SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 6, 1997
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Comm Bancorp, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 0-17455 23-2242292
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(State or other jurisdiction of (Commission (I.R.S. employer
incorporation) file number) Identification No.)
521 Main Street, Forest City, Pennsylvania 18421
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (717)785-3181
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Former name or former address, if changed from last report:
Not Applicable.
Page 1 of 5
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
Effective on June 9, 1997, Donald R. Edwards, Sr., has retired as
Director of the Registrant and its wholly- owned subsidiary, Community
Bank and Trust Company (the"Bank").
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) Financial Statement of Business Acquired.
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Not Applicable.
(b) Pro Forma Financial Information.
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Not Applicable.
(c) Exhibits.
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17.1 Letter from Donald R. Edwards, Sr. announcing his retirement
from the Board of Directors of the Registrant and the Bank.
99.1 Form of Press Release that Donald R. Edwards, Sr., has retired
as Director of the Registrant and the Bank.
Item 8. Change in fiscal year.
Not Applicable.
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SIGNATURES
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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.
COMM BANCORP, INC.
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(Registrant)
Date: June 6, 1997 /s/ Scott A. Seasock
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Scott A. Seasock
Chief Financial Officer
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Exhibit 17.1
June 9, 1997
Messrs. Farber and Baker
Comm Bancorp, Inc.
521 Main Street
Forest City, PA 18421
Dear Bill and Dave:
I would like to give you notice of my wish to retire from the Comm Bancorp and
Community Bank and Trust Boards effective immediately. Thank you for your
trust, confidence and friendship over the years.
Sincerely,
/s/Donald R. Edwards, Sr.
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Donald R. Edwards, Sr.
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Exhibit 99.1
June 9, 1997; Forest City, PA
Mr. William F. Farber, Sr., Chairman of the Board and Mr. David L. Baker,
President and Chief Executive Officer of Comm. Bancorp, Inc. and its subsidiary
Community Bank and Trust Company, announce the retirement of Mr. Donald R.
Edwards, Sr. from the board of directors. Mr. Edwards, along with Mr. Robert
Seamans, were instrumental in the consummation of the merger between the First
National Bank of Nicholson and Comm. Bancorp Inc. in 1993. Mr. Edwards
faithfully served the shareholders of the First National Bank of Nicholson from
1984-1993 and continued serving Comm Bancorp after the merger.
The Bank has grown to $360,000,000 in assets and has recently recorded record
profits, in part due to Mr. Edwards' contributions. On behalf of the
shareholders, the Board of Directors, and the employees of Comm. Bancorp, Inc.
and Community Bank and Trust Company, Mr. Farber and Mr. Baker wish to thank Mr.
Edwards for his many years of dedicated service and wish him well in his
retirement and future endeavors.
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