Company Description
Community Financial System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers.
It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.
It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and check credit lines of credit for consumers; and home equity products.
In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management services; and employee benefit services, as well as operates as a full-service insurance agency that provides personal and commercial lines of insurance, and other risk management products and services.
Further, it offers contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration and benefit consulting, fund administration, transfer agency, actuarial and benefit consulting, and health and welfare consulting services; and act as an investor in residential and commercial real estate activities.
Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and insurance and advisory products, as well as master recordkeeping services.
Community Financial System, Inc. was founded in 1866 and is headquartered in Dewitt, New York.
| Country | United States |
| Founded | 1866 |
| Industry | Banks - Regional |
| Sector | Financials |
| Employees | 2,918 |
| CEO | Dimitar Karaivanov |
Contact Details
Address: 5790 Widewaters Parkway Dewitt, New York 13214-1883 United States | |
| Phone | 315 445 2282 |
| Website | communityfinancialsystem.com |
Stock Details
| Ticker Symbol | CBU |
| Exchange | NYSE |
| Stock Type | Common Stock |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| CIK Code | 0000723188 |
| CUSIP Number | 203607106 |
| ISIN Number | US2036071064 |
| Employer ID | 16-1213679 |
| SIC Code | 6021 |
Key Executives
| Name | Position |
|---|---|
| Michael T. Cerminaro | President and Chief Executive Officer of Wealth Management Division |
| Dimitar A. Karaivanov | President, Chief Executive Officer and Director |
| Joseph E. Sutaris | Executive Vice President, Chief Financial Officer and Treasurer |
| Maureen A. Gillan-Myer | Executive Vice President and Chief Human Resources Officer and Administration officer |
| Jeffrey M. Levy | Senior Vice President and Chief Banking Officer |
| Aaron Friot | Senior Vice President, Chief Technology and Operations Officer |
| Deresa F. Durkee | Senior Vice President and Chief Accounting Officer |
| Dorothy Quarltere | Chief Compliance Officer |
| Michael N. Abdo | Executive Vice President and General Counsel |
| Daniel L. Bailey | Senior Vice President and Chief Risk Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Mar 28, 2025 | ARS | Filing |
| Mar 28, 2025 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Mar 28, 2025 | DEF 14A | Other definitive proxy statements |
| Mar 11, 2025 | 8-K | Current Report |
| Feb 28, 2025 | 10-K | Annual Report |
| Feb 14, 2025 | 8-K | Current Report |
| Jan 22, 2025 | 144 | Filing |
| Jan 21, 2025 | 8-K | Current Report |
| Dec 19, 2024 | 8-K | Current Report |
| Nov 25, 2024 | 144 | Filing |