Community Banks, Inc. Acquires Sentry Trust Company
21 Septembre 2006 - 3:15PM
PR Newswire (US)
HARRISBURG, Pa., Sept. 21 /PRNewswire-FirstCall/ -- Community
Banks, Inc. (NASDAQ:CMTY) announces that CommunityBanks, its
banking subsidiary, consummated its acquisition of Omega Financial
Corporation's Sentry Trust Company ("Sentry"), located in
Chambersburg, PA. With the acquisition, Sentry has become a part of
CommunityBanks Trust & Asset Management, and will continue to
operate as Sentry Trust Company. According to Eddie L.
Dunklebarger, Chairman, President and CEO of Community Banks, Inc.,
"The addition of Sentry Trust Company is an important step in the
expansion of our trust and asset management services. The
acquisition adds depth to our trust administration services and
provides CommunityBanks the capability to offer fiduciary services
to the growing Cumberland Valley. At the same time, Sentry
complements our banking expansion into Chambersburg this year."
CommunityBanks operates 73 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 of Community Banks, +1-717-920-1698,
+1-717-920-1683, email: Web site: http://www.communitybanks.com/
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