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Community Bank's net income rises 7.6 percent

Community Bank System reported a 7.6 percent increase in net income in the first quarter, to $26.3 million.

The bank, based in suburban Syracuse, recorded diluted earnings per share of 57 cents, compared to 55 cents a year ago.

During the quarter, Community Bank completed its deal for Northeast Retirement Services. The bank's total revenues for the first quarter increased 6.1 percent, or $6.4 million, bolstered by $5 million in revenues from the NRS transaction.

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