Community Financial System, Inc.

Upstate New York regional bank with benefits, insurance and wealth arms

What Community Financial System does

Community Financial System owns Community Bank, N.A., a bank serving individuals, businesses, institutions and local governments. Besides regular banking, it runs businesses that administer employee benefit and retirement plans, sell insurance, and manage wealth for clients.

How Community Financial System makes money

It earns most of its income from net interest, meaning the gap between what it earns on loans and securities and what it pays on deposits. It also earns fees from treasury management and payments, benefit plan administration, insurance commissions and wealth management.

Products & services

• Community Bank, N.A. lending and deposit accounts
• Treasury management and payment processing
• Retirement plan and health savings account administration
• Collective investment fund and transfer agency services
• Personal and commercial insurance
• Wealth management, trust and financial planning