CMTY Community Bks Millersbur (MM)

HARRISBURG, Pa., Nov. 3 /PRNewswire-FirstCall/ -- Community Banks, Inc. (NASDAQ:CMTY) announced that it completed the acquisition of Association Agency, Inc. ("Association"), located in Camp Hill, PA. Association has now become a part of CommunityBanks Insurance Services, LLC. James M. Balaban, president of Association, will continue with CommunityBanks Insurance Services, where he will utilize 30 years of experience in commercial insurance and risk analysis to expand and service the commercial insurance market in the greater Harrisburg area. His office is located in the Strawberry Square branch of CommunityBanks. According to Eddie L. Dunklebarger, Chairman, President and CEO of Community Banks, Inc., "The addition of Association is another important step in the continued development of our insurance services. James Balaban is a valuable asset to our expanding insurance group." Community Banks, Inc. is the parent company of CommunityBanks, which operates 74 banking offices throughout central and eastern Pennsylvania, and northern Maryland. In addition to banking services, CommunityBanks offers complete insurance, investment, trust & asset management and title & settlement services. CommunityBanks Insurance Services, LLC is a wholly owned subsidiary of CommunityBanks. This press release contains "forward-looking" information as defined by the Private Securities Litigation Reform Act of 1995, which is based on Community's current expectations, estimates, and projections about future events and financial trends affecting the financial condition of its business. These statements are not historical facts or guarantees of future performance, events, or results. Such statements involve potential risks and uncertainties and, accordingly, actual performance results may differ materially. Community undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new, updated information, future events or otherwise. DATASOURCE: Community Banks, Inc. CONTACT: Anthony N. Leo, Executive Vice President, Community Banks, +1-717-920-1698, +1-717-920-1683, email: Web Site: http://www.communitybanks.com/

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