Community Financial System Inc., through its wholly-owned banking subsidiary, Community Bank N.A., announced its acquisition of seven branch locations from Santander Bank N.A. in the Allentown, Pennsylvania area. The acquisition, which adds approximately $553 million in customer deposit accounts, strengthens the Company’s ability to provide exceptional service to consumer, business banking and private banking clients in Greater Lehigh Valley while growing its presence and acquiring new customers.

Dimitar A. Karaivanov, the President and Chief Executive Officer of the Company, stated, “We are delighted to welcome the employees and customers of these seven branches to Community Bank. Our commitment is to ensure a smooth transition and deliver the exceptional service our customers expect from the same dedicated team of professionals they have come to know and trust. We look forward to building lasting relationships and supporting the Greater Lehigh Valley community with trusted, personalized banking.”

This acquisition accelerates Community Bank’s expansion in the Greater Lehigh Valley, complementing its existing commercial and consumer lending presence in the market. With the addition of these branches and the recently opened and pending de novo locations, Community Bank will operate a total of 12 retail locations in the Greater Lehigh Valley, securing a Top 5 market position.