Community Bank System, Inc. (CBU)

53.26 +1.44 (+2.78%) At close: 04:00PM EDT

Community Bank System, Inc.

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

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Mark E. Tryniski	CEO, Pres & Director	1.65M	680.84k	1960
Mr. Joseph E. Sutaris	Exec. VP, CFO & Treasurer	677.02k	157.98k	1967
Mr. Dimitar A. Karaivanov	Exec. VP & COO	610.43k	N/A	1982
Mr. Joseph Jonathon Lemchak	Sr. VP & Chief Investment Officer	N/A	N/A	1962
Mr. Aaron Friot	Sr. VP, Chief Technology & Operations Officer	N/A	N/A	N/A
Dorothy Quarltere	Chief Compliance Officer	N/A	N/A	N/A
Mr. Michael N. Abdo	Exec. VP & Gen. Counsel	N/A	N/A	N/A
Ms. Maureen A. Gillan-Myer	Exec. VP & Chief HR Officer	N/A	N/A	1968
Mr. Paul J. Ward	Sr. VP & Chief Risk Officer	N/A	N/A	N/A
Mr. Jeffrey M. Levy	Sr. VP & Pres of Commercial Banking	N/A	N/A	1962

Amounts are as of 31 December 2021, and compensation values are for the last fiscal year ending on that date. Pay includes 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 24, 2022, it operated approximately 215 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. Community Bank System, Inc. was founded in 1866 and is headquartered in DeWitt, New York.

Corporate governance

Community Bank System, Inc.’s ISS governance QualityScore as of 1 February 2023 is 4. The pillar scores are Audit: 5; Board: 2; Shareholder rights: 6; Compensation: 5.

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 10 indicates higher governance risk.