CBU - 2 Potential Acquisition Targets For Community Bank System

• Ballston Spa Bancorp is an appealing and undervalued institution located north of Albany, New York.
• Jeffersonville Bancorp is the dominant community bank serving the Catskills region.
• Ballston and Jeffersonville are both appealing opportunities with characteristics consistent with Community Bank System's recent acquisitions.
• We consider Ballston Spa the more appealing institution although also the less likely potential acquisition candidate.

For further details see: