COMMUNITY BANK SYSTEM <CBSI> BUYS NICHOLS BANK
Community Bank Systems Inc and
the <Nichols National Bank> said they have signed a definitive
agreement for Nichols to become a member of the CBSI Group of
banks for an exchange of stock worth 2.8 mln dlrs.
    CBSI said it expects to complete the deal, pending Nichols'
shareholder and regulatory approval, later this year.
 Reuter
