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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: 8 Branches
Deal Type: Bank & Thrift Branch
Seller: KeyCorp
Agreement Date2/11/1997
Announcement Date2/11/1997
Number of Target Branches8
Branch Locations Alfred
Cuba, NY
Cassadaga, NY
Clymer, NY
Gowanda, NY
Ripley, NY
Sherman, NY
Wellsville, NY

Franchise Premium ($000)12,600
Tangible Book Premium/ Deposits (%)8.41
StatusCompleted
Completion Date6/16/1997

 Deal Terms
Description of Consideration
NA
 Financials
Deposits ($000)149,900
Total Assets ($000)137,300
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesM.A. Schapiro & Co. Inc.

 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerNANA
SellerYesThompson Hine LLP

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