---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-103952"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:59:56.526164+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Community Financial System appoints Deresa Durkee as SVP and Chief Accounting Officer

## Summary
- Deresa Durkee, age 55, promoted from SVP and Corporate Controller to SVP and Chief Accounting Officer effective Sept 30, 2024.
- She joined the company in 2015 via the Oneida Financial acquisition, where she was SVP and CFO.
- Durkee entered into a Change of Control Agreement dated Jan 1, 2024, providing 18 months base salary plus incentive if terminated within one year after a change of control.
- Change of Control Agreement includes immediate vesting of restricted stock and accelerated option exercisability upon qualifying termination.
- Durkee is a certified public accountant with a B.S. in Accounting from LeMoyne College.

## SEC filing metadata
- accession: 0001104659-24-103952
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/0001104659-24-103952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/tm2425133d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-103952
- JSON: https://secwatch.observer/filing/0001104659-24-103952.json
- Plain text: https://secwatch.observer/filing/0001104659-24-103952.txt

## Key facts
- Executive change
  Deresa F. Durkee was appointed as Senior Vice President and Chief Accounting Officer at COMMUNITY FINANCIAL SYSTEM, INC..
  - Action: appointed
  - Role: Senior Vice President and Chief Accounting Officer
  source text: On September 30, 2024, Community Financial System, Inc. (the “Company”) and its wholly owned banking subsidiary, Community Bank, N.A. (the “Bank”), appointed Deresa F. Durkee as Senior Vice President (“SVP”) and Chief Accounting Officer, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/723188/000110465924103952/0001104659-24-103952-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.