Community Bank System Inc. in DeWitt, N.Y., said Monday that it has completed its acquisition of Wilber Corp.
The $5.5 billion-asset company announced in October that it would buy the $870 million-asset Wilber, in nearby Oneonta, for $101.8 million in cash and stock.
With the acquisition, Community Bank has $6.3 billion of assets and $4.6 billion of deposits.
Wilber is Community Bank's first traditional acquisition in nearly four years.