Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO

RTTNews | 733 days ago
Community Bank System Promotes COO Dimitar Karaivanov To Succeed Mark Tryniski As President And CEO

(RTTNews) - Community Bank System, Inc. (CBU) announced Wednesday that Mark Tryniski will retire as the Company's President and Chief Executive Officer, effective as of December 31, 2023. He joined the Company in 2003 as Chief Financial Officer and has been at the helm of the company and its wholly owned banking subsidiary, Community Bank, N.A. since August 2006.

Tryniski has agreed, if nominated, to serve as a Director of the Company and the Bank until December 31, 2024.

The Board of Directors has selected Dimitar Karaivanov, the Company's Executive Vice President and Chief Operating Officer, to succeed Tryniski effective as of January 1, 2024. The Board will also expand to 13 Directors and appoint Karaivanov as a Director of the Company and the Bank effective as of January 1, 2024.

Karaivanov joined the Company in June 2021 as its Executive Vice President of Financial Services and Corporate Development. He was appointed COO in October 2022, adding responsibility for the Company's banking business - Community Bank, N.A.

Prior to joining the Company, Karaivanov served as Managing Director in Lazard's Financial Institutions Group and has extensive experience as an investment banker for banks, other financial institutions, and fintech companies at a number of leading financial services firms.

read more
Community Bank System Q3 Profit Rises, Meets View

Community Bank System Q3 Profit Rises, Meets View

Community Bank System Inc. (CBU) reported Monday that its third quarter net income increased to $48.69 million or $0.90 per share from $45.34 million or $0.83 per share in the prior-year quarter. Excluding item, operating earnings were also $0.90 per share.
RTTNews | 987 days ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Tuesday.
RTTNews | 11 minutes ago
European Shares Set For Lower Open With Focus On US Tariffs

European Shares Set For Lower Open With Focus On US Tariffs

European stocks look set to open broadly lower on Tuesday after U.S. President Donald Trump imposed new tariff rates on partners including Japan and South Korea but left the door open for additional negotiations, saying that the earlier notifications were "not 100 percent firm."
RTTNews | 1h 2min ago
European Economic News Preview: Germany Foreign Trade Data Due

European Economic News Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany and France are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's foreign trade data for May. Exports are forecast to remain flat in May after falling 1.7 percent in April. The trade surplus is seen at EUR 18.1 billion compared to April's EUR 14.6 billion surplus.
RTTNews | 1h 16min ago