Community Financial System completes $1.5B AUM ClearPoint acquisition, expands wealth management

Filed June 1, 2026 · Period ending June 1, 2026 · ~1 min read

Key Changes

• high

  Community Bank closed acquisition of ClearPoint Federal Bank & Trust on June 1, 2026, adding a national leader in death care trust administration with over $1.5 billion in assets under management.

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• high

  ClearPoint brings high-growth specialty business with 9.7% revenue CAGR over past three years, serving the approximately $20 billion death care industry through trust administration services.

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• medium

  Acquisition significantly expands Nottingham Financial Group, the company's wealth management division, consistent with strategy to deploy capital into recurring, fee-based income streams.

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