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Kinderhook Bank sold to Syracuse's Community Bank System

Jan 23, 2019 12:03 am
Larry Rulison reports in the Albany Times Union that the Community Bank System of Syracuse is buying Kinderhook Bank Corp. and its 11 branches for $93.4 million. Kinderhook Bank's stock goes for $62 a share in the deal. "Our acquisition of Kinderhook Bank Corp. will extend our banking footprint into the attractive Capital District markets which are similar to the other Upstate New York markets in which we successfully compete," said Mark Tryniski, CEO of Community Bank System. Read the full story in the Albany Times Union.