DeWitt, New York – Community Financial System has announced the acquisition of ClearPoint Federal Bank & Trust (https://clearpointfederal.com/). According to the company announcement Community Financial System, Inc. (NYSE: CBU) is a diversified financial services company with a strategic focus on four primary business lines: banking services, employee benefit services, insurance services, and wealth management services. Its banking subsidiary, Community Bank, N.A., is a significant institution, ranking among the country’s 100 largest banks with over $16 billion in assets and operating approximately 200 customer facilities across several Northeastern states. The company also boasts a leading position in employee benefits administration through its Benefit Plans Administrative Services, Inc. subsidiary, which provides national services including trust and collective investment fund administration. Furthermore, its OneGroup NY, Inc. subsidiary is recognized as a top 68 U.S. insurance agency, demonstrating a strong market presence in the insurance sector. Community Financial System recently expanded its wealth management offerings significantly with the acquisition of ClearPoint Federal Bank & Trust, a national leader in trust administration for the death care industry, further solidifying its comprehensive financial planning and wealth management capabilities through its Nottingham Financial Group.

To learn more about Community Financial System, visit https://communityfinancialsystem.com/
Company LinkedIn Page: https://www.linkedin.com/company/community-financial-system-inc-cbu/

Company Contact:

Community Financial System
5790 Widewaters Parkway
DeWitt, NY 13214
315-299-2946

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