Community Financial Names Jonathon Mahoney Chief Risk Officer

The Syracuse-based parent of Community Bank adds a veteran credit risk executive from M&T Bank to succeed Dan Bailey.

Updated on Nov. 12, 2026 in People

Community Financial Names Jonathon Mahoney Chief Risk Officer

Community Financial System Inc. has appointed Jonathon Mahoney as chief risk officer, succeeding Dan Bailey, who plans to retire after an extended transition period. Mahoney joins from M&T Bank, where he most recently served as director of commercial and counterparty credit risk oversight.

Why it matters

The appointment fills a senior risk role at the parent company of Community Bank, OneGroup Insurance, BPAS and Nottingham Financial companies. The move brings in a leader with more than 15 years of credit risk experience as the company manages its risk governance structure.

Mahoney brings more than 20 years of financial services experience and more than 15 years of credit risk leadership experience to the role. The announcement does not specify a start date or how long Bailey's transition period will last.

The players

Community Financial System Inc.

A Syracuse-headquartered bank holding company and the parent of Community Bank, OneGroup Insurance, BPAS and Nottingham Financial companies.

Jonathon Mahoney

A financial services and credit risk executive with more than 20 years of industry experience, most recently at M&T Bank.

The details

Mahoney's background includes credit risk management, quantitative modeling and risk governance, and he has advised executive leadership and board risk committees. He replaces Bailey, who plans to retire after an extended transition period.

November 12, 2026: Community Financial System Inc. announces Mahoney's appointment as chief risk officer.
Extended transition period: Dan Bailey transitions out of the chief risk officer role before his planned retirement.

Market Landscape

The move reflects a pattern in which large regional lenders such as M&T Bank supply credit risk talent to mid-sized bank holding companies in upstate New York. The appointment strengthens risk oversight at Community Financial System as it operates Community Bank alongside its insurance and financial services subsidiaries.

Customers of Community Bank and clients of its insurance and financial services affiliates may see steadier risk oversight during the leadership transition. The appointment does not change products, fees or account access on its own.

The takeaway

Leadership changes in risk management often signal how a bank will balance growth with oversight, so customers and investors may watch how the new chief risk officer shapes policy over time. Following future company announcements is the best way to track those priorities.