Community Bank System (US:CBU) — Company Overview, News & Financial Data
Community Bank System offers diversified financial services, focusing on community development in Upstate New York.
Community Bank System
Community Bank System (NYSE:CBU) operates as a diversified financial services company offering a range of services including banking, employee benefit services, and wealth management, catering to the needs of individuals, businesses, and governmental entities primarily in Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Beyond its comprehensive financial solutions, the company is dedicated to community development and customer satisfaction, consistently striving to improve and expand its offerings. Community Bank System's objective revolves around sustainable growth, operational excellence, and enhancing shareholder value while maintaining a strong commitment to its communities.
Snapshot
Operations
Products and/or services of Community Bank System
- Retail and commercial banking services, including loans and deposit accounts for individuals and businesses.
- Wealth management services, offering financial planning, investment, and advisory services to clients.
- Employee Benefits services, providing group insurance, retirement, and investment products for employers.
- Insurance brokerage services, offering personal and business insurance solutions through subsidiaries.
- Indirect lending, including providing loans through third-party dealerships for vehicles and recreational equipment.
- Cash management services for businesses, including online banking, payroll, and merchant services.
Community Bank System executive team
- Mr. Dimitar A. KaraivanovPresident, CEO & Director
- Ms. Maureen A. Gillan-MyerExecutive VP & Chief Human Resources Officer and Administration officer
- Mr. Michael N. AbdoExecutive VP & General Counsel
- Mr. Jeffrey M. LevySenior VP & Chief Banking Officer
- Ms. Marya Burgio WlosExecutive VP & CFO
- Mr. Aaron FriotSenior VP, Chief Technology & Operations Officer
- Ms. Deresa F. DurkeeSenior VP & Chief Accounting Officer
- Dorothy QuarltereChief Compliance Officer
- Mr. Daniel L. BaileySenior VP & Chief Risk Officer
- Mr. Michael Thomas CerminaroPresident & CEO of Wealth Management Division