Estate of W. Clyde Wright - Page 4

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          value of the shares and above the over-the-counter price of the              
          shares.                                                                      
               During the 1980's, Wilber Bank developed a strong loan                  
          portfolio.  From the mid-1980's through September of 1990, Wilber            
          Bank's total assets steadily increased, and, overall,                        
          profitability remained constant.                                             
               In February of 1990, the shares of stock in Wilber Corp were            
          split 4-to-1 and increased dividends were declared on the shares.            
          Also in 1990, while much of the Nation's banking industry was                
          experiencing an economic downturn due to the savings and loan                
          crisis, Wilber Bank expanded its activity in the Oneonta region              
          by acquiring two branches of another local bank.                             
               As of September 30, 1990, Wilber Bank held assets totaling              
          $284,590,000.                                                                
               Approximately 10,000 shares of common stock of Wilber Corp              
          were traded each year on the over-the-counter market.  Generally,            
          no blocks of Wilber Corp stock larger than 500 shares were ever              
          traded, and the small number of shares of stock in Wilber Corp               
          that traded in the month of October of 1990 traded at an average             
          sales price of $50 per share.  On or about October 20, 1990,                 
          there existed a waiting list of perhaps 50 investors who were                
          interested in acquiring shares of stock in Wilber Corp.                      
               Wilber Corp's articles of incorporation state that no                   
          merger, consolidation, dissolution, or sale of all or of                     






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