CMTY Community Bks Millersbur (MM)

HARRISBURG, Pa., May 9 /PRNewswire-FirstCall/ -- Community Banks, Inc. ("Community") (NASDAQ:CMTY), the parent company of CommunityBanks, has declared a quarterly cash dividend of $.21 per share payable July 2, 2007 to shareholders of record on June 18, 2007. Community recently announced the signing of a definitive merger agreement pursuant to which Susquehanna Bancshares, Inc. will acquire Community in a stock and cash transaction valued at approximately $860 million. The transaction will consolidate the companies' presence in southeastern Pennsylvania and the Mid-Atlantic region, particularly in the attractive York and Lancaster markets. The combined company will have over $12 billion in assets and approximately $2 billion in market capitalization, making it the 45th largest bank holding company in the United States. 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: Patricia E. Hoch, Corporate Secretary of Community Banks, Inc., +1-717-920-5811, Fax: +1-717-920-1683

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