Bank completes local acquisition

NORTH CREEK Over the weekend, four former Citizens Bank locations, one each in Indian Lake, Long Lake, Newcomb and North Creek, were transformed into Community Bank, N.A. locations. The acquisition of the full-service banking facilities in Northern New York was announced in June 2008. The four branches are part of Community Banks recent 18 branch acquisition from Citizens Financial Group, Inc. in the North Country. The addition of the Long Lake, Indian Lake, and North Creek branches mark Community Bank's first entrance into Hamilton, and Warren counties. The acquisition brings the regional total for customer facilities for Community Bank System, Inc. to 55. Overall, the company operates approximately 160 customer centers throughout Northern and Western New York and Northeastern Pennsylvania. Through the acquisition, Community Bank will acquire approximately $115 million in loans and $600 million in deposits.

Vote on this Story by clicking on the Icon


Use the comment form below to begin a discussion about this content.

Sign in to comment