Alexandria Bay, NY
Avon, NY
Canandaigua, NY
Fulton, NY
Geneseo, NY
Geneva (2), NY
Gowanda, NY
Lowville, NY
Newark, NY
Oswego, NY
Palmyra, NY
Plattsburgh, NY
Springville, NY
Watertown (2), NY
Watkins Glen, NY
Westfield, NY

Franchise Premium ($000)31,000
Tangible Book Premium/ Deposits (%)3.22
Completion Date9/7/2012

 Deal Terms
Description of Consideration
Deposits ($000)955,000
Total Assets ($000)924,000
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesRBC Capital Markets LLC
SellerYesSandler O'Neill & Partners LP

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

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