Community Bank System, Inc. (“Community Bank System”) (NYSE: CBU), the parent company of Community Bank, N.A. (“Community Bank”), and Jacobi Capital Management, LCC (“Jacobi”) announced today that they have entered into a strategic relationship agreement for Jacobi to provide investment advisory services to Community Bank commercial and high net worth clients in Pennsylvania. Jacobi and Community Bank will collaborate closely to provide seamless client experience.
Mark E. Tryniski, President and Chief Executive Officer of Community Bank System commented, “We are truly delighted to partner with Mike Hirthler at Jacobi and his team. Their capabilities will be highly additive to our commercial and high net worth clients. More importantly, their values and culture align perfectly with ours.”
Barbara A. Maculloch, Pennsylvania President for Community Bank added, “I have known Mike for over 25 years and couldn’t be happier to finally partner with his firm. This will further accelerate our excellent momentum in the Pennsylvania market and we are beyond excited to be bringing this partnership to our clients.”
Michael J. Hirthler, Jacobi’s Chief Investment Officer commented, “It is so rare to find people that share your values and passion for helping others work towards their financial goals. Mark Tryniski and Barbara Maculloch are building Community Bank with a singular focus on the client getting the advice they need while striving toward their desired outcomes. We are proud to have the opportunity to partner with Mark and his team at Community Bank.”