On January 14, 2026, Community Bank, N.A. (“Community Bank”), a subsidiary of Community Financial System, Inc., entered into an agreement to acquire ClearPoint Federal Bank & Trust (“ClearPoint”) in an all-cash transaction valued at $40 million, subject to a potential purchase price adjustment.

Community Financial System, Inc. is a diversified financial services company focused on four main business lines: banking, employee benefit services, insurance services and wealth management services. Its banking subsidiary, Community Bank has over $16 billion in assets and operates approximately 200 customer facilities across Upstate New York, Northeastern Pennsylvania, Vermont, Western Massachusetts and Southern New Hampshire.

ClearPoint is a national leader in trust administration for the approximately $20 billion death care industry, with over $1.5 billion of assets under management and 3-year revenue CAGR of 8.8%.

Luse Gorman is serving as legal counsel to Community Bank in the transaction.  The Luse Gorman team consists of Jeff Cardone, Ben Azoff, Agata Troy and Brendan Saxon.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.