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]

Group 1 - JPMorgan Chase is exploring acquisition opportunities in banks located in Europe and Latin America [1]

HSBC said today it planned to privatise Hong Kong's Hang Seng Bank in a deal worth HK$106.1 billion ($13.63 billion) after its majority-held subsidiary has come under fire for its performance and exposure to faltering property markets in the city and mainland China.HSBC will offer HK$155 per share for the 36.5% of shares it does not already own, giving Hang Seng Bank a total valuation of $37 billion.Hang Seng Bank shares surged to as high as HK$168 in early trading before retreating to HK$150.3 by midday, u ...