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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
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
Completion Date7/18/1997

 Deal Terms
Description of Consideration
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

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