CBU · Categories · M&A
CBU - Mergers and acquisitions
Community Financial System Inc. (CBU) mergers and acquisitions - real-time wire coverage filtered to M&A only.
Recent M&A for CBU
- Community Bank System Acquires Assets of Boston Area Insurance AgencyCommunity Bank System, Inc. (NYSE:CBU) announced today that it acquired the assets of the Thomas Gregory Associates Insurance Brokers, Inc. ("TGA"), a specialty-lines insurance broker based in the Boston marketplace. TGA's assets were acquired by OneGroup, NY, Inc. ("OneGroup"), a wholly-owned subsidiary of Community Bank System. OneGroup is Community Bank System's insurance agency subsidiary, with a team of over 200 advisors and specialists providing risk management services, business insurance, personal insurance, employee benefits and human capital consulting, as well as retirement plan consulting through its affiliated OneGroup Retirement Advisors, from eighteen offices located in New
- Community Bank System Acquires Fringe Benefits Design of Minnesota, Inc.Community Bank System, Inc. (NYSE:CBU) announced today that it acquired Fringe Benefits Design of Minnesota, Inc. ("FBD"), a provider of retirement plan administration and benefit consulting services with offices in Minnesota and South Dakota. FBD will become a subsidiary of Benefit Plans Administrative Services, Inc. ("BPAS"), a wholly-owned subsidiary of Community Bank System. BPAS, through its various subsidiaries provides daily valuation, actuarial and employee benefit consulting, cafeteria plan and institutional trust services on a national scale, from offices in Utica and Syracuse, NY, Pittsburgh and Philadelphia, PA, Houston, TX Boston, MA and Puerto Rico. The acquisition of FBD is