Community Bank System, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2020
January 25, 2021 at 09:58 am
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Community Bank System, Inc. reported net charge-offs for the fourth quarter ended December 31, 2019. For the quarter, the company reported net charge-offs of $1,258,000 against $2,369,000 a year ago.
Community Financial System, Inc., formerly Community Bank System, Inc., is a diversified financial services company. The Company is focused on four main business lines, such as banking, employee benefit services, insurance services and wealth management. The Companyâs banking subsidiary, Community Bank, N.A., operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Companyâs Benefit Plans Administrative Services, Inc. subsidiary is a provider of employee benefits administration, trust services, collective investment fund administration, and actuarial consulting services to customers on a national scale. The Companyâs OneGroup NY, Inc. subsidiary is a United States insurance agency. The Company also offers comprehensive financial planning, trust administration and wealth management services through its Wealth Management operating unit.
COMMUNITY FINANCIAL SYSTEM, INC. 
