Does anyone here feel that CBU might be in the market for more bank branches----guess the bids are due this Monday---11 total in all---not sure where the locations are, and we may be in areas already that they are trying to rid of----
I don't see First Niagara, who is buying HSBC's whole upstate New York franchise, selling anything in the Syracuse area (or CBU buying there for that matter). First Niagara did identify certain "non core" areas which they've slated for divestiture that would fit CBU's profile - northern New York being one that would be a very good fit.
I think it's unlikely given the number of branches that HSBC is rumored to be selling (175 according to reports - if true this would represent most of HSBC's upstate franchise and would involve larger cities where Community is less likely to have an interest). If HSBC decides to break the sale into smaller blocks, however, there are definitely areas that would make sense for Community to pick up.