ClearPoint Federal Bank & Trust, Batesville, announced in January it had entered into an agreement to be acquired by Community Bank NA, DeWitt, NY. The all-cash deal is valued at $40 million.
ClearPoint specializes in serving funeral homes and the rest of the deathcare industry, with $1.5 billion in assets under management. It is expected to retain its brand as part of Community Bank’s wealth management services group, Nottingham Financial Group, after the acquisition closes
The deal is expected to close in the second quarter.
