Community Bank System, Inc. Announces Regulatory Approvals Received For Elmira Savings Bank Merger

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Apr 22, 2022

Community Bank System, Inc. (NYSE: CBU) (the “Company”) announced that it has received regulatory approvals from the Office of the Comptroller of the Currency and a waiver from filing an application with the Federal Reserve Bank of New York for the proposed merger of Elmira Savings Bank with and into Community Bank, N.A., the Company’s wholly-owned banking subsidiary (the “Merger”). The Merger is expected to close on May 13, 2022, subject to customary closing conditions and approval from the New York State Department of Financial Services.