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Community Bank System
-4.81%
Financial services / Bank
At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebCommunity Bank System, Inc. (CBU) is a publicly traded financial services company headquartered in DeWitt, New York. It is the parent company of Community Bank, N.A. and Benefit Plans Administrative Services, Inc. CBNA has over 235 branches across Upstate New York, northeast Pennsylvania, Vermont, and Massachusetts.
The company was founded in 1866 as The Savings Bank of Onondaga County and changed its name to Community Bank System, Inc. in 1989. Since then, it has grown through a series of strategic acquisitions, expanding its presence in the northeast region.
CBU offers a wide range of financial services, including banking, insurance, investment management, and trust services. It serves both individuals and businesses, with a focus on providing personalized, community-based services.
Community Bank System has been recognized for its strong financial performance, consistently earning high rankings in industry publications. It is committed to giving back to the communities it serves through charitable donations and volunteer efforts.
In addition to its financial services, CBU is also known for its commitment to sustainability and environmental responsibility. The company has implemented numerous initiatives to reduce its carbon footprint and has been recognized for its efforts in reducing paper consumption and increasing energy efficiency.
Overall, Community Bank System is a reputable and well-respected company that is dedicated to serving its customers, employees, and communities.
Community Bank System is a regional bank holding company headquartered in upstate New York. The company operates over 240 branches across four states, making it one of the largest community banks in the Northeast.
One standout characteristic of the company is its commitment to local communities. Community Bank System prides itself on being a community bank and focuses on building relationships with customers, businesses, and organizations in the regions it serves. This is reflected in their slogan, "Where banking is still a people business."
Another unique aspect of the company is its strong financial performance and stability. Community Bank System has consistently posted strong earnings and has been able to weather economic downturns. This is due in part to its conservative lending practices and diversified business model.
Additionally, Community Bank System has a strong corporate culture that emphasizes employee development and community involvement. The company has been recognized for its workplace culture, receiving awards such as the "Best Companies to Work For" by Forbes and "Top Workplaces" by The Washington Post.
Overall, Community Bank System stands out for its strong commitment to local communities, financial stability, and positive workplace culture.
The Community Bank System company's business model is centered around providing local, personalized banking services to communities and businesses in its market areas. This includes offering various financial products and services such as checking and savings accounts, loans, mortgages, investment options, and insurance. The company operates through a network of community banks that are locally operated and managed. Its business model focuses on building strong relationships with customers, understanding their individual needs, and providing personalized solutions. This allows the company to foster long-term customer loyalty and maintain a strong presence in the communities it serves. Additionally, the company aims to achieve sustainable growth and profitability by focusing on operational efficiency, prudent risk management, and strategic acquisitions.
1. Community Bank System (CBSI) was founded in 1983 and is headquartered in Syracuse, New York.
2. The company operates a network of over 230 community banking offices in Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts.
3. CBSI provides a wide range of banking and financial services, including personal and business banking, loans, and investment services.
4. The bank has been recognized as one of the best companies to work for in New York for four consecutive years by the Best Companies to Work for in New York program.
5. CBSI has been named one of the top performing banks in the nation by American Banker magazine for the past eight years.
6. In 2020, CBSI was listed as #5 on Forbes’ list of America’s Best Banks, based on financial metrics such as growth, credit quality, and profitability.
7. The company has a strong commitment to giving back to its local communities through various philanthropic initiatives, including its Community Strategy program, which supports education, health and wellness, and community development.
8. CBSI has made several acquisitions over the years, including the 2015 acquisition of Oneida Financial Corp., which expanded its presence in Central New York.
9. In 2019, CBSI announced a partnership with the American Red Cross to provide financial education and disaster relief services to communities in need.
10. The company’s stock is listed on the New York Stock Exchange under the ticker symbol CBU and is included in the S&P SmallCap 600 index.
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