Upstate N.Y. bank to acquire Chase branch.

SYRACUSE, N.Y. -- Community Bank of DeWitt, N.Y., said it has agreed to acquire Chase Manhattan Bank's branch in Cato, N.Y.

Community Bank, which has $785 million of assets and 33 offices, said it would be adding $12.5 million of deposits as well as certain related consumer assets, facilities, leases, furniture, and equipment.

Terms of the transaction were not disclosed. It is expected to be completed in the fourth quarter.

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