Tranche Update on Community Bank System, Inc.'s Equity Buyback Plan announced on December 19, 2022.
January 23, 2024 at 09:34 am EST
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From October 1, 2023 to December 31, 2023, the company has repurchased 107,161 shares, representing 0.2% for $4.34 million. With this, the company has completed the repurchase of 607,161 shares, representing 1.13% for $29.65 million under the buyback announced on December 19, 2022.
Community Bank System, Inc. is a financial holding company. The Company operates as a diversified financial services enterprise providing an array of banking and other financial services to retail, commercial, institutional and municipal customers. It owns two subsidiaries: Community Bank, N.A. and Benefit Plans Administrative Services, Inc. (BPAS). Its segments include Banking, Employee Benefit Services and All Other. The Banking segment provides an array of lending and depository-related products and services to individuals, businesses and governmental units. The Banking segment provides treasury management solutions and payment processing services. Its Employee Benefit Services segment comprises BPAS and its subsidiaries, provides collective investment fund, retirement plan and health savings account administration, fund administration, transfer agency, actuarial, and health and welfare consulting services. The All Other segment comprises wealth management and insurance services.
COMMUNITY BANK SYSTEM, INC. 
