SYRACUSE, N.Y.--(BUSINESS WIRE)-- 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 January 10, 2013 to shareholders of record as of December 14, 2012. The $0.27 cash dividend represents an annualized yield of 4.0% based on the closing share price of $26.73 on November 27, 2012.

Headquartered in DeWitt, N.Y., Community Bank System, Inc. has $7.6 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 with offices in New York, New Jersey, Pennsylvania and Texas; 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 with offices in Buffalo, N.Y. and North Palm Beach, Florida. For more information, visit: www.communitybankna.com or www.firstlibertybank.com.

Community Bank System, Inc.
Scott A. Kingsley, E.V.P. and
Chief Financial Officer
Office: 315-445-3121
Fax: 315-445-7347

Source: Community Bank System, Inc.