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Community Bank, N.A. Completes Acquisition of Eight Former Bank of America Branches in Northeast Pennsylvania

  Community Bank, N.A. Completes Acquisition of Eight Former Bank of America
  Branches in Northeast Pennsylvania

Business Wire

SYRACUSE, N.Y. -- December 16, 2013

Community Bank System, Inc. (NYSE:CBU) through its wholly-owned banking
subsidiary, Community Bank, N.A. is pleased to announce its acquisition of
eight branch-banking locations across its Northeast Pennsylvania markets from
Bank of America, N.A. Five of the acquired branches are located in Luzerne
County, one is located in Lackawanna County and two are located in Carbon
County.

The acquisition, which adds over $310 million in customer deposit accounts,
strengthens the Company’s ability to provide exceptional service to consumer,
business banking and private banking clients in Northeastern Pennsylvania
while growing its presence and acquiring new customers.

Community Bank has provided information to customers regarding the transition
of these locations and their accounts over the past several months. Customers
with further questions can contact any Community Bank branch office or call
1-800-388-4679.

“We are delighted to welcome the employees and customers of these eight
branch-banking centers to Community Bank, N.A.,” said Mark Tryniski, Community
Bank’s CEO. “We have worked very hard to make the transition as simple as
possible for customers and we are pleased to continue serving them and the
community with the same team of professionals they have come to know and
trust.”

Headquartered in DeWitt, New York, 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.

This press release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The following factors,
among others, could cause the actual results of CBU’s operations to differ
materially from CBU’s expectations: the successful integration of operations
of its acquisitions; competition; changes in economic conditions, interest
rates and financial markets; and changes in legislation or regulatory
requirements. CBU does not assume any duty to update forward-looking
statements.

Contact:

Community Bank System, Inc.
Scott A. Kingsley, 315-445-3121
E.V.P. and Chief Financial Officer
Fax: 315-445-7347
 
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