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Community Bank, Oneida say more time needed for deal

Community Bank and Oneida Financial Corp. expect it will take longer to obtain the regulatory approvals necessary to complete their merger.

Community Bank, based in DeWitt, announced in February it would acquire Oneida in a $142 million in stock and cash deal. The combination would create the fourth-largest institution by market share in the Syracuse area.

The banks now expect their deal to close in the third or fourth quarter.