Community Bank System Inc
NYSE:CBU
CBU's latest stock split occurred on Apr 13, 2004
The company executed a 2-for-1 stock split, meaning that for every share held, investors received 2 new shares.
Before the split, CBU traded at 47.2 per share. Afterward, the share price was about 11.4524.
The adjusted shares began trading on Apr 13, 2004. This was CBU's 3rd stock split, following the previous one in Mar 13, 1997.
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Community Bank System Inc
Glance View
Community Bank System Inc. is a financial entity rooted in the tranquil settings of DeWitt, New York. Catering primarily to the northeastern United States, this mid-sized bank paints a picture of prudent financial stewardship through its network of more than 200 branches. The bank extends traditional services; it offers a gamut of personal and commercial banking options, ranging from checking and savings accounts to commercial loans and mortgages. By focusing on community-based banking, the company forges close ties with the individuals and businesses it serves, establishing a robust local foothold in an increasingly competitive financial landscape. Beyond its banking operations, Community Bank System Inc. weaves an intricate tapestry of financial services through its subsidiaries. Its diverse revenue streams include wealth management, employee benefit services, and insurance, allowing it to cushion itself against the volatility of interest rate cycles that often disrupt the traditional banking model. The company’s venture into fee-based businesses has been particularly significant, as it seeks to derive steady income not constricted by interest margin compression. This strategic diversification underscores a calculated effort to manage risk while seizing opportunities to generate stable earnings and to return value to its shareholders over the long haul.
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