Robert E. Matta, Executive Vice-President and CEO of Minersville indicated that "The Minersville Safe Deposit Bank and Trust Company is extremely delighted to add these branches to our organization.
The branches are located less than seven miles from our main office and the acquisitions are consistent with our growth plans.With the recent opening of our office in Frackville, Pa., and the addition of these two offices, we believe we can now continue our goal of being a leader in local community banking in Schuylkill County.Our current customers know us as a bank which offers lending and deposits in a personalized manner."
further added: "We offer most, if not all of the products and services which Community currently offers including Internet banking, bank by phone and an ATM network.Moreover, our plans are to add services for the customers in these two communities." Minersville
Safe Deposit Bank and Trust Company is a locally owned state banking institution founded in 1935.With the addition of the two branches, Minersville
will have total assets in excess of $75 million with six facilities in Schuylkill County. Community Banks, Inc.
, parent company of Community Banks
, N.A., Millersburg, PA and The Peoples State Bank
, East Berlin, PA, currently operates 41 banking offices in central and northeastern Pennsylvania, with assets in excess of $1.4 billion, and following this transaction will continue to operate eight offices in Schuylkill County.
: "We will be working together to ensure a smooth transition over the coming months, and the transition should be virtually seamless to Community customers, who are not required to take any action at this time."
This press release contains forward-looking statements with respect to the anticipated effects of the transaction.Shareholders and investors should note that many factors could affect the future investment performance and financial results of Community Banks, Inc.
and could cause those results to differ materially from those expressed in the forward-looking statements contained in this press release.