UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A-1
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d)
OF THE SECURITIES EXCHANGE ACT OF 1934
January 12, 1996
Date of Report (Date of earliest event reported)
Community Banks, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-15786 23-2251762
(State or other jurisdiction (Commission (IRS Employer
of incorporation or organization) File Number) ID No.)
150 Market Street
Millersburg, Pennsylvania 17061
(Address of principal executive offices) (Zip Code)
(717) 692-4781
(registrant's telephone number, including area code)
Not Applicable
(Former name, former address and former fiscal year,
if changed since last report)
Item 7. Financial Statements and Exhibits.
(a) Financial Statements:
Incorporated by reference is the information
titled "The Citizens' National Bank of Ashland Report of
Independent Accountants on Financial Statements" appearing
on pages F-1 through F-14 of the Registrant's definitive
proxy statement for its annual meeting of shareholders to be
held April 16, 1996.
(b) Pro Forma Financial Information:
Incorporated by reference is the information
titled "Unaudited Pro Forma Financial Information" appearing
on pages 30 through 34 of the Registrant's definitive proxy
statement for its annual meeting of shareholders to be held
April 16, 1996.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
Community Banks, Inc.
Date: March 21, 1996 By:/s/ Terry L. Burrows
Terry L. Burrows
Executive Vice President
Chief Financial Officer
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