Community Banks Completes Acquisition of Your Insurance Partner

September 25, 2003

Community Banks, Inc., based in Harrisburg Pa., has completed its acquisition of Your Insurance Partner, an insurance agency with offices in Mechanicsburg and Dillsburg, Pa.

WFG Capital Advisors, a leading investment banking and corporate financial advisory firm for the insurance and financial services industries also based in Harrisburg, handled the transaction and made the announcement.

The bulletin noted that the agency would “continue to operate as a division of Community Banks Insurance Services, LLC (“CBIS”), through the current locations of its member partners, the Hutter Agency and The Dillsburg Agency.”

Eddie L. Dunklebarger, Community Banks Chairman, President and CEO commented “We are delighted to affiliate with Your Insurance Partner. Through its member partners, the Hutter Agency and The Dillsburg Agency, Your Insurance Partner has maintained a long-standing reputation for quality service to the community. This acquisition is an important part of our plans to expand our general lines insurance services.

CBIS is a wholly owned subsidiary of CommunityBanks, the principal subsidiary of Community Banks, Inc. CommunityBanks maintains 47 community banking offices and over 100 ATM’s throughout central and northeastern Pennsylvania and northern Maryland. In addition to banking and insurance services, the corporation offers complete trust, investment and title services.

Topics Mergers

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