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Community Bank System authorizes share buyback program

At a December 2018 meeting, the board of De Witt, N.Y.-based Community Bank System Inc. authorized the repurchase of up to 2,500,000 common shares, at the discretion of senior management.

Shares will be bought back during a 12-month period starting Jan. 1. The new buyback authorization replaces the previous program that expired Dec. 31, 2018.