MILLERSBURG, Pa. — Community Banks Inc. said Wednesday that it would buy Glen Rock State Bank of Glen Rock, Pal, in a deal valued at $25.5 million, about 1.6 times book value.

Glen Rock State has $184 million of assets and would add five branches in southern York County to Community Banks’ seven offices there.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.