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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: 8 Branches
Deal Type: Bank & Thrift Branch
Seller: Bank of America Corporation
Agreement Date7/23/2013
Announcement Date7/24/2013
Number of Target Branches8
Branch Locations Freeland, PA
Hazleton (2), PA
Kingston, PA
Lansford, PA
Lehighton, PA
Scranton, PA
Wilkes-Barre, PA

Franchise Premium ($000)8,058
Tangible Book Premium/ Deposits (%)2.37
StatusCompleted
Completion Date12/13/2013

 Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)NANA
Price / Tangible Book (%)NANA
Price / Earnings (x)NANA
Price / Deposits (%)NANA
Price / Assets (%)NANA
Tang Book Premium / Core Deposits (%)NA3.32
 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)340,000
Total Assets ($000)340,000
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesRBC Capital Markets LLC
SellerYesBank of America Merrill Lynch

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesBond Schoeneck & King PLLC
SellerYesWachtell Lipton Rosen & Katz

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