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Mr. Parente currently serves as Chief Executive Officer of Pagnotti Enterprises Inc. a diversified holding company whose primary business includes workers' compensation insurance real estate anthracite coal mining preparation and sales. Mr. Parente has also served as a director of Community Bank System Inc. a bank holding company and its affiliated bank Community Bank N.A. since May 2004. Prior to this from 1988 through 1993 he served as President and Chief Executive Officer of C-TEC Corporation a telecommunications and high-technology company. From 1970 through 1987 Mr. Parente was Chief Executive Officer and Managing Partner of Parente Randolph PC the leading independent accounting and consulting firm in Pennsylvania and among the top 30 in the country. Before this from 1962 through 1970 he was a Principal at Deloitte Haskins & Sells a public accounting firm. Mr. Parente is a member of the Board of Directors of: Sordoni Construction Services Inc. a real estate development company; Bertels Can Company a private manufacturer of metal cans for the gift industry; Circle Bolt & Nut Co. a distributor of industrial products and Frank Martz Coach Co. & Subsidiaries a diversified transportation company. He is active with various civic and community organizations and is past Chairman of the Board of Directors of the Wyoming Valley Health Care System Inc. and is a board member of The Luzerne Foundation and King's College where he also served as Chairman from 1989 through 1998. He is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants. He graduated cum laude from King's College in Wilkes-Barre PA. Mr. Parente currently serves as a director of CPA�:12 CPA�:14 and CPA�:15 from which positions he has agreed to resign if elected to the Board of W. P. Carey & Co. LLC. | 