Community Bank, NA completes acquisition of Elmira Savings Bank
Vermont Business Magazine Community Bank System, Inc (NYSE: CBU), the parent company of Community Bank, NA, with branches across Vermont, announced today that Community Bank completed its merger with Elmira Savings Bank, a New York state chartered savings bank (NASDAQ-CM: ESBK) on May 13, 2022. Community Bank acquired Elmira in an all cash transaction representing total consideration valued at approximately $82.8 million. The merger added eight branch locations across a five-county area in the Central New York and Southern Tier markets. With completion of the merger, Community Bank System has over $16.2 billion in assets and over $13.8 billion in deposits.