Bull & Lifshitz, LLP Announces Investigation of the Acquisition of The Wilber Corporation

Bull & Lifshitz, LLP announces an investigation into possible breaches of fiduciary duty in connection with the proposed acquisition of The Wilber Corporation (AMEX: GIW) (referred to as "Wilber" or the “Company”) by Community Bank System, Inc. ("Community Bank") in a stock and cash transaction valued at approximately $101.8 million.

Under the terms of the definitive agreement, each issued and outstanding share of Wilber common stock will be converted into the right to receive, at the election of the shareholder, (i) cash, equal to $9.50 per share (the "Cash Consideration"), (ii) a number of shares of Community Bank common stock plus cash in lieu of fractional shares, if any (the "Stock Consideration"), or (iii) a combination of cash and stock, subject to proration procedures which provide that the aggregate consideration paid by Community Bank will be 80% Community Bank common stock and 20% cash.

Bull & Lifshitz, LLP's investigation is focused on whether the proposed deal provides adequate value to the Company’s shareholders.

If you are a holder of Wilber stock and want to discuss your legal rights, you may e-mail or call Bull & Lifshitz, LLP who will, without obligation or cost to you, attempt to answer your questions.

If you are a shareholder of Wilber and would like more information about our investigation, please contact Joshua M. Lifshitz, Esq. by telephone at [phone] or by sending an e-mail including your contact information to: [e-mail]. All e-mail correspondence should make reference to Wilber.

Bull & Lifshitz, LLP is a New York City-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For more information about the firm, please visit our website at www.nyclasslaw.com.

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