Welcome to our dedicated page for COMMUNITY FINANCIAL SYSTEM SEC filings (Ticker: CBU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Community Financial System, Inc. filings document a diversified financial services company with banking, employee benefit services, insurance services and wealth management services operations. Its Form 8-K reports furnish operating results, Regulation FD investor presentations, director appointments, bank leadership changes and capital actions, including stock repurchase authorization disclosures.
Proxy materials cover annual meeting procedures, shareholder voting matters, board governance, executive compensation and performance discussion across the company's four business lines. The filing record also identifies Community Bank, N.A. and other operating units as recurring subjects in disclosures about business strategy, governance and capital structure for CBU common stock.
Community Financial System, Inc. filed a current report to furnish its results of operations for the fourth quarter and fiscal year ended December 31, 2025. The company made a public announcement of these results through a news release, which is included as Exhibit 99.1.
The information, including the press release, is provided under a disclosure rule for operating results and is expressly designated as "furnished" rather than "filed," which affects how it is treated under securities laws and in future regulatory filings.
Community Financial System, Inc. reported that its wholly owned subsidiary, Community Bank, N.A., has entered into an Agreement and Plan of Merger to acquire ClearPoint Federal Bank & Trust, a federally chartered savings association. This step signals an intention to expand Community Bank, N.A.’s footprint and customer base through the ClearPoint platform.
The company released an investor presentation and a press release describing the proposed transaction, which are provided as exhibits to this report and incorporated by reference. These materials are intended to give analysts and investors more detail on the strategic rationale and structure of the planned acquisition.
Community Financial System, Inc. announced an executive succession and a new share repurchase program. Longtime executive Jeffrey M. Levy retired as Senior Vice President and Chief Banking Officer of Community Bank, N.A., and was succeeded by Matthew K. Durkee, effective January 1, 2026. To support the transition, Mr. Levy will provide advisory services under a consulting agreement from January 5, 2026 through June 30, 2026 for a monthly fee of $25,000.
The board also approved an annual stock repurchase program authorizing the buyback of up to 2,633,000 shares of common stock during the twelve-month period starting January 1, 2026, at management’s discretion and subject to regulatory approval. This authorization replaces the prior program, under which the company repurchased 206,054 shares during 2025.
Community Financial System, Inc. director Michele Sullivan reported a Form 4 transaction involving deferred equity awards tied to the company’s common stock. On 12/18/2025, the reporting person acquired 409.8698 units of phantom stock under a Deferred Compensation Plan for Directors at a reference price of $60.69 per unit. Each phantom stock unit is the economic equivalent of one share of Community Financial System, Inc. common stock and will be settled in stock at future dates chosen under the plans.
The filing notes these units were granted under the company’s 2022 Long-Term Incentive Plan and a separate Deferred Compensation Plan for Directors, and that additional small amounts of phantom stock were credited as dividend equivalents on specified dividend payment dates. Following these transactions, the director’s derivative holdings include phantom stock units that mirror shares of common stock for economic value, but are settled later instead of immediately delivering shares.
Community Financial System, Inc. reported an insider equity compensation transaction for a director on December 18, 2025. The filing shows an acquisition of 346.0208 units of phantom stock under deferred compensation at a price of $60.69 per unit, each economically equivalent to one share of Community Financial System common stock. After this transaction, the director beneficially owned 1,368.7247 phantom stock units in total. These units were granted under the company’s 2022 Long-Term Incentive Plan and a Deferred Compensation Plan and will be settled in common stock at future dates selected or predetermined for the reporting person. Some units include dividend equivalents credited on July 10, 2025 and October 10, 2025.
Community Financial System, Inc. director reported updated equity holdings and deferred awards. As of the reported transaction on 12/18/2025, the director beneficially owns 11,202.421 shares of common stock directly. These holdings include shares acquired on April 10, July 10, and October 10, 2025 through the company’s Dividend Reinvestment Plan.
The director also holds deferred equity under company plans. Deferred stock units under the 2022 Long-Term Incentive Plan represent 6,963.1469 phantom stock units, each economically equivalent to one common share and to be settled in stock at predetermined dates. In addition, 189.4876 phantom stock units tied to deferred compensation were acquired on December 18, 2025 at $60.69 per unit, bringing total deferred compensation phantom units to 7,712.7297, also to be settled in common stock at future dates selected by the reporting person.
Community Financial System, Inc. reported that one of its directors completed several equity transactions in the company’s common stock. On 12/16/2025, the director exercised a stock option and acquired 4,246 shares of common stock at $38.02 per share, then reported a separate transaction coded "F" involving the disposition of 2,683 shares at $60.18 per share. After these moves, the director directly owned 71,391.3212 shares of common stock.
The filing also shows derivative holdings in the form of 1,244.9435 phantom stock (deferred stock units) under the Community Financial System, Inc. 2022 Long-Term Incentive Plan. Each phantom unit is the economic equivalent of one share of common stock and will be settled in stock at a predetermined date. This total includes 9.4706 and 10.4729 phantom units acquired on July 10, 2025 and October 10, 2025 as dividend equivalents. The stock option for 4,246 shares at $38.02, originally expiring on 03/16/2026, is shown as fully exercised.
Community Financial System, Inc. director reports equity settlement from deferred compensation. On December 1, 2025, a reporting person serving as a director of Community Financial System, Inc. converted phantom stock units into 1,370 shares of common stock through a transaction coded "M," which reflects the exercise or settlement of a derivative security. After this settlement, the director beneficially owned 8,506.0302 shares of common stock directly.
The filing also notes that the director continues to hold 5,707.3915 units of phantom stock as of this event. Each phantom stock unit represents the economic equivalent of one share of common stock and will be settled in common stock at future dates selected by the director under the company’s Deferred Compensation Plan. The phantom stock balance includes units received as dividend equivalents on January 10, 2025, April 10, 2025, July 10, 2025, and October 10, 2025.
Community Financial System, Inc. (NYSE: CBU) filed a current report stating it has posted an investor presentation to its website. The materials, intended for upcoming meetings with investors and analysts, are available on the company’s Investor Relations Events & Presentations page.
The report is administrative in nature and does not announce transactions or financial results.
Community Financial System, Inc. (CBU) reported that its subsidiary Community Bank, N.A. closed the purchase of seven branches in the Allentown, Pennsylvania area from Santander Bank, N.A. on November 7, 2025. Nottingham Investment Services, Inc., a subsidiary of Community Bank, also acquired certain wealth management relationships from Santander Securities LLC associated with these locations.
The transaction adds approximately $553.0 million of deposits and $31.9 million of performing loans. The company stated the deal accelerates its expansion in the Greater Lehigh Valley, complementing its existing commercial and consumer lending presence in the market.