Community Financial System, Inc. announced a minority investment in Leap Holdings, Inc., a Delaware corporation.
The investment includes acquiring various classes of preferred and common stock in Leap Holdings.
Leap Holdings' subsidiary, Leap Insurance Agency, LLC, offers tech-driven insurance solutions for the rental housing sector with rapid growth since its establishment.
Investment Details
Community Financial System, Inc. (NYSE: CBU) invested approximately $37,350,000 in Leap Holdings, Inc.
Leap Holdings' Offerings
Leap Holdings' tech-first solutions provide significant benefits to housing operators, backed by strong insurance capacity.
Company Focus
Community Financial System, Inc. focuses on banking services, employee benefit services, insurance services, and wealth management services.
- Leap Holdings, Inc. offers innovative insurance solutions for the rental housing sector, poised for significant market growth.
- The investment in Leap Holdings strengthens Community Financial System's presence in the diversified financial services field.
The investment in Leap Holdings, Inc. aligns with Community Financial System's strategy to diversify its financial services. This move is set to enhance the company's offerings and market position in the insurance sector.