---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-001402"
form_type: "8-K"
ticker: "CBU"
cik: "0000723188"
company_name: "COMMUNITY FINANCIAL SYSTEM, INC."
filed_at: "2026-01-06T23:59:59+00:00"
generated_at: "2026-05-16T11:35:38.938399+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-001402
- form_type: 8-K
- ticker: CBU
- cik: 0000723188
- company_name: COMMUNITY FINANCIAL SYSTEM, INC.
- filed_at: 2026-01-06T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723188/000110465926001402/0001104659-26-001402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723188/000110465926001402/tm261960d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-001402
- JSON: https://secwatch.observer/filing/0001104659-26-001402.json
- Plain text: https://secwatch.observer/filing/0001104659-26-001402.txt

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