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Community Financial System Inc T.CBU.PR.A


Primary Symbol: CBU

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 Company’s banking subsidiary, Community Bank, N.A., operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts. The Company’s 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 Company’s 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.


NYSE:CBU - Post by User

Post by unclewebbon Apr 27, 2007 2:50pm
293 Views
Post# 12688136

Bottom Line

Bottom LineMy interpretation of the press release is that no one came forward with a bid for Caribou's assets so it looks like Brookfield gets all of the assets in lieu of the debt owing them and there will be absolutely nothing left. Present shareholders are at the bottom of the totem pole and by the time all of the debts are paid, that will be it.
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