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Community Bank System, Inc. (CBU)

NYSE - Nasdaq Real Time Price. Currency in USD
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74.13+0.54 (+0.73%)
At close: 4:00PM EST

Community Bank System, Inc.

5790 Widewaters Parkway
DeWitt
Onondaga, NY 13214-1883
United States
315-445-2282
http://cbna.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees2,807

Key Executives

NameTitlePayExercisedYear Born
Mr. Mark E. TryniskiCEO, Pres & Director1.38MN/A1960
Mr. Joseph E. SutarisExec. VP, CFO & Treasurer597.02kN/A1967
Mr. Joseph Jonathon LemchakSr. VP & Chief Investment Officer379.83k132.13k1962
Mr. George J. GetmanExec. VP & Gen. Counsel609.17k244.31k1957
Mr. Joseph F. SerbunExec. VP & Chief Banking Officer629.23kN/A1961
Mr. Aaron FriotSr. VP & CTON/AN/AN/A
Ms. Susan S. FoxSr. VP & Chief Information OfficerN/AN/AN/A
Dorothy QuarltereChief Compliance OfficerN/AN/AN/A
Mr. Harold M. WentworthSr. VP of Retail Banking, Marketing & SalesN/AN/A1965
Mr. Dimitar A. KaraivanovExec. VP of Financial Services & Corp. Devel.N/AN/AN/A
Amounts are as of December 31, 2020 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 Bank System, Inc. operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as 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 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; and employee benefit services, as well as operates as a full-service insurance agency that offers personal and commercial lines of insurance, and other risk management products and services. Further, it provides contribution plan administration, employee benefit trust, collective investment fund, retirement plan administration, fund administration, transfer agency, actuarial and benefit consulting, VEBA/HRA, and health and welfare consulting services. 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 advisory products, as well as master recordkeeping services. As of January 25, 2021, it operates approximately 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in Onondaga, New York.

Corporate Governance

Community Bank System, Inc.’s ISS Governance QualityScore as of September 26, 2021 is 3. The pillar scores are Audit: 3; Board: 1; Shareholder Rights: 5; 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.