Community Bank System, Inc. Announces Quarterly Common Stock Dividend

  Community Bank System, Inc. Announces Quarterly Common Stock Dividend

Business Wire

SYRACUSE, N.Y. -- February 25, 2014

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 April 10, 2014 to shareholders of record as of March 14,
2014. The $0.28 cash dividend represents an annualized yield of 3.2% based on
the closing share price of $ 35.03 on February 24, 2014.

Headquartered in DeWitt, N.Y., Community Bank System, Inc. has more than $7.0
billion in assets and over 190 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. These statements are based on the current beliefs and
expectations of CBU’s management and CBU does not assume any duty to update
forward-looking statements.

Contact:

Community Bank System, Inc.
Scott A. Kingsley, 315-445-3121
EVP & Chief Financial Officer
 
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