Community Bank System completed the acquisition of Elmira Savings Bank for $83m.

Community Bank System, a commercial bank, completed the acquisition of Elmira Savings Bank, a full service community bank, for $83m. "I want to commend both teams for their innovation and hard work and we are excited about this opportunity to expand the reach and depth of our banking services in the Central New York and Southern Tier regions. We hope that our new customers will enjoy the larger branch network and broad variety of financial services Community Bank and its subsidiaries have to offer. Community Bank is committed to our new employees and customers and the communities in which they live and work, and we look forward to this opportunity to welcome them to the Community Bank family," Mark E. Tryniski, Community Bank System President and CEO. On December 16, 2021, Elmira announced its shareholders approved the deal.