USX:CBU - Community Bank System Inc Community Bank System Inc
Sector: Financials, Industry: Regional Banks
Next Earnings: 25 Oct 2021
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USD 65.53    -0.200 (-0.30%)
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21 Sep 2021


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General

CEO: Mr. Mark E. Tryniski

IPO: 1985-11-27

Headquarters: US

Employees: 2,807

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Description

Community Bank System Inc is a financial holding company. The company primarily operates through two wholly-owned subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services. Community Bank's business is operating a community bank providing a broad array of banking and financial services. These are offered chiefly to retail, commercial, and municipal customers in nonmetropolitan markets, including small towns in upstate New York and Northeastern Pennsylvania. The company has historically relied on acquisitions to fuel growth, in addition to growing organically. A majority of its loan portfolio is tilted toward the consumer market on an installment, line of credit, or residential mortgage loan basis. The majority of the company's net revenue is net interest income.