Community Financial System closes $39M cash acquisition of ClearPoint Federal Bank & Trust

COMMUNITY FINANCIAL SYSTEM, INC.

All-cash deal valued at $39M; ClearPoint has $1.5B AUM and 9.7% three-year revenue CAGR.
ClearPoint is a national leader in trust administration for the ~$20B death care industry.
Acquired business will operate as ClearPoint Trust, a division of Community Bank, N.A.
Transaction expands Nottingham Financial Group's wealth management services.
Deal closed June 1, 2026; D.A. Davidson & Co. and Luse Gorman advised CBU.

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