The estimated Net Worth of John Parente is at least $4.7 Milion dollars as of 15 March 2024. Mr. Parente owns over 1,198 units of Community System stock worth over $3,851,500 and over the last 15 years he sold CBU stock worth over $742,067. In addition, he makes $106,314 as Independent Director at Community System.
John has made over 13 trades of the Community System stock since 2011, according to the Form 4 filled with the SEC. Most recently he exercised 1,198 units of CBU stock worth $52,329 on 15 March 2024.
The largest trade he's ever made was buying 11,000 units of Community System stock on 2 August 2011 worth over $276,320. On average, John trades about 1,531 units every 110 days since 2010. As of 15 March 2024 he still owns at least 68,386 units of Community System stock.
You can see the complete history of Mr. Parente stock trades at the bottom of the page.
John Parente serves as Independent Director of the Company. Over the course of his business career, he has developed broad expertise by serving in various management positions in a range of business ventures, including companies engaged in manufacturing, real estate, construction, banking, distribution, and media including service as the Chief Executive Officer of CP Media, LLC, an owner and operator of broadcast television stations headquartered in Wilkes-Barre, Pennsylvania. He holds an ownership interest and serves on the Board of Directors of Lackawanna Casualty Company, Lackawanna American Insurance Company, and Lackawanna National Insurance Company. He also holds an ownership interest and serves on the Board of Directors of Sordoni Construction Services and Sordoni Construction Company, regional construction companies with operations in Pennsylvania, New Jersey and New York. He developed significant banking experience through his prior involvement as a founding director of a bank located in Pennsylvania. In addition to his broad business experience, Mr. Parente provides the Board with significant risk management expertise and insights into the economic opportunities in the Northeast Pennsylvania region, which is a key geographic area for the Company.
As the Independent Director of Community System, the total compensation of John Parente at Community System is $106,314. There are 12 executives at Community System getting paid more, with Mark Tryniski having the highest compensation of $5,160,030.
John Parente is 53, he's been the Independent Director of Community System since 2010. There are 19 older and 2 younger executives at Community System. The oldest executive at Community Financial System Inc. is Michael Kallet, 69, who is the Independent Director.
John's mailing address filed with the SEC is C/O COMMUNITY BANK SYSTEM, INC., 5790 WIDEWATERS PARKWAY, DEWITT, NY, 13214.
Over the last 21 years, insiders at Community System have traded over $15,636,273 worth of Community System stock and bought 65,657 units worth $2,107,383 . The most active insiders traders include Mark E Tryniski, Nicholas A Dicerbo a Sally A Steele. On average, Community System executives and independent directors trade stock every 22 days with the average trade being worth of $281,093. The most recent stock trade was executed by Dimitar Karaivanov on 13 June 2024, trading 1,000 units of CBU stock currently worth $43,520.
headquartered in dewitt, ny, a suburb of syracuse, community bank system, inc. (nyse:cbu) is a registered bank holding company with $7.4 billion in assets and approximately 180 customer facilities across upstate new york, where it operates as community bank, n.a. member fdic. equal housing lender. the company's other subsidiaries include: bpas, an employee benefits administration and consulting firm with offices in upstate new york, pittsburgh, philadelphia, houston and puerto rico; the cbna insurance agency, with offices in three northern new york communities; community investment services, a broker-dealer delivering financial products throughout the company's branch network; and nottingham advisors, a wealth management and advisory firm with offices in buffalo, ny, and north palm beach, fl.
Community System executives and other stock owners filed with the SEC include: