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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, NA
Target: 12 Branches
Deal Type: Bank & Thrift Branch
Seller: Fleet Financial Group Inc.
Agreement Date3/21/1997
Announcement Date3/21/1997
Number of Target Branches12
Branch Locations Boonville
Clayton, NY
Gouverneur
Lowville, NY
Massena (2), NY
Ogdensburg (2), NY
Old Forge, NY
St. Regis Falls, NY
Watertown (2), NY

Franchise Premium ($000)15,700
Tangible Book Premium/ Deposits (%)9.87
StatusCompleted
Completion Date7/18/1997

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)159,100
Total Assets ($000)143,400
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesM.A. Schapiro & Co. Inc.

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerNANA

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