Community Financial System reports retirement of Chief Banking Officer Jeffrey M. Levy and new stock repurchase plan

COMMUNITY FINANCIAL SYSTEM, INC.

Jeffrey M. Levy retired as SVP and Chief Banking Officer of Community Bank, N.A., effective December 31, 2025.
Matthew K. Durkee succeeds Levy as SVP and Chief Banking Officer, effective January 1, 2026.
Levy entered a consulting agreement with the Bank from January 5 to June 30, 2026, for a monthly fee of $25,000.
Board approved a stock repurchase program authorizing up to 2,633,000 shares during 2026, replacing the prior program.
Under the previous program, the Company repurchased 206,054 shares in 2025.

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