Pennsylvania, of all places, has become a hotbed of merger activity.

In the last six months four in-state deals have been struck and an upstate New York company, Community Bank System of DeWitt, said it was moving into northeast Pennsylvania by acquiring First Liberty Corp. in Jermyn. Also, M&T Bank Corp. of Buffalo completed its $1 billion acquisition of Keystone Financial Corp. of Harrisburg, Pa., and NBT Bancorp of Norwich, N.Y., acquired and combined two banks in the Scranton/Wilkes-Barre area.

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