Community Bank System Inc. has completed its purchase of Benefit Plans Administrators, a Utica, N.Y.-based third-party administrator of defined benefit and contribution plans.

The company, which has been renamed Benefit Plans Administrative Services Inc., administers 425 plans with $350 million in assets. Community Bank, with $1.2 billion in assets, operates 49 branches in northern and southwestern New York state, the Finger Lakes, and the Southern Tier.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.