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Community Financial System, Inc. (CBU)

NYSE - NYSE Delayed Price. Currency in USD
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52.08+0.79 (+1.54%)
At close: 04:00PM EDT
52.22 +0.14 (+0.27%)
Pre-Market: 08:01AM EDT

Community Financial System, Inc.

5790 Widewaters Parkway
Dewitt, NY 13214-1883
United States
315 445 2282
https://communityfinancialsystem.com

Sector(s)Financial Services
IndustryBanks - Regional
Full Time Employees2,687

Key Executives

NameTitlePayExercisedYear Born
Mr. Dimitar A. KaraivanovPresident, CEO & Director759.16kN/A1982
Mr. Joseph E. SutarisExecutive VP, CFO & Treasurer669.53kN/A1967
Ms. Maureen A. Gillan-MyerExecutive VP & Chief Human Resources Officer576.81kN/A1968
Mr. Jeffrey M. LevySenior VP & Chief Banking Officer560.05kN/A1962
Mr. Aaron FriotSenior VP, Chief Technology & Operations OfficerN/AN/AN/A
Dorothy QuarltereChief Compliance OfficerN/AN/AN/A
Mr. Michael N. AbdoExecutive VP & General CounselN/AN/A1978
Mr. Daniel L. BaileySenior VP & Chief Risk OfficerN/AN/AN/A
Mr. Michael T. CerminaroPresident & CEO of Wealth Management DivisionN/AN/AN/A
Danielle M. CimaCorporate Secretary & Associate General CounselN/AN/AN/A
Amounts are as of December 31, 2023 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Community Financial System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits. It also provides loans, including consumer mortgages; general purpose commercial and industrial loans, and mortgages on commercial properties; paycheck protection program loans; installment loans that are originated through selected dealerships and are secured by automobiles, marine, and other recreational vehicles; personal installment loans and check credit lines of credit for consumers; and home equity products. In addition, the company offers broker-dealer and investment advisory; cash management, investment, and treasury services; asset management services; and employee benefit services, as well as operates as a full-service insurance agency that provides personal and commercial lines of insurance, and other risk management products and services. Further, it offers contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration and benefit consulting, fund administration, transfer agency, actuarial and benefit consulting, and health and welfare consulting services; and act as an investor in residential and commercial real estate activities. Additionally, the company offers wealth management, retirement planning, higher educational planning, fiduciary, risk management, trust, and personal financial planning services; and investment alternatives, including stocks, bonds, mutual funds, and insurance and advisory products, as well as master recordkeeping services. Community Financial System, Inc. was founded in 1866 and is headquartered in Dewitt, New York.

Corporate Governance

Community Financial System, Inc.’s ISS Governance QualityScore as of July 1, 2024 is 3. The pillar scores are Audit: 4; Board: 1; Shareholder Rights: 6; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.