Community Financial System, Inc.

We are thrilled to announce that?Freddie Jacobs, Jr.?has been promoted to?President and Chief Executive Officer?of?Northeast Retirement Services, LLC (NRS)?and its subsidiary?Global Trust Company (GTC). In addition, Freddie is now serving as?President of Institutional Trust Services for BPAS, where he will oversee the strategy and profitability of Benefit Plans Administrative Services, Inc. (BPAS) Trust companies. Freddie brings?over 30 years of investment industry experience?to this expanded role, along with a proven track record of leadership and a steadfast commitment to delivering excellence for our clients and partners. We are excited about?the vision and expertise Freddie will bring to these organizations as we continue to grow and evolve. Read more: https://www.bpas.com/news/

We are so proud that our 2023 Community Development program has been nationally recognized with a 2024 ABA Foundation Community Commitment Award from the American Bankers Association Foundation! ?? “Community Bank’s community development program demonstrated the extraordinary impact that banks can make in the communities they serve,” said Lindsay Torrico, executive director of the ABA Foundation. We are so proud of all the staff members who continue to make a difference in our communities every day.?Thank you to our team for all that you do! Member FDIC #Community #CommunitySupport #CommunityGiving #Banking #Finance

Join Matthew Krajna, CFA, S&P Dow Jones Indices, and other industry leaders as they discuss the evolution and benefits of small-cap investing. Register today to listen into 30 Years of Opportunity in Small Caps – November 7th | 2:00 PM EST: https://buff.ly/3Ufb8uR Featured Speakers include: Matthew J. Krajna, CFA, CFA, Co-Chief Investment Officer, Nottingham Advisors Asset Management William Puggini, CFA, Senior Portfolio Specialist, Vanguard Fei W., Senior Analyst, S&P Global Indices

The recent Federal Reserve rate cuts are sparking big conversations! ?? These changes impact everything from loans and mortgages to savings and spending. In this post, authored by Vincent Spina, President of our Actuarial & Pension Services division, we’ll explain what the cuts mean and why they happened: https://buff.ly/3BdGg7f

Congratulations to BPAS on their recent award!

Community Financial System, Inc. is set to host an Investor Day, both in-person and virtually, on Friday, September 6, 2024, beginning at 9:00 AM ET at the New York Stock Exchange conference facilities. Their senior leadership team will offer insights into the company’s strategies, performance, and future outlook. The event will feature discussions on each line of business, including presentations by BPAS CEO Paul Neveu. Read more on our website: https://buff.ly/3AHztm6 *BPAS is a wholly-owned subsidiary of Community Financial System, Inc. (CBSI, NYSE: CBU).

Integrity – the currency of our business in financial services. Teamwork – we work together. Excellence – we hold ourselves to a high standard and always bring our best. Humility – how we do things. It’s what drives our President and CEO, Dimitar Karaivanov, to lead our team of over 3,000 employees across multiple states. Our four core values are at the heart of his leadership, guiding every decision and action. Check out the full roundtable discussion with business leaders in the Rochester community here: https://lnkd.in/eaiQRTJh Member FDIC

The Federal Reserve's Economic Symposium at Jackson Hole, held annually, is a key event where central bankers, economists, and financial professionals discuss global economic issues. The 2024 symposium focused on several developments, including the Fed's commitment to bringing inflation down to its 2% target. Learn more in our August Market Minute:

Our President and CEO, Dimitar Karaivanov, sat down with business leaders in the Rochester community to discuss our expansion strategy into new markets with products tailored to support those communities. Thank you to Dr. Seanelle Hawkins, CEO of the Urban League of Rochester, Lauren Dixon, Board Chair at Dixon Schwabl + Company, Robert Duffy, CEO of the Greater Rochester Chamber of Commerce, and Mark Siwiec, CEO, Elysian Homes by Mark Siwiec and Associates for the thoughtful conversation. Member FDIC.

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