WEDNESDAY, OCTOBER 7, 1998

NEW YORK—The Federal Reserve Bank of New York Wednesday approved the notice by Cortland First Financial Corporation, Cortland, NY, to merge with Oneida Valley Bancshares, Inc., Oneida, NY.

According to standard procedure, the proposal cannot be completed for 15 days.

The Reserve Bank acted under authority delegated by the Board of Governors of the Federal Reserve System.