Community Bank System News

Community Bank System said it will try to raise $45.6 million in new capital to support its pending purchase of 18 Northern New York offices from RBS Citizens Financial Group.

Several Central New York-headquartered banks' stocks benefited Friday from the U.S. Securities and Exchange Commission's new emergency rule temporarily prohibiting the short selling of nearly 800 U.S. financial ...

Community Bank System, which operates 33 branches and a money management company in Western New York, is planning to sell 1.7 million shares of common stock to raise capital for its pending acquisition of 18 ...

Washington Mutual, ravaged by losses from sour mortgages, replaced Kerry Kil linger as chief executive of the nation's largest savings and loan Monday, adding him to the growing list of banking bosses ousted by ...

The government bailout of Fannie Mae and Freddie Mac is expected to hurt M&T Bank, Beacon Federal Bancorp Inc., JP Morgan Chase and some other regional banks that own the mortgage companies' preferred stock.

First Community Bank in Elgin, celebrating its 15th anniversary this year, recently received a Five-Star "Superior" rating by BauerFinancial, an independent firm that rates banks and credit unions.

RBS CEO FRED GOODWIN called the parent company's loss "unsatisfactory," Bloomberg said.

Community Bank System Inc . Wednesday reported net income of $11.3 million for the second quarter of 2008, or 37 cents per share.

Payments Information Circle will present the webinar "Documenting and Auditing Your Risk Management Plan for Remote Deposit Capture: The Community Bank Perspective" on Tuesday, August 5, 2008 at 2:00pm EDT with ...

Community Bank System Inc . Wednesday reported net income of $11.3 million for the second quarter of 2008, or 37 cents per share.

These may not be the happiest of times for the financial sector, but M&A activity continues to show signs of life.

Citizens Financial Group Inc. said a deal announced last week to sell 18 branches in northern New York state to Community Bank System Inc.

From Albany: Citizens Bank today said it will sell its network of 18 branches in the Adirondacks and will focus instead on growth in the New York City area.

Community Bank has acquired 18 Citizens Bank locations in northern New York. Community Bank System Inc.

Citizens Bank is selling 18 of its branches in upstate New York as it prepares to open 57 branches downstate.

Community Bank System, Inc. announced that its shareholders approved the election of three directors to serve three year terms during the company's annual meeting.

“The first quarter was a good one for us that met our expectations”

'based bank earned $10.9 million, or 36 cents a share, in the period, up 12 percent from $9.7 million, or 32 cents a share, a year ago. via The Central New York Business Journal

“Our company continued to produce quality results in spite of the challenging business environment which has affected a large segment of our industry”

A pair of regional community banks posted higher first-quarter earnings, driven by loan growth, higher profit margins, and improved credit quality. via Buffalo News

“The problem is you don't know if they were because of Hannaford. We have losses every month”

Three weeks after the Hannaford Bros. supermarket chain reported a massive theft of debit and credit card account numbers, north country financial institutions are continuing to deal with the fallout. via Watertown Daily Times

“I think this will kick off pretty well.”

Edward Waltz is tired of seeing and hearing about local youths causing property damage. via Jacksonville Daily News