<SEC-DOCUMENT>0001127602-17-018771.txt : 20170519
<SEC-HEADER>0001127602-17-018771.hdr.sgml : 20170519
<ACCEPTANCE-DATETIME>20170519135011
ACCESSION NUMBER:		0001127602-17-018771
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170512
FILED AS OF DATE:		20170519
DATE AS OF CHANGE:		20170519

ISSUER:		

	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

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DAVIS JEFFREY L
		CENTRAL INDEX KEY:			0001220435

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13695
		FILM NUMBER:		17857307

	MAIL ADDRESS:	
		STREET 1:		275 KENNEDY DRIVE
		CITY:			SOUTH BURLINGTON
		STATE:			VT
		ZIP:			05403
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>form3.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2017-05-12</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000723188</issuerCik>
        <issuerName>COMMUNITY BANK SYSTEM, INC.</issuerName>
        <issuerTradingSymbol>CBU</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001220435</rptOwnerCik>
            <rptOwnerName>DAVIS JEFFREY L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O COMMUNITY BANK SYSTEM, INC.</rptOwnerStreet1>
            <rptOwnerStreet2>5790 WIDEWATERS PARKWAY</rptOwnerStreet2>
            <rptOwnerCity>DEWITT</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>13214</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>52939</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>858</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>493</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Child</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4707</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Trust</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>405</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Family Trust</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Pursuant to the Agreement and Plan of Merger, dated as of October 22, 2016 (the &quot;Merger Agreement&quot;), each share of Merchants Bancshares, Inc. (&quot;Merchants&quot;) stock held by the reporting person was converted into and became exchangeable for shares of Community Bank System, Inc. common stock. Under the terms of the Merger Agreement, and subject to the allocation and proration procedures set forth therein, for each share of Merchants common stock, the reporting person could elect to receive either(i) $40.00 in cash (the &quot;Cash Consideration&quot;), (ii) 0.9630 shares of Community Bank System, Inc. Common Stock, par value $1.00 per share, and cash in lieu of fractional shares, if any (the &quot;Stock Consideration&quot;), or (iii) a combination of $12.00 in cash and 0.6741 shares of Community Bank System, Inc. Common Stock, and cash in lieu of fractional shares, if any (the &quot;Mixed Election Consideration,&quot; and together with the Cash Consideration and the Stock Consideration, the &quot;Merger Consideration&quot;).  Set forth above is the number of shares of Community Bank System, Inc. stock beneficially owned by the reporting person based upon the allocation and proration procedures set forth in the Merger Agreement.</footnote>
        <footnote id="F2">The reporting person disclaims beneficial ownership of these securities, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Danielle M. Cima, pursuant to a Confirming Statement executed by Jeffrey L. Davis</signatureName>
        <signatureDate>2017-05-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>doc1.txt
<DESCRIPTION>POWER OF ATTORNEY (PUBLIC): CONFIRMING STATEMENT
<TEXT>
Confirming Statement

      This Confirming Statement (?Statement?) confirms that the undersigned,
Jeffrey L. Davis, has authorized, directed and designated each of Danielle
M. Cima, Brian Fancher, George J.Getman and Laura Mattice (each a ?Designee?
and together, the ?Designees?), or either of them acting singly, to: (1)
prepare, execute and file for and on behalf of the undersigned with the
U.S. Securities and Exchange Commission (the ?SEC?) a Form ID, including
amendments thereto, enabling the undersigned to make electronic filings with
the SEC of reports required by Section 16(a) of the Securities Exchange Act
of 1934 and any rule or regulation thereunder;and (2) prepare, execute and
file for and on behalf of the undersigned with the SEC and any stock exchange
or similar authority, all Forms 3, 4, and 5, including any amendments thereto,
that the undersigned is required to file as an officer and/or director of
Community Bank System, Inc. (the ?Company?) in accordance with Section 16(a)
of the Securities Exchange Act of 1934 and any rule or regulation thereunder.

      The authority of the Designees under this Statement shall continue until
the undersigned is no longer required to file Forms 3, 4, and 5 with respect to
the undersigned?s holdings of and/or transactions in securities of the Company,
unless earlier revoked by the undersigned in a signed writing delivered to the
Designees.  The undersigned acknowledges that the Designees are not assuming,
nor is the Company assuming, any of the undersigned?s responsibilities to
comply with Section 16 of the Securities Exchange Act of 1934.  This Statement
is not intended to be a power of attorney as defined in the New York General
Obligations Law, Article 5, Title 15, Section 5-1501, and in the event this
Statement is determinedto be a power of attorney under such statute, this
Statement shall not revoke any power of attorney previously executed by the
undersigned and shall not be revoked by any subsequent power of attorney
unless such subsequent power of attorney expressly provides that it revokes
this Statement by referring to the date and subject hereof.


Date: May 12, 2017

/s/ Jeffrey L. Davis
Name:  Jeffrey L. Davis




</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
