Comm Bancorp, Inc. Holds Annual Stockholders Meeting

CLARKS SUMMIT, Pa., June 6 -- Comm Bancorp, Inc. held its annual stockholders meeting today at Elk Mountain Ski Resort, Union Dale, PA.

Stockholders elected the following thirteen directors to serve for a one-year term: David L. Baker, Senior Vice President of Community Bank & Trust Company; Thomas M. Chesnick, retired Vice President of Community Bank & Trust Company; William F. Farber, Sr., President and Chief Executive Officer and Chairman of Comm Bancorp, Inc.; Judd B. Fitze, partner in Farr, Davis & Fitze; Dean L. Hesser, President of Tom Hesser Chevrolet, Inc., Tom Hesser Ford, LLC and Tom Hesser Nissan, LLC; John P. Kameen, publisher of The Forest City News; William A. Kerl, President of Carbondale Concrete Company, Inc. and Kerl Coal, Oil and Trucking Company, Inc.; Erwin T. Kost, President of Kost Tire Distributors, Inc.; Susan F. Mancuso, partner in Mancuso and Mancuso Accounting and Tax Service; Robert A. Mazzoni, Judge of the Court of Common Pleas of Lackawanna County; J. Robert McDonnell, owner of McDonnell's Restaurant; Joseph P. Moore, III, President of J.J. Motors, Inc.; and Eric G. Stephens, automobile dealer, H.L. Stephens and Son. In addition, stockholders ratified the appointment of Kronick Kalada Berdy & Co., P.C. as independent auditors for the current fiscal year.

John P. Kameen, Secretary, opened the meeting and welcomed the more than 200 stockholders in attendance. William F. Farber, Sr., President and Chief Executive Officer and Chairman of the Board, introduced newly elected board members Dean L. Hesser and Susan F. Mancuso. In a brief presentation, Mr. Farber apprised stockholders of the recent financial and nonfinancial accomplishments, and the future goals of the Company. Specifically, he detailed the factors leading to balance sheet growth, asset quality improvement and higher stock performance. With regard to the Company's nonfinancial accomplishments, Mr. Farber highlighted the development of new market areas, the recent addition of two branch offices and the implementation of new technology that will facilitate workflow efficiency and improve customer service. Mr. Farber concluded the meeting by discussing the Company's outlook for 2003 and plans that are currently underway for further expansion into Tannersville, Monroe County, Pennsylvania.

Comm Bancorp, Inc. serves four Pennsylvania counties through Community Bank & Trust Company's sixteen community banking offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, nonprofit organizations and government entities. In addition, customers can take advantage of Klick(SM) Banking, on-line banking services, by accessing the Company's web site at http://www.combk.com/. The Company's business philosophy includes offering direct access to its President and other officers and providing friendly, informed and courteous service, local and timely decision making and flexible and reasonable operating procedures and consistently-applied credit policies.

Visit Comm Bancorp, Inc. on the World Wide Web at http://www.combk.com/.

Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties in the banking industry and overall economy. Such risks and uncertainties are detailed in the Company's Securities and Exchange Commission reports including the Annual Report on Form 10-K for the year ended December 31, 2002 and Quarterly Report of Form 10-Q for the quarter ended March 31, 2003.