Community Bank, N.A. Completes Acquisition of Seven Former Santander Bank, N.A.

Core Points - Community Financial System, Inc. has completed the acquisition of seven former Santander Bank branches in the Allentown, Pennsylvania area, adding approximately $553.0 million in customer deposit accounts [1][2] - This acquisition enhances the company's service capabilities for consumer, business banking, and private banking clients in the Greater Lehigh Valley, while also expanding its customer base [1][2] - Following this acquisition, Community Bank will operate a total of 12 retail locations in the Greater Lehigh Valley, securing a Top 5 market position in the area [2] Company Overview - Community Financial System, Inc. is a diversified financial services company focused on banking services, employee benefit services, insurance services, and wealth management services [3] - The banking subsidiary, Community Bank, N.A., is among the top 100 largest banking institutions in the U.S., with over $16 billion in assets and approximately 200 customer facilities across several states [3] - The company is publicly traded on the New York Stock Exchange under the symbol CBU [3]