Community Financial System, Inc. (NYSE: CBU)

Community Bank System, Inc., often recognized by its stock symbol CBU, operates in the banking, employee benefit services, and insurance services industries. The company's operations span across several regions, including Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts.

Community Bank System, Inc. is primarily engaged in the banking sector, which contributes significantly to its total revenue. The company's banking segment offers a diverse range of commercial and retail banking services, including deposit accounts, loans, and investment products. These services are delivered through a network of 193 full-service branches and 12 drive-thru only locations. The segment's offerings also extend to investment products like mutual funds, exchange-traded funds, and insurance products, catering to a wide array of customers, from individuals to large corporations.

The company's banking segment is its largest, accounting for approximately 75% of the total revenue. This segment's success can be attributed to its extensive branch network, strong community reputation, and a wide range of products tailored to meet the needs of its diverse customer base.

In addition to banking, Community Bank System, Inc. operates in the employee benefit services sector through its subsidiary, Benefit Plans Administrative Services, Inc. (BPAS). This segment provides employee benefit trust, collective investment fund, retirement plan, and health savings account administration services. It also offers actuarial and benefit consulting services, serving a diverse range of clients, including employers, plan sponsors, and plan administrators.

The company's insurance services segment operates through its subsidiary, OneGroup, offering personal and commercial lines of insurance and other risk management products and services. This segment operates through several subsidiaries, including Carta Group, Nottingham, and Wealth Partners.

Community Bank System, Inc.'s competitive advantage lies in its community-focused approach to banking, which enables it to build strong relationships with its customers and provide personalized service. This approach, coupled with its extensive branch network and strong community reputation, positions the company well in its markets.

The company's customers are primarily individuals and businesses within the communities it serves. Its banking segment caters to a diverse range of customers, including individuals, small businesses, and large corporations. The employee benefit services segment serves a diverse range of clients, including employers, plan sponsors, and plan administrators.

Community Bank System, Inc. is a significant player in the banking and financial services industry in the Northeastern United States. Its banking segment is one of the largest community banks in the region, and its employee benefit services segment is a leading provider of employee benefit services in the United States.

The company is subject to extensive regulation and supervision by various government agencies, including the Federal Reserve System, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. It also adheres to state and local regulations and requirements.

Community Bank System, Inc. places a strong emphasis on its human capital resources, recognizing its employees as its most valuable asset. The company offers a range of benefits and programs to attract, retain, and develop its employees, including training and development opportunities, competitive compensation and benefits, and a positive work environment.

The company is committed to growth and development, both organically and through strategic acquisitions. It has a strong track record of growth and has made several strategic acquisitions in recent years to expand its presence in the markets it serves.

Community Bank System, Inc. is dedicated to creating a culture that values diversity and inclusion. The company recognizes the importance of diversity and inclusion in attracting and retaining top talent and in serving its customers. It has implemented a range of initiatives to promote diversity and inclusion, including diversity and inclusion training, employee resource groups, and supplier diversity programs.