| Business Summary | | Community
Bank
System,
Inc.
is
the
holding
company
of
Community
Bank,
N.A.
based
in
DeWitt,
New
York.
The
Bank
is
the
second
largest
commercial
banking
franchise
headquartered
in
Upstate
New
York,
having
89
customer
facilities
and
70
ATMs.
The
Bank
offers
a
range
of
commercial
and
retail
banking
services
in
each
of
its
market
areas
to
business,
individual,
agricultural
and
government
customers.
The
Bank's
account
services
include
checking
accounts,
interest-checking
accounts,
money
market
accounts,
savings
accounts,
time
deposit
accounts,
and
individual
retirement
accounts.
The
Bank's
lending
activities
include
the
making
of
residential
and
farm
loans,
business
lines
of
credit,
working
capital
facilities,
inventory
and
dealer
floor
plans,
as
well
as
installment,
commercial,
term
and
student
loans.
The
Bank
also
offers
a
range
of
trust
services,
including
personal
trust,
employee
benefit
trust,
investment
management,
financial
planning
and
custodial
services. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CBU
is
the
bank
holding
company
for
Community
Bank,
NA,
which
operates
89
customer
facilities
and
70
ATMs
in
Upstate
New
York.
For
the
six
months
ended
6/30/01,
interest
income
rose
9%
to
$100.1
million.
Net
interest
income
after
loan
loss
provision
rose
3%
to
$43.5
million.
Net
income
fell
39%
to
$7.9
million.
Net
interest
income
reflects
acquisitions,
partially
offset
by
lower
net
interest
margin.
Lower
income
reflects
a
$5.5
million
acquisition
expense. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Sanford Belden, 58 Pres,
CEO, Director | $868K | David Elias, 55 Pres,
CEO, and Chief Investment Officer of Elias Management, Inc. | 396K | Michael Patton, 55 Pres,
Financial Services | 227K | James Wears, 51 Pres,
Banking | 224K | David Wallace, 56 Treasurer
of the Company; Exec. VP and CFO of the Bank | 220K | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|