Community Financial System to acquire ClearPoint Federal Bank & Trust for $40M in cash

COMMUNITY FINANCIAL SYSTEM, INC.

All-cash acquisition of ClearPoint Federal Bank & Trust for $40M, subject to purchase price adjustment.
ClearPoint is a trust administrator for the death care industry with $1.5B AUM and 3-year revenue CAGR of 8.8%.
Transaction expected to close in Q2 2026, pending ClearPoint shareholder and regulatory approvals.
Acquisition expands wealth management services through Nottingham Financial Group (NFG).
ClearPoint will retain its brand and offerings post-close.

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