WFG Announces Community Banks, Inc. Completes Acquisition of Your Insurance Partner.Business Editors HARRISBURG, Pa.--(BUSINESS WIRE)--Sept. 24, 2003 Community Banks, Inc. (Nasdaq:CMTY CMTY Community ) announced today that it had completed its acquisition of Your Insurance Partner, with offices in Mechanicsburg and Dillsburg, Pa. Going forward, Your Insurance Partner will continue to operate as a division of Community Banks Insurance Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control ("CBIS CBIS Computer Based Information System CBIS Christian Brothers Investment Services CBIS Cincinnati Bell Information Systems CBIS Chinese Biodiversity Information System CBIS Certified Brain Injury Specialist "), through the current locations of its member partners, the Hutter Agency and The Dillsburg Agency. "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," said Eddie L. Dunklebarger, Chairman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Community Banks, Inc. "This acquisition is an important part of our plans to expand our general lines insurance services," Dunklebarger added. CBIS is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. 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. This press release contains "forward-looking" information as defined by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that 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. About WFG WFG World Financial Group WFG Waiting for Godot WFG Woodwind Fingering Guide WFG World Freight Group WFG Wait-For-Graph (scheduling) WFG Weiland Financial Group, Inc. Capital Advisors: WFG Capital Advisors, based in Harrisburg, Pennsylvania, is a leading investment banking and corporate financial advisory firm for the insurance and financial services industries. WFG Capital Advisors served as the exclusive advisor to Your Insurance Partner. |
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