Community Banks, Inc. Completes Acquisition of Association Agency, Inc.
03 Novembro 2006 - 4:06PM
PR Newswire (US)
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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