ONEONTA, N.Y., May 4 /PRNewswire-FirstCall/ -- The Wilber Corporation (AMEX:GIW) (the "Company"), the holding company for Wilber National Bank, Oneonta, New York, announced today that it has extended the expiration date of its modified Dutch auction issuer tender offer for up to 650,000 shares of its common stock, previously announced on April 4, 2006, until 5:00 p.m., New York City time, on May 18, 2006. The offer was previously scheduled to expire at 5:00 p.m., New York City time, today. To date, approximately 518,802 shares of the Company's common stock have been tendered and deposited in the offer.
All of the terms of the offer remain the same, as described in the Offer to Purchase delivered to shareholders in connection with the tender offer.
The Company has extended the offer to give shareholders additional time to consider the offer and tender shares if they so choose. Shareholders who own shares of the Company's common stock on the record date of May 12, 2006, will receive the quarterly dividend declared by the Company's Board of Directors on April 28, 2006, even if they tender their shares to the Company in the offer.
The Company is a single bank holding company headquartered in Oneonta, New York, serving the financial needs of the communities of the Western Catskills and Eastern Southern Tier of New York. The Wilber Corporation is the parent company of Wilber National Bank, a national bank chartered in 1874 with 20 branch offices located in Otsego, Delaware, Schoharie, Ulster, Chenango and Broome Counties and loan production offices located in Kingston, NY and Syracuse, NY. The Company's common stock trades under the symbol GIW on the American Stock Exchange.
NEITHER THE WILBER CORPORATION NOR ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATION TO ANY SHAREHOLDER AS TO WHETHER TO TENDER OR REFRAIN FROM TENDERING ANY OR ALL OF SUCH SHAREHOLDER'S SHARES IN THE OFFER AND HAS NOT AUTHORIZED ANY PERSON TO MAKE ANY SUCH RECOMMENDATION DATASOURCE: The Wilber Corporation CONTACT: Douglas C. Gulotty, President and CEO of The Wilber Corporation, +1-607-433-4172 Web site: http://www.wilberbank.com/
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