Community Bank System, Inc. Announces First Quarter Common Stock Dividend

Community Bank System, Inc. (NYSE: CBU) announced that it has declared a quarterly cash dividend of $0.27 per share on its common stock. The dividend will be payable on April 10, 2013 to shareholders of record as of March 15, 2013. The $0.27 cash dividend represents an annualized yield of 3.7% based on the closing share price of $28.99 on February 22, 2013.

Headquartered in DeWitt, N.Y., Community Bank System, Inc. has $7.5 billion in assets and over 180 customer facilities. The Company’s banking subsidiary, Community Bank, N.A. operates across Upstate New York and Northeastern Pennsylvania, where it conducts business as First Liberty Bank & Trust. Its other subsidiaries include: Benefit Plans Administrative Services, Inc., a national employee benefits consulting and trust administration firm; the CBNA Insurance Agency, with offices in five northern New York communities; Community Investment Services, Inc., a wealth management firm delivering a wide range of financial products throughout the Company's branch network; and Nottingham Advisors, an investment management and advisory firm. For more information, visit: www.communitybankna.com or www.firstlibertybank.com.

Copyright Business Wire 2010

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