Community Bank president and chief executive officer Mark Tryniski said the OCC’s approval will help the bank to complete the transaction on planned date of 20 July 2012.
"We are working closely with HSBC to ensure a smooth transition, which we expect will be seamless for customers. We will be mailing welcome packets to all of our new customers prior to the transition," Tryniski added.
"The packet will include information about the transition, and our services, products, nationally recognized financial strength and community focus."
Tryniski said that the additional branches is ecpected to strengthen its services to Upstate New York customers with the addition of new resources, people and locations.
As part of the transaction, the 16 HSBC branches to be acquired by the bank are located in Gowanda, Springville, Westfield, Palmyra, Newark, Geneseo, Watkins Glen, Avon, Watertown (2), Plattsburgh, Oswego, Fulton, Lowville, Adams and Alexandria Bay.
