Community Bank N.A. Acquires Seven Santander Branches in Allentown
Reuters
Nov 10
Community Bank N.A. Acquires Seven Santander Branches in Allentown
Community Bank, N.A., a wholly-owned subsidiary of Community Financial System, Inc., has completed its acquisition of seven former Santander Bank, N.A. branch locations in the Allentown, Pennsylvania area. The transaction adds approximately $553 million in customer deposits, expanding Community Bank's presence and service capabilities in the Greater Lehigh Valley. Following this acquisition and the addition of new locations, Community Bank will operate a total of 12 retail branches in the region, securing a Top 5 market position. The company emphasized its commitment to ensuring a smooth transition for employees and customers and to providing continued personalized banking services in the area.
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