The Wilber Corporation and Community Bank System, Inc. Announce Shareholder and Regulatory Approval of the Merger

SYRACUSE, N.Y. & ONEONTA, N.Y.--(BUSINESS WIRE)--Community Bank System, Inc. (NYSE: CBU) and The Wilber Corporation (NYSE Amex: GIW) today announced that the Wilber shareholders voted in favor of the merger of Wilber with and into Community Bank System pursuant to an Agreement and Plan of Merger, dated as of October 22, 2010, by and between Community Bank System and Wilber (the “Merger Agreement”). The approval of Community Bank System shareholders is not required for this merger transaction. The merger, which is expected to be completed as of the close of business on April 8, 2011, will result in a combined financial institution with $6.3 billion in assets, $4.6 billion in deposits, and expand Community Bank System into seven new counties covering the Central Leatherstocking, Greater Capital District, and Catskills regions of Upstate New York.