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CBU - Community Bank System Is Beefing Up Its Asset Base Through Acquisitions
Community Bank System Inc.
Community Bank System(NYSE: CBU) revealed both solid top-line growth and a new pending acquisition in its third-quarter results released Monday. The community bank, which focuses on upstate New York, Vermont, northeastern Pennsylvania, and western Massachusetts, also enjoyed brisk organic loan growth and maintained high asset quality during the quarter. As we review results of the last three months below, note that all comparative numbers are presented against those of the prior-year quarter: