Community Financial System to Acquire ClearPoint Federal Bank & Trust for $40 Million

Reuters01-15

Community Financial System to Acquire ClearPoint Federal Bank & Trust for $40 Million

Community Financial System, Inc.'s wholly-owned banking subsidiary, Community Bank, N.A., has entered into an agreement to acquire ClearPoint Federal Bank & Trust. ClearPoint, a national leader in trust administration for the death care industry with over $1.5 billion in assets under management, will retain its brand and offerings after the transaction. The $40 million all-cash deal is expected to significantly expand the revenue and offerings of Nottingham Financial Group, CFSI's wealth management services business. The transaction is anticipated to close in the second quarter of 2026, pending shareholder and regulatory approvals.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Community Financial System Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260115164660) on January 15, 2026, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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