1. Nuvo Bank in Springfield's Tower Square changes name to Community Bank

    Nuvo Bank in Springfield's Tower Square changes name to Community Bank

    Nuvo Bank & Trust  has changed its name to Community Bank following two separate takeovers that resulted in Nuvo being owned by Community Bank of Syracuse, New York. Temporary Community Bank signs are already up at Nuvo's first, and only, office in Springfield's Tower Square office building. Community Bank System Inc., the parent company of Community Bank, completed its merger with Nuvo's most recent owner, Merchants Bancshares, Inc., of Vermont, on May 12. Community Bank paid Merchants shareholders $304 million in the deal, according to a news release.

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