<SEC-DOCUMENT>0000723188-16-000067.txt : 20160107
<SEC-HEADER>0000723188-16-000067.hdr.sgml : 20160107
<ACCEPTANCE-DATETIME>20160107123843
ACCESSION NUMBER:		0000723188-16-000067
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20151231
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20160107
DATE AS OF CHANGE:		20160107

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNITY BANK SYSTEM, INC.
		CENTRAL INDEX KEY:			0000723188
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				161213679
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13695
		FILM NUMBER:		161329627

	BUSINESS ADDRESS:	
		STREET 1:		5790 WIDEWATERS PKWY
		CITY:			DEWITT
		STATE:			NY
		ZIP:			13214
		BUSINESS PHONE:		8007242262

	MAIL ADDRESS:	
		STREET 1:		5790 WIDEWATERS PARKWAY
		CITY:			DEWITT
		STATE:			NY
		ZIP:			13214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK NA, a subsidiary of Community Bank System Inc
		DATE OF NAME CHANGE:	20130729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK NA, a subsidiary of Community Bank System Inc.
		DATE OF NAME CHANGE:	20130726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK SYSTEM INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>forms8k2015december31.htm
<TEXT>
<html>
<head>
    <title>forms8k2015december31.htm</title>
    <!--Licensed to: Community Bank System, Inc.-->
    <!--Document Created using EDGARizer 2020 5.5.2.0-->
    <!--Copyright 1995 - 2015 Summit Financial Printing. All rights reserved.-->
</head>
<body bgcolor="#ffffff" style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">
<br>
<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">UNITED STATES</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">SECURITIES AND EXCHANGE COMMISSION</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">WASHINGTON, D.C.&#160;&#160;20549</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">__________________</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">FORM 8-K</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">CURRENT REPORT</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Date of Report (Date of earliest event reported):&#160;&#160;<font style="FONT-WEIGHT: bold; DISPLAY: inline">December 31, 2015</font></font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><img src="cbufulllogomini.jpg" alt=""></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160;&#160;&#160;&#160;&#160; (Exact name of registrant as specified in its charter)</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center">
<table cellpadding="0" cellspacing="0" width="80%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">Delaware</font></font></div>
</td>
<td valign="middle" width="22%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">001-13695</font></font></div>
</td>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">16-1213679</font></font></div>
</td>
</tr><tr>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(State or other jurisdiction of incorporation) </font></div>
</td>
<td valign="middle" width="22%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(Commission File Number) </font></div>
</td>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(I.R.S. Employer Identification No.)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="25%">&#160;</td>
<td align="left" valign="middle" width="22%">&#160;</td>
<td align="left" valign="middle" width="25%">&#160;</td>
</tr><tr>
<td valign="middle" width="25%" style="BORDER-BOTTOM: 4px; TEXT-ALIGN: center">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">5790 Widewaters Parkway, DeWitt, New York</font></font></div>
</td>
<td align="left" valign="middle" width="22%">&#160;</td>
<td valign="middle" width="25%" style="BORDER-BOTTOM: 4px; TEXT-ALIGN: center">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline"><font style="FONT-WEIGHT: bold; DISPLAY: inline">13214</font></font></div>
</td>
</tr><tr>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(Address of principal executive offices) </font></div>
</td>
<td align="left" valign="middle" width="22%">&#160;</td>
<td valign="middle" width="25%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">(Zip Code)</font></div>
</td>
</tr></table>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center">&#160;</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Registrant&#8217;s telephone number, including area code: <font style="FONT-WEIGHT: bold; DISPLAY: inline">(315) 445-2282</font></font></div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline"><font id="TAB1" style="MARGIN-LEFT: 180pt"></font><font style="TEXT-DECORATION: underline; DISPLAY: inline">Not Applicable</font>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(Former name or former address, if changed since last report)</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center">&#160;</div>

<div style="TEXT-ALIGN: left; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<table cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" colspan="2" valign="middle" width="90%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">&#160;</td>
<td align="left" valign="middle" width="88%">&#160;</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: wingdings; DISPLAY: inline">o</font></div>
</td>
<td align="left" valign="middle" width="88%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">&#160;</td>
<td align="left" valign="middle" width="88%">&#160;</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: wingdings; DISPLAY: inline">o</font></div>
</td>
<td align="left" valign="middle" width="88%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">&#160;</td>
<td align="left" valign="middle" width="88%">&#160;</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: wingdings; DISPLAY: inline">o</font></div>
</td>
<td align="left" valign="middle" width="88%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>
</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">&#160;</td>
<td align="left" valign="middle" width="88%">&#160;</td>
</tr><tr>
<td align="left" valign="middle" width="10%">&#160;</td>
<td align="left" valign="middle" width="2%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: wingdings; DISPLAY: inline">o</font></div>
</td>
<td align="left" valign="middle" width="88%">
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>
</td>
</tr></table>
</div>

<br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<div id="PGBRK" style="WIDTH: 100%; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<div id="FTR">
<div id="GLFTR" style="WIDTH: 100%" align="left"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>

<div id="PN" style="WIDTH: 100%; PAGE-BREAK-AFTER: always">
<div style="WIDTH: 100%; TEXT-ALIGN: center"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>

<div style="WIDTH: 100%; TEXT-ALIGN: center">
<hr style="COLOR: black" noshade size="2">
</div>
</div>

<div id="HDR">
<div id="GLHDR" style="WIDTH: 100%" align="right"><font style="FONT-SIZE: 8pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">&#160; </font></div>
</div>
</div>

<br>
<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Item 5.02&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">(b)&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;On December 31, 2015, James A. Wilson, a member of the Board of Directors (the &#8220;Board&#8221;) of Community Bank System, Inc. (the &#8220;Company&#8221;), retired from the Board in accordance with the Company&#8217;s mandatory retirement policy for directors.&#160;&#160;Pursuant to the Company&#8217;s Bylaws, a director is required to retire from the Board on December 31<font style="FONT-SIZE: 70%; VERTICAL-ALIGN: text-top; DISPLAY: inline">st</font> of the year in which he or she attains the age of 70.&#160;&#160;Mr. Wilson has served as a director of the Company and its subsidiary, Community Bank, N.A. (the &#8220;Bank&#8221;), since 2009.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">Item 8.01&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Other Events</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 36pt" align="left"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">At its December meeting, the Board also approved a stock repurchase program authorizing the repurchase, at the discretion of senior management, of up to 2,200,000 shares of the Company&#8217;s common stock during a twelve-month period starting January 1, 2016.&#160;&#160;Such repurchases may be made at the discretion of senior management depending on market conditions and other relevant factors and will be acquired through open market or privately negotiated transactions as permitted under Rule 10b-18 of the Securities Exchange Act of 1934 and other applicable legal requirements.&#160;&#160;The new repurchase authorization replaces the existing program which expired on December 31, 2015.&#160;&#160;In 2015, the Company repurchased 265,230 shares of its own common stock as part of the expired program.</font></div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="justify">&#160;</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt" align="center"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; FONT-WEIGHT: bold; DISPLAY: inline">SIGNATURES</font></div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt"><font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; DISPLAY: inline">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">&#160;</div>

<div style="TEXT-ALIGN: center; MARGIN-LEFT: 0pt; DISPLAY: block; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt">
<table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
<tr>
<td width="50%">&#160;</td>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-WEIGHT: bold; DISPLAY: inline">Community Bank System, Inc.</font></font></td>
</tr><tr>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">&#160;</font></td>
</tr><tr>
<td width="50%">&#160;</td>
<td width="50%">&#160;</td>
</tr><tr>
<td width="50%">&#160;</td>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">By:&#160; /<font style="TEXT-DECORATION: underline; DISPLAY: inline">s/ George J. Getman</font></font></td>
</tr><tr>
<td width="50%">&#160;</td>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Name:&#160; George J. Getman</font></td>
</tr><tr>
<td width="50%">&#160;</td>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; DISPLAY: inline">Title:&#160; Executive Vice President and General Counsel</font></font></td>
</tr><tr>
<td width="50%">&#160;</td>
<td width="50%">&#160;</td>
</tr><tr>
<td width="50%"><font style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman">Dated:&#160; January 7, 2016</font></td>
<td width="50%">&#160;</td>
</tr></table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<div align="center">
<table border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman">
</table>
</div>

<div style="DISPLAY: block; TEXT-INDENT: 0pt"><br>
</div>

<br>
<br>
</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>cbufulllogomini.jpg
<TEXT>
begin 644 cbufulllogomini.jpg
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M?F3R<#HKM'9'"X;$?!!P479OOY6[_P!>1VDGQPN/M_[G1HOLN>%>8^81]0,
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MF]L =K"U@:22-@,D,@Y7'?/'([$5@Z?\7=/U>PGGTS1]2O+E962&R@C#S2*
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MHVYXB/+'FNN[?9?Y_P##GH7P9AG@\'SR3!A%+>N\.>Z[5!(]L@_D:XCX9_\
M%/\ QKUK2KOY9)C<P1ECC=^\$BG\5&:]-^'7B1/$WAWS%LHK0VDOV8QPC$6
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MR/(7S& 5@6"Y]7Z9Z"MGXOIJGB#PU#HNE:%J=U-*\5RTJPC9&HW?*3G.[U%
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
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
