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Community Bank System announces key management changes.

Global Banking News-May 23, 2018--Community Bank System announces key management changes

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Global Banking News - 23 May 2018

Community Bank System Inc. (NYSE:CBU) and its wholly-owned subsidiary, Community Bank, N.A., have said that they have brought in a series of senior management promotions.

As part of the transition, Scott Kingsley has been promoted to executive vice president and chief operating officer of the company and the bank effective June 1, 2018. Having joined the company in 2004, Kingsley has since served as executive vice president and chief financial officer. In his role as chief operating officer, Kingsley will be responsible for overseeing all banking, wealth management, employee benefit services, and insurance operations and related business activities.

Additionally, Joseph E. Sutaris has been promoted to executive vice president and chief financial officer of the company and bank, replacing Kingsley in that position, effective June 1, 2018. Sutaris currently serves as the bank's senior vice president, Finance and Accounting. Sutaris joined the company in 2011 as part of the acquisition of Wilber National Bank, where he served as the executive vice president, chief financial officer, treasurer and secretary of Wilber National Bank.

Also, Joseph F. Serbun has been promoted to executive vice president and chief credit officer, effective June 1, 2018, upon the previously announced retirement of Brian D. Donahue as EVP and chief banking officer. Serbun's responsibilities will include supervision of all aspects of the bank's lending and credit operations related to commercial lending, residential lending, direct and indirect consumer lending, credit administration, cash management and regional banking. Having joined the bank in 2008 as credit officer team leader, Serbun has served as senior vice president and chief credit officer since 2010. Serbun, who has more than 34 years of experience in the banking industry, has served in various roles with larger money centre banks and regional community banks.

Headquartered in DeWitt, New York with assets of nearly USD11bn, Community Bank System Inc. operates more than 230 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary, Community Bank, N.A.

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Publication:Global Banking News (GBN)
Date:May 23, 2018
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