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SUPPLEMENT TO
COMMUNITY BANKS, INC.
DIVIDEND REINVESTMENT PLAN PROSPECTUS
This SUPPLEMENT amends the Prospectus dated December 15, 1993 which relates
to 416,745 shares of the $5.00 par value Common Stock of Community Banks,
Inc. to be issued under the Community Banks, Inc. Dividend Reinvestment
Plan which was adopted by the Board of Directors of Community Banks, Inc.
on April 20, 1987.
A copy of the Prospectus may be obtained, free of charge, upon written or
oral request directed to Kathy Mull, Community Banks, Inc. P.O. Box 350,
Millersburg, PA 17061, (717) 692-4781.
DESCRIPTION OF COMMUNITY'S STOCK
STOCK EXCHANGE - Community Banks, Inc. is listed on the American Stock
Exchange (AMEX) under the ticker symbol CTY and is often listed in
newspapers as CommBkPa. The AMEX address is:
American Stock Exchange
86 Trinity Place
New York, NY 10006
TRANSFER AGENT - Norwest Bank Minnesota, N.A. now serves as Community's
transfer agent and registrar, and also serves as Plan Agent.
Mailing address: Street (courier) address:
Norwest Shareowner Services Norwest Shareowner Services
P.O. Box 64854 161 North Concord Exchange
St. Paul, MN 55164-0854 South St. Paul, MN 55075-0738
DESCRIPTION OF COMMUNITY BANKS, INC.
DIVIDEND REINVESTMENT PLAN
ITEM 8 (pg. 4 of Prospectus)
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VOLUNTARY CASH CONTRIBUTION LIMIT INCREASE - The Plan was amended to
increase the maximum quarterly voluntary cash contribution each participant
may make to the plan from $1,000 per quarter to $5,000 per quarter.
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WITHDRAWAL FROM PLAN
ITEM 24 (pg. 8 of Prospectus)
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Item 24 of the Prospectus, regarding withdrawal from the Plan, is amended
to read as follows: "Participation in the Plan may be terminated by a
Participant at any time by giving written notice to the Plan Agent. Within
a reasonable time after the date on which such notice is received by the
Plan Agent (the "Termination Date"), the Plan Agent will deliver to the
Participant (i) a certificate for all whole shares held under the Plan,
(ii) a check representing any uninvested dividends and/or voluntary cash
contributions, and (iii) a check in lieu of the issuance of any fractional
share in the Participant's account, equal to the fractional share held
under the Plan multiplied by the fair market value per share of the stock
on the Termination Date.
NEW AUTOMATIC CASH INVESTMENT SERVICE
A new automatic cash investment service is now available for Participants.
The service is a convenient no-cost method through which Participants may
make voluntary cash contributions to the Plan, by having money
automatically withdrawn from a checking or savings account each quarter and
invested in the Participant's account.
Participants interested in utilizing this service, or obtaining additional
information on this service should contact:
Norwest Shareowner Services
P.O. Box 64854
St. Paul, MN 55164-0854
(612) 450-2448
OR
1-800-380-1372
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