Community Bank, N.A.

Community Bank System, Inc. Announces Its Quarterly Dividend

Retrieved on: 
Wednesday, February 14, 2024
Finance, Banking, Professional Services, Asset Management, Insurance, Community Bank, N.A., Acquisition, Community Bank, CBU, Legislation, Security (finance), Upstate New York

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.
  • The $0.45 cash dividend represents an annualized yield of 4.16% based on the closing share price of $43.25 on February 13, 2024.
  • Community Bank System, Inc. is a diversified financial services company with total assets of $15.6 billion focused on four main business lines – banking, benefits administration, insurance services and wealth management.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

NBT Bancorp Inc. Announces CEO Succession Plan

Retrieved on: 
Monday, January 22, 2024
Clarkson University, NBT Bank, Burns, State university system, PwC, LLP, Accounting, NBT, Certified Public Accountant, St. Bonaventure University, Retail banking, Acquisition, Carlisle Companies, MetLife, Community Bank, N.A., Stagliano, Management

Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.

Key Points: 
  • Watt was appointed President and Chief Executive Officer of NBT and NBT Bank, N.A.
  • “I am deeply grateful for the opportunity to lead NBT and to work with the team I truly believe is the best in community banking,” said Watt.
  • NBT Bancorp Inc. is a financial holding company headquartered in Norwich, NY, with total assets of $13.83 billion at September 30, 2023.
  • More information about NBT and its divisions is available online at: www.nbtbancorp.com , www.nbtbank.com , www.epicrps.com and www.nbtinsurance.com .

Community Bank System, Inc. Reports Fourth Quarter And Full Year 2023 Results

Retrieved on: 
Tuesday, January 23, 2024
Finance, Banking, Professional Services, Asset Management, Insurance, Multimedia, Internet, Community Bank, N.A., CBU, Video game

Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported fourth quarter and full year 2023 results that are included in the attached supplement.

Key Points: 
  • Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported fourth quarter and full year 2023 results that are included in the attached supplement.
  • This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communitybanksystem.com/news-presentations/press-releases/ .
  • An archived webcast of the earnings call will be available on this site for one full year.
  • The conference call can be accessed at 1-833-630-0464 (1-412-317-1809 if outside the United States and Canada).

Community Bank System, Inc. Elects Michele Sullivan as New Independent Director

Retrieved on: 
Friday, January 19, 2024
Banking, Professional Services, Finance, CBU, Corporate governance, Woman, Risk, CPA, Risk management, CRMA, Community Bank, Retirement, Management, Community Bank, N.A., Audit

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced today the election of Michele Sullivan to its Board of Directors (the “Board”) as a new independent director, effective as of February 1, 2024.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced today the election of Michele Sullivan to its Board of Directors (the “Board”) as a new independent director, effective as of February 1, 2024.
  • Ms. Sullivan is a certified public accountant (CPA) and a certified risk management professional (CRMA).
  • Ms. Sullivan was also appointed to the Board of Directors of Community Bank, N.A., the Company’s wholly-owned banking subsidiary.
  • “We are pleased to welcome Michele Sullivan as a new independent director to the Board of Directors of Community Bank System, Inc. and Community Bank, N.A.,” said Eric E. Stickels, Chair of the Board of Directors.

Community Bank System, Inc. Announces Its Quarterly Dividend

Retrieved on: 
Wednesday, November 15, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Banking, Personal Finance, Community Bank, Acquisition, NYSE, Security (finance), Indian Administrative Service, Community Bank, N.A., CBU, Legislation, Upstate New York

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.

Key Points: 
  • Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.45 per share on its common stock.
  • The $0.45 cash dividend represents an annualized yield of 4.01% based on the closing share price of $44.87 on November 14, 2023.
  • Community Bank System, Inc. is a diversified financial services company with total assets of $15.4 billion focused on four main business lines – banking, benefits administration, insurance services and wealth management.
  • Community Bank System, Inc. is listed on the New York Stock Exchange and the Company’s stock trades under the symbol CBU.

First Citizens Announces Expanded Commitment to Communities in Northern California and Eastern Massachusetts

Retrieved on: 
Tuesday, November 14, 2023
FCB, Acquisition, Federal Deposit Insurance Corporation, Organization, Bank, Investment, Silicon, NCRC, Community, LMI, MAHA, Small business, Community Reinvestment Act, City, Health, Citizenship, Volksgemeinschaft, FDIC, Greenlining Institute, Quality of life, Commonwealth, SVB, First Citizens BancShares, CRA, Community Bank, N.A., Financial services, Real estate, Silicon Valley Bank, Boston

RALEIGH, N.C., Nov. 14, 2023 /PRNewswire/ -- First Citizens Bank today announced an amendment to its existing Community Benefits Plan agreement with the National Community Reinvestment Coalition (NCRC) and its members that extends the bank's longstanding community support to Northern California and Massachusetts following its March acquisition of Silicon Valley Bank.

Key Points: 
  • This new First Citizens commitment also comes in addition to the $16 billion Community Benefits Plan that First Citizens announced in February 2021.
  • "Silicon Valley Bank was an important component of the California economy and is now continuing to support the economy as a division of First Citizens Bank.
  • Now it's about implementation – and we look forward to working with First Citizens to ensure these investments reach communities of color."
  • Now operating as a division of First Citizens Bank, Silicon Valley Bank has resumed serving some of the world's most innovative companies and investors.

Community Bank System, Inc. Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, October 24, 2023
Banking, Professional Services, Insurance, Finance, Insurance Services Office, Community Bank, N.A., Internet, NYSE, CBU, Multimedia

Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported third quarter 2023 results that are included in the attached supplement.

Key Points: 
  • Community Bank System, Inc. (the “Company”) (NYSE: CBU) reported third quarter 2023 results that are included in the attached supplement.
  • This earnings release, including supporting financial tables, is also available within the press releases section of the Company's investor relations website at: https://ir.communitybanksystem.com/news-presentations/press-releases/ .
  • An archived webcast of the earnings call will be available on this site for one full year.
  • The conference call can be accessed at 1-833-630-0464 (1-412-317-1809 if outside the United States and Canada).

Fusion Connect Announces New Debt Financing, Strengthening its Financial Foundation and Fostering Growth

Retrieved on: 
Wednesday, September 27, 2023
Cloud, Acceleration, Community Bank, N.A., Communication, PNC Financial Services, TMT, Microsoft, Organization, MCSP, CFO, Growth, AI, CSP, Bank, 3D printing, Renewable energy

ATLANTA, Sept. 27, 2023 /PRNewswire/ -- Fusion Connect, a leading global managed communications service provider (MCSP) and Microsoft Cloud Solution provider (CSP), has announced its debt refinancing with PNC Business Credit, a division of PNC Bank, N.A. This new financing replaces all the company's existing debt obligations at par, with more favorable financial terms going forward. It strengthens Fusion Connect's financial position and equips the company with a robust foundation for driving its next phase of growth and technological innovation in delivering Microsoft services and solutions.

Key Points: 
  • This new financing replaces all the company's existing debt obligations at par, with more favorable financial terms going forward.
  • It strengthens Fusion Connect's financial position and equips the company with a robust foundation for driving its next phase of growth and technological innovation in delivering Microsoft services and solutions.
  • Fusion Connect is pioneering the future of communications with its advanced Microsoft Teams Calling Services.
  • Reduced Interest Burden: By optimizing its debt structure, Fusion Connect will significantly decrease its interest-related expenses, resulting in improved profitability and cash flow.

SpartanNash Refreshes Board with Appointment of New Independent Director

Retrieved on: 
Wednesday, August 23, 2023
Risk, Macpherson, University, Marketing, Audit committee, Community Bank, N.A., Chartered, Trust, SPTN, SpartanNash, Business administration, Commerce, Ernst, Power, Growth, Woman, Female, Ernst & Young, Audit, Management

GRAND RAPIDS, Mich. , Aug. 23, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the appointment of Kerrie D. MacPherson to the Board of Directors (the "Board"), effective immediately. As an independent director, MacPherson will serve on the Audit Committee.

Key Points: 
  • GRAND RAPIDS, Mich. , Aug. 23, 2023 /PRNewswire/ -- Food solutions company SpartanNash (the "Company") (Nasdaq: SPTN) today announced the appointment of Kerrie D. MacPherson to the Board of Directors (the "Board"), effective immediately.
  • As an independent director, MacPherson will serve on the Audit Committee.
  • "We are proud to welcome such an accomplished leader as Kerrie to the SpartanNash Board.
  • SpartanNash last refreshed its Board in 2022 with the addition of three independent directors who replaced three directors who did not seek reelection.

Amplify Energy Announces Closing of New Revolving Credit Facility

Retrieved on: 
Tuesday, August 1, 2023
KeyBank, Maintenance, SOFR, Community Bank, N.A., Cadence Bank, Mississaugas of the Credit First Nation, Citizens Bank, Credit, Hand, NYSE, Security (finance)

HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced the closing of a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets Inc., Cadence Bank, N.A.

Key Points: 
  • HOUSTON, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) today announced the closing of a new senior secured reserve-based revolving credit facility with Keybanc Capital Markets Inc., Cadence Bank, N.A.
  • as joint lead arrangers and KeyBank National Association as the administrative agent (the "New Credit Facility").
  • The New Credit Facility replaces in full the Company’s existing senior secured reserve-based revolving credit facility.
  • After closing the New Credit Facility on July 31, 2023, Amplify had total net debt of $113 million, with $120 million outstanding under its revolving credit facility and $7 million of cash on hand, and Amplify’s liquidity was $22 million.