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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: 15 Branches
Deal Type: Bank & Thrift Branch
Seller: Chase Manhattan Corporation (The)
Agreement Date12/7/1994
Announcement Date12/7/1994
Number of Target Branches15
Branch Locations Boonville
Hammondsport, NY
Geneva, NY
New Hartford
Canton, NY
Pulaski, NY
Penn Yan, NY
Newark (2), NY
Watertown (2)
Seneca Falls, NY

Franchise Premium ($000)32,175
Tangible Book Premium/ Deposits (%)8.25
Completion Date7/17/1995

 Deal Terms
Description of Consideration
Deposits ($000)390,000
Total Assets ($000)357,825
 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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