Community Bank System rebrands as Community Financial System; ticker CBU unchanged

COMMUNITY FINANCIAL SYSTEM, INC.

Name change effective May 15, 2024; stock trades under new name on NYSE starting May 24.
Company says new name reflects broader financial services model: banking, benefits, insurance, wealth management.
Over 39% of revenue is fee income from non-banking units, double industry peers.
Amended bylaws updated to comply with universal proxy rules and Delaware law.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COMMUNITY FINANCIAL SYSTEM, INC.: Amended and restated bylaws to reflect name change, update shareholder nomination procedures per universal proxy rules, modify shareholder list availability, and add emergency bylaw provision (effective 2024-05-15).

Change: bylaw amendment
Effective: 2024-05-15

Exact text from the filing

the Board of Directors of the Company (the “Board”) amended and restated the Company’s Amended and Restated Bylaws, effective as of the filing of the Amended and Restated Certificate of Incorporation, to reflect the Name Change and make certain other updates.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

COMMUNITY FINANCIAL SYSTEM, INC.: Changed corporate name from Community Bank System, Inc. to Community Financial System, Inc. via Amended and Restated Certificate of Incorporation (effective 2024-05-15).

Change: charter amendment
Effective: 2024-05-15

Exact text from the filing

On May 15, 2024, Community Bank System, Inc. (the “Company”) changed its corporate name to Community Financial System, Inc., pursuant to an Amended and Restated Certificate of Incorporation filed with the Delaware Secretary of State on May 15, 2024 (the “Name Change”).

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74 governance changes filed in the last 30 days. Browse all governance changes →

COMMUNITY FINANCIAL SYSTEM, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-062598

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