COMMUNITY BANK SYSTEM &lt;CBSI> BUYS NICHOLS BANK

  Community Bank Systems Inc and
  the &lt;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.
  

