Community Bank System, Inc. Announces Quarterly Common Stock Dividend

  Community Bank System, Inc. Announces Quarterly Common Stock Dividend

Business Wire

SYRACUSE, N.Y. -- November 25, 2013

Community Bank System, Inc. (NYSE: CBU) announced that it has declared a
quarterly cash dividend of $0.28 per share on its’ common stock. The dividend
will be payable on January 10, 2014 to shareholders of record as of December
16, 2013. The $0.28 cash dividend represents an annualized yield of 3.0% based
on the closing share price of $37.89 on November 22, 2013.

Headquartered in DeWitt, N.Y., Community Bank System, Inc. has $7.3 billion in
assets and over 180 customer facilities. The Company’s banking subsidiary,
Community Bank, N.A. operates across Upstate New York and Northeastern
Pennsylvania. Its other subsidiaries include: Benefit Plans Administrative
Services, Inc., a national employee benefits consulting and trust
administration firm; the CBNA Insurance Agency, with offices in five northern
New York communities; Community Investment Services, Inc., a wealth management
firm delivering a wide range of financial products throughout the Company's
branch network; and Nottingham Advisors, an investment management and advisory
firm. For more information, visit: www.communitybankna.com.

Contact:

Community Bank System, Inc.
Scott A. Kingsley, 315-445-3121
E.V.P. and Chief Financial Officer
 
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