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Stock impact report

Community Bank System, Inc. Announces Quarterly Dividend and Expected Closing for Merger with Kinderhook Bank Corp.

Community Bank System, Inc. (CBU) 
Last community bank system, inc. earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.communitybanksystem.com
Company Research Source: Business Wire
SYRACUSE, N.Y.--(BUSINESS WIRE)-- Community Bank System, Inc. (NYSE:CBU) (the “Company”) announced that it has declared a quarterly cash dividend of $0.38 per share on its common stock. The dividend will be payable on April 10, 2019 to shareholders of record as of March 15, 2019. The $0.38 cash dividend represents an annualized yield of 2.35% based on the closing share price of $64.71 on February 20, 2019. On January 22, 2019, the Company announced that it entered into a definitive agreement with Kinderhook Bank Corp., parent company of National Union Bank of Kinderhook, pursuant to which the Company will acquire Kinderhook Bank Corp. in an all cash transaction representing total consideration valued at approximately $93.4 million (the “Merger”). The Merger will extend the Company’s footprint into the Capital District of Upstate New York. Upon the completion, Community Bank, N.A., the Company’s banking s Show less Read more
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